Moo Deng meme coin investor turns $800 into $7.5 million as hippo-inspired cryptocurrency skyrockets
5 months, 1 week ago

Moo Deng meme coin investor turns $800 into $7.5 million as hippo-inspired cryptocurrency skyrockets

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Moodeng, which is named after a two-month-old pygmy hippopotamus called Moo Deng, rose in value so sharply that one crypto trader was able to turn an $800 investment into $7.5 million. The so-called memecoin was created shortly after the baby hippo gained online fame when the Khao Kheow Open Zoo in Thailand posted pictures of the “bouncy pig” to Facebook. open image in gallery The gains, first spotted by crypto publication Decrypt, come as investors proclaim the beginning of “meme season”, with several other so-called memecoins hitting all-time-highs in recent days. open image in gallery The Popcat meme inspired an eponymous crypto token that hit an all-time-high on Monday, 7 October After peaking in price towards the end of September, Moo Deng saw its price retreat before rallying once again on Monday.

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History of this topic

Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say
3 weeks, 4 days ago

Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say

Live Mint  

* Crypto wallets linked to Libra withdrew from liquidity pool * Argentina President Javier Milei promoted Libra token Friday * Libra token rose to $4.50 before plummeting By Elizabeth Howcroft and Hannah Lang Feb 19 - Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the centre of a scandal in Argentina by eight …

Trump’s meme coin is a reminder of crypto’s dumbest use case
1 month, 3 weeks ago

Trump’s meme coin is a reminder of crypto’s dumbest use case

CNN  

New York CNN — President Donald Trump promised crypto investors he’d usher in an era of legitimacy for an industry that’s long been relegated to the financial wilderness — dismissed by some mainstream investors as an highly speculative bet at best or an elaborate Ponzi scheme at worst. Walter Shaub, the ethics watchdog who clashed with Trump during his first …

$TRUMP meme coin m-cap crosses staggering $6 billion; Here’s how it compares with gains of peer cryptos
1 month, 3 weeks ago

$TRUMP meme coin m-cap crosses staggering $6 billion; Here’s how it compares with gains of peer cryptos

Live Mint  

In the matrix of digital assets and cryptocurrencies, US President-elect Donald Trump launched his own official Trump meme coin to mark the celebration of his 47th President of the United States win on January 18. Other Meme Coins Similar meme coins in the cryptocurrency space also gained, like the “TRUMP MEME,” whose market capitalisation stands at over $250 million as …

The Memecoin Shenanigans Are Just Getting Started
2 months, 1 week ago

The Memecoin Shenanigans Are Just Getting Started

Wired  

In spring 2024, rapper Iggy Azalea was casting about for a concept that she could try to transmute into a hit crypto coin. “Everybody knows that I have a big butt—it goes viral easily … The butt is just an easy inroad,” Azalea told WIRED at the time of the launch. With a general euphoria taking hold in cryptoland as …

Celebrity hippo Moo Deng receives ₹2.48 crore Christmas gift from Ethereum co-founder
2 months, 2 weeks ago

Celebrity hippo Moo Deng receives ₹2.48 crore Christmas gift from Ethereum co-founder

Hindustan Times  

Moo Deng, a pygmy hippopotamus and a star attraction at Khao Kheow Open Zoo in Thailand, received a remarkable Christmas gift from Ethereum co-founder Vitalik Buterin. Canadian cryptocurrency mogul Vitalik Buterin donated over ₹ 2.48 crore to become celebrity hippo Moo Deng's “adoptive father. Buterin further noted that the donation also aimed to support Moo Deng’s companions, Kha Moo and …

Baby hippo Moo Deng gets Rs 2.5 crore Christmas gift from crypto billionaire
2 months, 2 weeks ago

Baby hippo Moo Deng gets Rs 2.5 crore Christmas gift from crypto billionaire

India Today  

Moo Deng, a baby hippo who became an internet sensation earlier this year, has found an unexpected benefactor in cryptocurrency billionaire Vitalik Buterin. The Canadian entrepreneur and co-founder of Ethereum has donated over $290,000 to support Moo Deng’s care at Thailand’s Khao Kheow Open Zoo in what is nothing but a huge Christmas present for the 5-month-old pygmy hippo. “I …

How a meme coin helped US-based CEO generate ₹3.4 crore for his daughter’s rare brain tumour treatment
2 months, 2 weeks ago

How a meme coin helped US-based CEO generate ₹3.4 crore for his daughter’s rare brain tumour treatment

Live Mint  

A California-based CEO's desperate appeal for donations for his daughter's treatment resulted in a blockchain aficionado creating a meme coin. Crypto fundraiser worth $400K generated for Siqi Chen's daughter The next day, Siqi Chen shared details about a meme coin which was created by a well wisher to raise funds for his daughter's treatment. “Uh so some random guy 20 …

The cryptocurrencies that experts expect to soar: As Bitcoin hits levels to tempt even cautious investors, these are the five best investment bets... and five more that AREN'T worth the risk
3 months, 2 weeks ago

The cryptocurrencies that experts expect to soar: As Bitcoin hits levels to tempt even cautious investors, these are the five best investment bets... and five more that AREN'T worth the risk

Daily Mail  

Cryptocurrencies are booming once again. ‘It has some big competitors such as Ethereum but it is growing in popularity.’ CRYPTO CRIB SHEET Cryptocurrency is essentially digital money, designed as an alternative to traditional currencies such as the pound or dollar. Dogecoin Best known for being backed by Elon Musk, the Tesla boss and efficiency Tsar in the upcoming Trump administration, …

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