Get All Access for $5/mo

There's a Moo Deng Crypto Token That Has a Market Value of $200 Million The crypto meme token started trading on the Solana network on September 20.

By matthew fox

Key Takeaways

  • Moo Deng is baby hippo that's turned into a viral internet sensation.
  • A Moo Deng crypto token on the Solana network has soared 463%, and is now valued at $201 million.
  • The token peaked at a $336 million market capitalization over the weekend.
Carola Frentzen/picture alliance via Getty Images via Business Insider

This article originally appeared on Business Insider.

The viral baby hippo sensation that is Moo Deng has a crypto token attached to her likeness that is now worth $200 million.

The crypto meme token started trading on the Solana network on September 20 at an initial price of $.03597, according to data from CoinMarketCap.

It has since soared 463% to $0.2027, giving it a market valuation of $201 million at 10:50 a.m. in New York.

At its peak on Saturday, the crypto token had a market value of $336 million, the same day Saturday Night Live addressed the Moo Deng topic in its Weekend Update segment.

Moo Deng has taken over the internet and attracted thousands of visitors to her Zoo in Thailand, as onlookers watch her enjoy water baths, eat food, and run in furious sprints around her enclosure.

The Zoo even set up a 24/7 livestream camera to watch Moo Deng at all times of the day.

As to what this means for the world of crypto… probably not much.

Moo Deng isn't the first viral sensation to inspire a meme-coin that captures the attention of traders, and she certainly won't be the last.

Business Insider contacted various crypto experts for comment on the Moo Deng crypto token but has yet to receive a response.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

By Ben Angel
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel
Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

By Cynthia Kay
Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

By Amanda Breen
Science & Technology

5 Automation Strategies Every Small Business Should Follow

It's time we make IT automation work for us: streamline processes, boost efficiency and drive growth with the right tools and strategy.

By Apu Pavithran
By Sherin Shibu