Moo Deng (MOODENG), a meme coin on the Solana blockchain, is making waves in the cryptocurrency scene, with its price skyrocketing by 128.4% in just 24 hours, currently sitting at approximately $0.1649.
This surge is accompanied by a remarkable 293% increase in trading volume, largely fueled by Binance’s recent announcement of a USD-Margined perpetual contract for the token, which went live on October 25.
The new MOODENGUSDT perpetual contract on Binance allows traders to leverage their positions up to 75 times, offering a dynamic way to engage with the market. With a funding rate capped at 2.00% and fees settling every four hours, this contract is designed to help traders manage their investments more effectively. The tick size is set at 0.00001, providing precision in trading.
This listing is part of Binance’s broader strategy to tap into the growing interest in memecoins, and Moo Deng’s unique branding—drawing inspiration from a popular baby hippo from Thailand—has certainly caught the public’s eye.
