The cryptocurrency market has achieved great success despite the positive commercial talks of the United States of China. Bitcoin decreased to $ 10,888, while ETHEREUM decreased by 2 % to $ 2.508. Altcoins also decreased like Dogecoin, Solana and XRP.
However, Moo Deng, Meme, jumped on Solana Blockchain, by 125 % in the past 24 hours. There seem to be several factors that feed this gathering. For others, in 2024, Solana Mimoz gained popularity and witnessed great prices. But by 2025, most of them crashed severely, and they lost more than 90 % of its value. Surprisingly, some of these “dead” currencies this week show signs of life with impressive gains.
What pays the price height?
On May 11, Binance Mooding and Goat added to Alpha Projects Book, which helps early symbols get more attention. This gave them a boost after interest slowed after the differences such as the scale icon incident.
The distinctive symbol increased more than 60 %, to reach $ 0.20, after advertising. The market ceiling also jumped from less than $ 140 million to more than $ 180 million within hours. Last week, Moo Deng rose by more than 600 %, and has reached its highest price since January.
Its popularity is also growing due to its association with the task of the Thai river virus, which sparked a lot of noise on social media, which prompted the price up. It currently rises by 97 %, as it is traded at $ 0.2447.
High demand and future benefits pay the increase
Moo Deng increased last week due to the high institutional demand for Sol and the increase in retail interest after Bitcoin reached $ 103,000. This raised a combination of all the best 10 Memecoins Solana, with the maximum of the total market increased by 33.7 % to 12.6 billion dollars.
It also witnessed an increase in its open interest in futures contracts, currently at $ 274 million, according to the data from Coinglass. Just one month ago, it was only 13.4 million dollars. This increase shows the interest of a trader and more speculative activity in the market.
Analysts expect the price to rise between $ 0.24 and $ 0.34 soon. Although the red trend line showed that the price decreased before the last boom, the distinctive symbol may continue its upward movement with the targets set at these levels.
