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According to market data released by COINOTAG on September 24, the market capitalization of the Meme token Moo Deng (MOODENG) on the Solana chain has surged past $58 million. This represents a notable 24-hour increase of 31.6%, with a trading volume of $11.5 million and a liquidity pool valued at $1.5 million. Simultaneously, the market value of Moo Deng (MOODENG) on the Ethereum chain has also seen a significant rise, reaching over $11.5 million. This denotes an impressive 24-hour increase of 74.54%, complemented by a trading volume of $3.6 million and a liquidity pool of $517,000. It’s important to note that while Meme coins like Moo Deng can show explosive growth, they generally lack fundamental use cases, and their prices can be exceedingly volatile. Investors are urged to exercise caution.
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