Moo Deng Explodes 43% in One Day, Here’s What’s Behind It

Moo Deng (MOODENG) price saw a sudden acceleration in the past 24 hours and as of writing it is trading at $0.2010 with an intraday increase of 44.11%, in the same frame its market capitalization reached just close to $200 million with an addition of 43.90% and the trading volume reached $459,868,514.33 with a pump of 810%.

Source: CoinMarketCap

One of the primary factors that probably drove MOODENG’s price upwards is its listing on Upbit, a leading cryptocurrency exchange based in South Korea

신규 디지털 자산 무뎅(MOODENG) 거래지원 안내 지원 마켓: KRW, BTC, USDT 마켓 거래지원 개시 시점 : 2025-07-03 17:00 KST 예정공지 바로가기: #MOODENG@MooDengSOL pic.twitter.com/zBPqES1vh0

— Upbit Korea (@Official_Upbit) July 3, 2025

The listing includes trading pairs with KRW, BTC, and USDT, with trading starting at 17:00 KST. The exchange emphasized verifying the Solana network for deposits, warning that unsupported networks may occur in failed transactions.

After the news of listing, Moo Deng prices suddenly elevated over 32% and now it’s seen to be acquiring the pace of 50%, and in just a few hours, the market capitalization of the token grew from $165 million to over $200 million, but is now below this mark.

Also, its listing on Binance occurred in June this year, which has helped to find a path towards a greater price.

According to an X post from Wu Blockchain dated July 03, 2025, “ South Korea’s largest cryptocurrency exchange, Upbit, is set to list MOODENG with KRW, BTC, and USDT trading pairs. MOODENG is a meme coin on the Solana network themed around a pygmy hippopotamus born at Thailand’s Khao Kheow Open Zoo.”

South Korea's largest cryptocurrency exchange, Upbit, is set to list MOODENG with KRW, BTC, and USDT trading pairs. MOODENG is a meme coin on the Solana network themed around a pygmy hippopotamus born at Thailand’s Khao Kheow Open Zoo.

— Wu Blockchain (@WuBlockchain) July 3, 2025

Will Moo Deng join the $1 trading price club among memecoins?

The yearly chart of Moo Deng reveals significant volatility, typical of high-interest memecoins. After reaching an all-time high of around $0.70 in late 2024, the token entered a prolonged descending channel, correcting over 85% by March 2025.

Source: CoinMarketCap

This is followed by a long period of low volume sideways momentum, forming what appears to be an accumulation base between $0.05 and $0.10

In May this year, Moo Deng broke out of this range with explosive volume, rallying back above $0.30 before pulling back, indicating a bullish breakout and potential bottom correction.

When writing, Moo Deng seems to be forming a cup and handle pattern, which is termed a classic bullish continuation setup. The price retested the $0.30 range and is now consolidating around $0.20 with increasing volume, suggesting that bulls are slowly regaining control.

The identified support levels of Moo Deng lie around $0.13 and $0.17, the immediate resistance stands near $0.26 and then $0.33. If it breaks above resistance with strong volume, the next psychological target is $0.50, followed by a possible attempt at the $1 milestone.

Until publishing, the MACD line is above the signal line, showing bullish momentum. If buying pressure continues and retail hype picks up, it could enter fresh price discovery.