Moo Deng: The New Meme Coin That Turned Rs 1 Lakh Into Rs 100 Crore in Just 17 Days

The world of cryptocurrency seems to be abuzz over the fact that a new meme coin has risen to storm the market, and it is nothing but Moo Deng.

A new meme coin, named after a baby pygmy hippo, has taken the cryptocurrency market by storm.

In just 17 days, one person was able to turn an investment of Rs 1 lakh into a jaw-dropping sum of Rs 100 crore, thanks to the sharp rise in the coin's value.

Meme coins are cryptocurrency assets that get their names from popular memes and artwork, especially animal-themed pieces.

User Lookonchain, who posts blockchain developments on X, included a screenshot of a cryptocurrency user investing $1,300 (about Rs 1 lakh) in Moodeng coins on September 10 in a post.

On September 28, their investment was worth more than $12 million due to the memecoin's price increase. From their Rs 1 lakh investment, they made around Rs 100 crore in total.

Take a look at the viral post here:

Now, in the increasing list of meme-based cryptocurrencies, the Moo Deng meme coin is the latest addition. It is named after the internet sensation a baby pygmy hippo who hails from Thailand. Moo Deng's videos have been shared on social media platforms and the cute little hippo has managed to win several hearts.

The baby hippo is not only popular in the crypto world but she has also inspired the beauty trends. Beauty influencers are creating looks based on her beautiful features. 

However, always remember that meme coins are not for all; only a person with a high-risk appetite, after being careful and deep in research about one or two coin choices, can give it an honest try. 

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