Moo Deng meme coin price rally is an unexpected event in the recent market, as the trend of meme-themed cryptos is on the decline. In the last few months, the crypto investors’ sentiments have been in complete turmoil, resulting in a crypto market crash and changing trends. However, as the sentiments reemerge, many digital assets, including MOODENG, are booming with gains. Let’s discuss.
3 Reasons Why Moo Deng Price is Soaring
In its launch days, Moo Deng price witnessed a massive uptrend, hitting an ATH at $0.6911. However, like any meme-themed cryptocurrency, it crashed as the hype declined, but that’s changing. In the last seven days, this trending Solana meme coin surged 573% and 110% today, trading at $0.2730.
1. Binance Alpha Listing
Moo Deng meme coin price surged more than 500% under the influence of the Binance Alpha listing. On May 11, Binance announced the listing of the MOODENG and another Solana meme coin, GOAT, and both witnessed high demand, resulting in price rallies.
A new batch of Binance Alpha Projects added today! Discover the latest tokens spotlighted in #Binance Markets.
$MOODENG$GOAT
Navigate to the [Markets] – [Alpha] tab to trade.
Know More
— Binance (@binance) May 11, 2025
2. Broader Crypto Market Recovery Amid US-China Trade Deal
The broader crypto market has witnessed a significant uptrend in the last few days. Even the investor sentiments have turned to greed for the first time in weeks, as the geopolitical news like the US-UK trade deal and ongoing US-China trade talks fueled investors’ optimism.
3. High Trading Volume and OI Driving the MOODENG Meme Coin Price Rally
Amid these key events, the trading volume of MOODENG meme coin has surged 360% to $1.12 billion today. Additionally, the open interest has hit $289.70M after a 120% increase per Coinglass data, signaling bullish momentum.
With the price rally, the expectations are higher for the upcoming gains.
Moo Deng Price Prediction: What’s Coming Next?
The Bitcoin price rally and the US-China trade deal announcement are increasing investors’ expectations for MOODENG’s performance. There are also rumors that Binance is listing the meme coin on the spot market.
As a result, the investors’ interest is high. Experts like Solberg Invest’s Moo Deng’s price prediction also hint at a further rally unless investors’ overbuying results in a pullback. He claims that MOODENG is highly bullish with the potential to hit $0.34. However, he also added that a pullback would be healthy.
Another crypto analyst, Julius Elum, predicts a 100% rally from the current level. Still, the uncertainty looms as many macroeconomic events are set to take place this week, which could affect the price.
The post Top 3 Reasons Why Moo Deng Price is up 110% Today appeared first on CoinGape.
