MOODENG Coins are Targeted by Whales, Here's the Proof!
2024-10-01
Bittime - The popular MOODENG coin is currently attracting the attention of crypto investors, especially those focused on the meme coin sector.
Interestingly, the crypto investors who are interested in MOODENG coins are not tin cans, because some of them are whales.
Why is the MOODENG coin being targeted by whales? Here's the review.
Attention-Cathcing MOODENG Memecoin
Recently, the Moo Deng (MOODENG) memecoin has attracted great interest from the crypto community.
One of the large investors, known as the whale, was observed buying 2,000 SOL to increase their holdings in MOODENG.
With the purchase of MOODENG, the investor is now the second largest holder of MOODENG, having invested a total of 27,848 SOL (approximately $4.34 million).
MOODENG Coin Becomes Target of Whales
Based on data from blockchain analysis platform Lookonchain, the whale in question had just withdrawn 2,000 SOL (approximately $311,000) from crypto exchange OKEx three hours ago to continue purchasing MOODENG coins.
By paying $0.245 per coin, they managed to collect 17.73 million MOODENG coins.
This latest step automatically further strengthens its position as the second largest holder in MOODENG.
Previously, the wallet had shown great interest in MOODENG by spending a total of 27,848 SOL (worth approximately $4.34 million).
Such large purchases reflect investors' high confidence and interest in MOODENG coin.
Interest in MOODENG Continues to Grow
Monitored by Geckoterminal, in the last 24 hours, as of October 1, 2024, 13.33 WIB, Moo Deng (MOODENG) transaction volume reached an impressive figure of $40.62 million, with a total of 50,712 transactions carried out.
Of this number, there were 30,966 purchases and 19,746 sales.
Currently, the liquidity of MOODENG coin stands at $3.1 million, which indicates that there are sufficient funds available to support MOODENG trading.
Apart from that, MOODENG is also held by around 49,580 investors, with the coin being relatively young, namely 20 days since its launch.
MOODENG's Market Cap and Fully Diluted Valuation (FDV) value reached $185.97 million each, indicating significant growth potential in the market.
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