MOODENG Soars 50%, Hits $137 Million Market Cap, Sparks Meme-Driven Volatility

MOODENG, a Solana-based meme token, experienced a dramatic surge in value within 24 hours. The token’s market capitalization soared to approximately $137 million, driven primarily by speculative trading activity and social media buzz. This impressive rise has been attributed to significant whale transactions and the hype surrounding MOODENG circulating on platforms like X (formerly Twitter). Despite the lack of formal leadership or public roadmap for the project, a notable spike in trading volumes further fueled its ascent.