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- MOODENG token holders’ addresses increased this week.
- In 15 days, a Solana holder turned $1331 into $3.4 Million, a 2554x gain.
- The price of MOODENG followed the uptrend of 20-day and 50-day EMA.
A Solana Holder made a fortune. He invested 9.8 Solana (SOL), worth $1,331, to purchase 38,744,927 MOODENG tokens on September 10th. Fast forward to a mere fifteen days, and that initial investment skyrocketed to an astonishing $3.4 Million!
This incredible turn of events means the trader’s money multiplied by an unbelievable 2,554 times in an unbelievably short 15-day span.
Such a meteoric rise shows that a well-timed and strategic investment can lead to life-changing financial gains in a short period.
This guy turned $1,331 into $3.4M in only 15 days, a 2,554x return!
— Lookonchain (@lookonchain) September 25, 2024
He spent 9.8 $SOL($1,331) to buy 38.7M $MOODENG on Sept 10, now worth more than $3.4M!https://t.co/ADTPSX1IgI pic.twitter.com/3BMBD7Um26
Tremendous Liquidity Found In MOODENG Intraday
Per CoinMarketCap, MOODENG has surged by 60% in the last 24 hours. Moreover, it surged over 500% in the past week, priced at $0.1977. This impressive upward movement has been noteworthy.
This meme coin’s market capitalization stood at $195.498 Million, a significant increase from its 24-hour low of $101.47 Million. This recent optimism has propelled it into the top 250 cryptocurrencies globally, now ranked 249th.
The trading volume in the last 24 hours reached $78.279 Million, reflecting a 30% increase in demand. A volume-to-market capitalization ratio of 40.26% indicated high trading interest and liquidity. This suggested that price fluctuations might be less problematic.
The token’s trading activity has become more robust, and the overall price trend remains upward. This indicates that traders are still profiting and driving the price of MOODENG higher.
More Exchanges Getting Inclined To Onboard MOODENG Token
A recent retweet from its fan page highlighted that the token is now listed on key exchanges, contributing to its significant price surge. This surge has made MOODENG one of the top 24-hour gainers among the top 500 cryptocurrencies.
According to Solscan.io, the MOODENG price surge happened due to growth in holders’ addresses. This meant significant buying, which is evident by its chart.
Similarly, the MOODENG token, with a current supply of 989.96 million, is held by 20,838 holders. The top 10 holders possess nearly 12% of the circulating supply.
This data showed increased adoption for this crypto. This attracted more interest, including other exchanges.
The potential of this meme-coin has been recognized by listing teams from other major exchanges. There are plans to list it on different platforms soon.
According to Coincarp, Bitget, and KuCoin, crypto exchanges have shown interest in this meme-coin. They are expected to onboard it soon.
Is Solana Holder the catalyst for driving MOONDENG prices higher?
Despite its relatively short time in the market, this memecoin has shown impressive gains, causing excitement and FOMO among investors. Those who invested early are now enjoying substantial profits.
This week, the price surged from a low of $0.01533 to a high of $0.22810, making for an exciting journey on the hourly chart. The price has demonstrated strong upward movement at various resistance levels, such as $0.060 and $0.122. The next significant hurdle is $0.20.
On the hourly chart, the price has consistently stayed above the 20-day and 50-day EMA bands, indicating bullish momentum. The news of the Solana holder’s rapid gains has attracted more participants, fueling ambitious expectations for similar results.
If MOODENG can break through the recent resistance levels, the following targets are $0.22 and $0.25. However, if it fails to surpass $0.20, the support levels are $0.17 and $0.15.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
