MOODENG Gains Momentum After Binance Perpetual Contract Launch

• Binance MOODENGUSDT contract launch drove a surge in trading volume, attracting investors.
• A trader achieved a 11,534x profit from an early investment in MOODENG.

With up to 75x leverage, Binance Futures launched the MOODENGUSDT Perpetual Contract one hour ago. Traders’ interest has surged greatly as a result of this development, and investors are rushing to profit on the momentum.

MOODENG Rapid Rise in Popularity and Trading Volume 

The price of MOODENG has soared by an amazing 122.20% after the contract goes live, rallying to $0.1484 over the last 24 hours. Its trading volume has also increased by more than 208% to reach $222.94 million. Given particularly in the futures market, this fast expansion emphasizes the great demand for MOODENG.

Popular on Solana, MOODENG is a memecoin with a distinctive background motivated by a beloved hippopotamus image from Thailand. The meme coin is a highly volatile but attractive asset since it has been a main focus of speculative trading.

Binance’s listing of the perpetual contract, which offers a path for high-leverage trading, helps drive its growth even more The introduction of the futures contract has increased the visibility of the token, therefore generating even greater enthusiasm among retail and institutional traders both.

Beside that, one amazing tale related to MOODENG is of a trader who turned 6 SOL (around $815 at the time) into an astounding $9.4 million, according to CNF. With an amazing 11,534x return, this success confirms MOODENG’s reputation as a token able to create life-changing riches. Many traders are anxious to duplicate similar increases, and hence, this success is not unnoticed.

The sale of airdropped MOODENG coins by Vitalik Buterin, the founder of Ethereum, was another noteworthy event that greatly affected MOODENG’s pricing. The token jumped 480% following his sale, which increased market activity and stimulated investor speculation.