Moo Deng Surges 44.11% After Upbit Listing

Moo Deng (MOODENG) experienced a significant surge in its price, increasing by 44.11% within a 24-hour period, reaching $0.2010. This surge led to a substantial increase in its market capitalization, which approached $200 million, marking a 43.90% rise. The primary driver behind this price acceleration was its listing on Upbit, a prominent cryptocurrency exchange in South Korea. The listing included trading pairs with KRW, BTC, and USDT, with trading commencing at 17:00 KST. The exchange advised users to verify the Solana network for deposits to avoid failed transactions due to unsupported networks.

Following the announcement of its listing on Upbit, Moo Deng's price skyrocketed by over 32%, and it continued to gain momentum, reaching a 50% increase within a few hours. This rapid price appreciation resulted in the token's market capitalization growing from $165 million to over $200 million, although it has since dipped below this mark. Additionally, Moo Deng's previous listing on Binance in June this year has contributed to its price trajectory.

Moo Deng is a meme coin on the Solana network, themed around a pygmy hippopotamus born at Thailand’s Khao Kheow Open Zoo. The token's yearly chart reveals significant volatility, typical of high-interest memecoins. After reaching an all-time high of around $0.70 in late 2024, the token entered a prolonged descending channel, correcting over 85% by March 2025. This was followed by a period of low volume sideways momentum, forming an accumulation base between $0.05 and $0.10. In May this year, Moo Deng broke out of this range with explosive volume, rallying back above $0.30 before pulling back, indicating a bullish breakout and potential bottom correction.

Currently, Moo Deng appears to be forming a cup and handle pattern, a classic bullish continuation setup. The price has retested the $0.30 range and is now consolidating around $0.20 with increasing volume, suggesting that bulls are slowly regaining control. The identified support levels for Moo Deng lie around $0.13 and $0.17, with immediate resistance near $0.26 and then $0.33. If it breaks above resistance with strong volume, the next psychological target is $0.50, followed by a possible attempt at the $1 milestone. The MACD line is above the signal line, indicating bullish momentum. If buying pressure continues and retail hype picks up, it could enter fresh price discovery.