The Solana-based asset inspired by the baby pygmy hippo Moo Deng (MOODENG) made a notable comeback on Friday. Moo Deng’s price spiked by 85% minutes after Binance Futures announced its plans to introduce the MOODENGUSDT Perpetual Contract, offering traders leverage of up to 75x.
MOODENG currently trades at $0.16, outperforming leading meme coin Dogecoin, whose value has climbed by just 0.17% over the past 24 hours. The hippo-inspired memecoin has seen a significant surge in its trading volume. As of this writing, this stands at $195 million, having risen by 181% in the past 24 hours.
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