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Is MooDeng a Potential Token?

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Moo Deng is a memecoin token (named after a baby hippo) based on the Solana network and was launched on Sept10, 2024.
The MooDeng meme token has become very popular very quickly and its market cap has soared to over $250 million. So I am interested in being a topic on DBuck, just for discussion and information, not a recommendation to invest. The MooDeng token has been listed on various well-known exchanges such as Binance, Coinbase, OKX, Gemini, Kraken, etc.

Tokenomics
The current price of the MooDeng token is $0.241, max supply
989.97m MooDeng.

An easy way to own MooDenga tokens is to use the Solana mobile apps Phantom wallet, where we only need to exchange/swap Solana coins with MooDeng.

Risks of investing in Meme coins
Very high volatility,
Popularity does not last long
 
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