MOODENG Melejit 400%, Investor Besar Banjir Pasar Meme Coin

OODENG skyrocketed 400%, large investors flooded the meme coin market (Photo; Doc. Blocknews)

JAKARTA - In the last two weeks, MOODENG, one of Thailand's new coin memes, recorded a remarkable price increase of 400%. The increase was driven by the whales or major investors who poured millions of dollars into the project.

While most coin memes have experienced price declines in the last 24 hours, such as Neiro and Bellscoin, which fell by 16% and 15%, OODENG actually stole the show with an increase of 5.8% to 0.2355 US Dollars (Rp3,578) in one day. In the past week, OODENG even reached an all-time high of 0.3387 US Dollars (Rp5,146) before falling back by 28%.

Currently, OODENG is trading on the XT.COM exchange with a daily trading volume of 152.9 million US Dollars (Rp 2.3 trillion), making it one of the best-performing coin memes in the market. In the two weeks since its launch, this coin has raised a market cap of 233.56 million US Dollars (Rp 3.5 trillion), and has attracted the attention of large investors.

Some investors managed to reap big profits from the price spike of OODENG. For example, a trader who initially invested 1,300 US Dollars (Rp. 19.7 million) managed to turn it into 3.4 million (Rp. 51.6 billion) in a short time. Another case is a whale who bought 30.1 million OODENG for just 6 SOL (815 US Dollars) (Rp. 12.3 million), which is now worth 9.4 million US Dollars (Rp. 142 billion), giving returns more than 11,000 times.

However, not all investors make a profit. Some of them sell their assets too quickly, losing their chances of making millions of dollars in line with the skyrocketing price of coins.