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In a remarkable rise that has captured the attention of the cryptocurrency community, HIPPO has rapidly emerged as the leading meme coin on the SUI blockchain.
As of October 8, 2024, HIPPO has seen an astonishing 164% increase in price, reaching $0.01609, with a market capitalization now exceeding $160 million.
This meteoric rise is underscored by a 24-hour trading volume of approximately $44.4 million, positioning HIPPO at position 267 in the crypto market.
Why is Su Deng (HIPPO) price rising?
HIPPO’s success can be attributed to several key factors, most notably its strategic partnerships and community support.
To start with, the recent surge in SUI’s price has created a favourable environment for HIPPO, driving its demand among investors and a surge in demand most often results in a hike in price.
Notably, a whale transaction caught the eye of analysts.
The whale withdrew 114,680 SUI (valued at $200K) from Binance and converted them into a staggering 12 million HIPPO tokens at $0.01662.
Someone withdrew 114,680 $SUI($200K) from #Binance to buy 12M $HIPPO at $0.01662 ~45 minutes ago! suivision.xyz/account/0xe637…
This strong buying interest signals increasing confidence in HIPPO’s future trajectory.
Beyond its financial milestones, HIPPO has also made significant strides in philanthropy.
It has initiated a charity relief mission aimed at supporting zoos in Thailand, donating nearly $200K to improve animal care.
SUI ecosystem is going crazy 🔥 $HIPPO, the first memecoin of SUI, is now the only memecoin to have been officially endorsed by the Zoo in Thailand, where Moodeng resides. ◾ HIPPO also started a charity relief mission for Zoo’s in Thailand and has already donated under…
This charitable endeavor aligns with HIPPO’s official endorsement by a Thai zoo, where the popular Moodeng resides.
Such initiatives not only enhance HIPPO’s image but also resonate well with the community, fostering a sense of goodwill and purpose among its supporters.
Lastly, despite being in the market for only a week, HIPPO has achieved notable milestones, including listings on popular exchanges like MEXC, Gate, Lbank, and CoinEx.
Interestingly, its debut week was marked by a remarkable all-time high market cap of $140 million, underscoring its explosive growth potential.
As the first meme coin on the SUI blockchain to surpass the $100 million market cap mark, HIPPO is benefiting from a significant first-mover advantage, which positions it favourably for future growth.
With its current trajectory and the community’s backing, HIPPO is poised for further success.
As the crypto market continues to evolve, HIPPO’s unique blend of financial promise and social responsibility could very well sustain its momentum.
Investors and enthusiasts alike are watching closely as HIPPO continues to redefine the landscape of meme coins on the SUI blockchain, and its recent performance suggests that this is just the beginning of its ascent in the ever-competitive cryptocurrency market.
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