Moo Deng coin price skyrockets on Upbit listing and birthday celebration

The price of Moo Deng (MOODENG), a meme coin inspired by Thailand’s beloved baby pygmy hippo, has surged dramatically, capturing the attention of both crypto traders and the internet at large.

Fueled by a highly anticipated listing on South Korea’s leading exchange, Upbit, and a viral birthday celebration set to take place at Khao Kheow Open Zoo, the token has posted impressive gains and generated renewed enthusiasm among its growing community.

The Upbit listing announcement

After a slight drop between June 30 and July 2, Moo Deng’s price exploded shortly after Upbit confirmed that it would list the memecoin on July 3, trading it against KRW, BTC, and USDT pairs.

The announcement triggered an immediate rally, pushing the token’s price from approximately $0.1392 to $0.2251, marking a 61.71% surge within a single trading day.

Notably, this surge was accompanied by a breakout from a falling wedge and symmetrical triangle pattern, both of which are classic bullish technical indicators.

Currently trading at around $0.2, Moo Deng maintains its position above the 20-day and 50-day simple moving averages on the daily chart, reinforcing the bullish trend and underscoring the strength behind the move.

The listing not only introduces the token to South Korea’s vast retail base but also brings substantial liquidity and visibility to the asset in one of Asia’s most active crypto markets.

Moo Dend trading volume and interest have hit new highs

Alongside the price spike, on-chain data shows that trading volume for Moo Deng soared from under $50 million to more than $469 million in 24 hours.

Moo Deng trading volume| Source: Santiment

This sharp 858% increase signals a strong inflow of capital and rising interest among traders who view MOODENG as a high-momentum play.

Google Trends data further supports this narrative, showing that search interest for “MOODENG coin” reached peak levels on the day of the listing.

At its peak, the coin reached an intraday high of $0.2251 before experiencing a slight correction, though it still holds a daily gain of over 43%.

Despite the pullback, the market capitalisation rose from $165 million to nearly $200 million, making Moo Deng one of the top daily gainers on CoinGecko.

Birthday buzz adds to the meme coin hype

Beyond the Upbit listing news, the coin’s recent rally also coincides with Moo Deng the hippo’s upcoming first birthday, set to be celebrated from July 10 to July 13 at Thailand’s Khao Kheow Open Zoo.

The zoo has announced a four-day celebration, complete with a photo exhibition, mascot parade, special merchandise, and a cake-cutting ceremony on her actual birthday.

Born in July 2024, Moo Deng gained fame online after her baby photos went viral in September, turning her into a cultural icon and internet darling.

This upcoming milestone has already sparked a wave of online engagement, memes, and community buzz, which has historically influenced short-term price movements of the MOODENG token.

In previous months, similar viral moments — such as her 10-month birthday — coincided with spikes in price and trading activity, driven largely by retail sentiment and social media excitement.

MOODENG price outlook remains cautiously optimistic

With Moo Deng now firmly in the spotlight thanks to Upbit and an upcoming birthday celebration that has captivated the internet, the memecoin appears well-positioned to remain a focal point of the crypto market in the coming days.

Technically, indicators remain supportive of continued bullish momentum, with the Moving Average Convergence Divergence (MACD) flashing a bullish crossover and the Relative Strength Index (RSI) signalling a continuation of the bullish trend.

MOODENG price chart| Source: GeckoTerminal

However, traders remain cautious of a potential retracement if profit-taking escalates or if the token becomes overbought in the short term.

Analysts suggest that if bulls can hold the $0.18 support zone, the next target could be around $0.25, and potentially as high as $0.28 if volume continues to rise.

Conversely, a break below support could send Moo Deng’s price as low as $0.12, though current data suggests strong retail accumulation, with exchange balances down 12% in the past day.

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