MOODENG crypto, the Solana-based meme coin inspired by a viral Thai pygmy hippo, is back in the spotlight with a massive breakout. In the last 24 hours, its price surged over 75%, and it’s now up 687% in just five days.
This explosive move has pushed MOODENG’s market cap to $257 million and its price to $0.2599, attracting fresh attention across the crypto space.
Part of the recent hype can be traced to MOODENG’s inclusion on Binance Alpha, a platform that highlights promising early-stage tokens. While not a confirmation of a Binance listing, being featured there often precedes listings and can trigger speculation-driven rallies.
The coin is also available on major exchanges like Coinbase, OKX, and Bithumb, enhancing its accessibility and liquidity.
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MOODENG Crypto Price Analysis: Eyeing Resistance at $0.2891
MOODENG’s current rally shows classic breakout behavior. After consolidating between $0.039 and $0.10 for nearly four months, the token began a steep uptrend at the start of May.
The price has now broken past $0.20 and is approaching a key resistance level of around $0.2891, which acted as support in December 2024.
If MOODENG crypto can close above $0.2891, this area could flip into new support, with the next upside target potentially around $0.40 and then $0.55. Volume has spiked significantly, confirming the strength of the move.
However, if the price fails to hold this level, a pullback to the $0.19- $0.20 range is likely.
Meme coins can reverse quickly, especially after vertical moves. MOODENG crypto surged heavily these past few days, and if the momentum cools down, an important correction is very likely.
Whether it’s the best Solana meme coin to buy in May depends on short-term price action, but for now, it’s certainly one of the hottest.
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Solana Meme Coins Are Back: MOODENG Surges +687% as Solaxy Raises $34.2 Million to Support the Next Bull Run
The meme coin market is heating up again, and Solana is right at the center of the storm. MOODENG, a Solana-based meme coin inspired by a viral Thai pygmy hippo, has exploded +687% in the last five days, reigniting interest in the Solana meme coin scene. Meanwhile, Solaxy, the first-ever Layer 2 solution on Solana, has raised $35.7 million in presale funding, positioning itself as the infrastructure play for the next wave of blockchain demand.
As meme coins like MOODENG drive a new wave of traffic to Solana, concerns around congestion and transaction failures are resurfacing. During past surges, tokens like $TRUMP clogged the network, highlighting Solana’s limitations under stress. This is where Solaxy (SOLX) comes in, offering a scalable Layer 2 solution purpose-built for Solana’s growing demand.
Solaxy: Building the Infrastructure Behind Meme Coin Season
Solaxy uses off-chain execution and transaction bundling to dramatically increase throughput, reduce fees, and eliminate downtime, making it ideal for handling the explosive volume meme coins often generate. It mirrors Ethereum’s Layer 2 evolution, providing the tools Solana needs to scale responsibly.
- Faster node syncing and smoother schema upgrades
- Enhanced testing for better reliability
- Optimized rollup mechanisms for greater performance
- UI fixes that smooth out the block time display
- A new Testnet phase is launching next week, including Solaxy’s highly anticipated bridge, letting users experience cross-chain interactions firsthand
The $35.7 million already raised in its presale shows growing investor faith in Solaxy’s vision. With features like 117% staking rewards, fiat and crypto support, and a privacy-first ethos via the Best Wallet integration, Solaxy is emerging as a strong bet for those seeking infrastructure exposure during this meme-fueled market.
MOODENG may be the meme coin to watch this month, but Solaxy could be the project that ensures Solana can handle the next meme coin season. If meme mania is truly back, infrastructure plays like Solaxy could be the smartest crypto investments of 2025.
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Key Takeaways
- MOODENG skyrockets 687% in five days, driven by viral hype and speculation around a future Binance listing via Binance Alpha.
- Listed on major exchanges like Coinbase and OKX, MOODENG now enjoys strong liquidity and rising retail investor attention.
- Backed by meme momentum and solid market interest, MOODENG is positioning itself as a top Solana-based meme coin to watch in May. But can the rally sustain?
- Solaxy, the first Layer-2 for Solana, raises over $35.7 million with strong momentum and major updates by the team like including Solaxy’s highly anticipated bridge.
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