A savvy trader has reportedly transformed a $1,331 investment into an astounding $9.5 million in just 16 days, achieving a 7,140x return from an early investment in MOODENG (CRYPTO: MOODENG), a meme coin that has rapidly gained traction in the space.
What Happened: MOODENG, a Solana (CRYPTO: SOL)-based token, is currently trading around a market capitalization of $205 million, down from its Saturday peak of $339 million, according to data from DexScreener.
The token’s meteoric rise in value was caused by the viral popularity of its namesake, Moo Deng, an adorable baby hippo from a …
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