HTX, a major cryptocurrency exchange, announced the listing of the new meme-based token, MOODENG, on September 23, 2024.
According to the announcement, MOODENG deposits opened at 05:30 UTC on September 23, while withdrawals are set to open at 13:00 UTC on September 24.
Spot trading for MOODENG/USDT will commence when the deposit volume meets market demand, with further details to be provided by the exchange.
MOODENG Gains Attention from the Market
The Solana blockchain is the foundation of MOODENG. Users were also cautioned by HTX to be wary of price volatility and slippage, especially during the early stages of trading.
To shield users from market swings, the exchange has put in place a mechanism that will cancel market orders if the price shifts too far from recent levels (the 90–110% range).
According to Arkham’s data, an unnamed trader recently made news by trading MOODENG and turned a $800 investment into a whopping $400,000 profit. Interest in the token has increased as a result of this action.
As of the time of writing, the MOODENG/SOL trading pair is priced at approximately $0.04633, down by 10% in the last 24 hours, according to CoinMarketCap data.
Despite the dip, MOODENG remains a trending asset, largely thanks to its origins as a meme coin inspired by a baby pygmy hippo from Thailand’s Khao Kheow Open Zoo. The hippo, named Moo Deng, became an online sensation after going viral in a series of memes, contributing to the token’s popularity.
The creators of MOODENG have strategically leveraged this trend, following a playbook similar to other successful meme coins on the Solana network. The hype surrounding Moo Deng has translated into significant trading activity and widespread recognition for the token.
HTX Facilitates P2P Trading on Telegram
In addition to the token listing, HTX has unveiled a ground-breaking method to enable more seamless cryptocurrency trading. Users can now conduct peer-to-peer (P2P) trades directly through Telegram thanks to a new feature of the exchange.
This invention provides customers with a smooth and intuitive trading experience by fusing Web3 software with one of the most widely used messaging systems worldwide.
By facilitating cryptocurrency transactions through a recognisable interface such as Telegram, HTX is meeting a significant need in the digital asset market for easier-to-use and more efficient trading solutions.
With the listing of MOODENG and the release of fresh P2P trading options, HTX is advancing significantly in the rapidly changing cryptocurrency space.
The exchange is positioned as a forward-thinking participant in the market by its capacity to provide distinctive, cutting-edge trading alternatives and the rising demand for meme coins like MOODENG.