Man turns 1 lakh yen into $100 million in just 17 days with viral Moo Deng meme coin
A cryptocurrency investor recently turned a modest investment into a huge fortune with a meme coin tied to a viral internet phenomenon. On September 10, the investor, known online as Lockonchain, invested $1,300 (about Rs. 1 lakh) in Moo Deng, a cryptocurrency inspired by a pygmy hippo young people from Thailand. In just 17 days, that investment grew to over Rs. 100 crore, thanks to the growing popularity of this currency.
What is Miao Dang?
Moo Deng, the coin’s namesake, became an internet sensation after a video of the two-month-old hippo, famous for its unique appearance, went viral. These videos, widely shared on social media platforms such as Instagram and TikTok, have attracted global interest. As a result, Moo Deng’s image and appeal quickly outstripped her local fame, sparking interest in the cryptocurrency that bears her name.
Also read: Tinder users can now connect with people in other cities even before traveling
How does Meme Coin work?
Memes, a trend in the cryptocurrency space, are often based on viral internet moments, animals or memes. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, these coins increase in value primarily through social media buzz and online trends. Moo Deng’s success joins the ranks of other meme coins, such as Dogecoin and Shiba Inu, that also emerged from internet culture and gained attention for their viral appeal.
Also read: Securities trading scam: Government issues warning to investors- Details
of users story took place online, where they shared their journey from a small investment in Moo Deng to a life-changing profit. In just two weeks, the value of the cryptocurrency has skyrocketed, fueled by increased attention to pygmy hippos and the growing trend around meme-based digital currencies.
What other trends has Moo Deng inspired?
Moo Deng’s influence is not limited to the cryptocurrency world. Her viral videos have inspired a beauty trend that is spreading worldwide. Beauty influencers have taken cues from the hippo’s appearance, creating makeup looks that mimic her features. Social media platforms continue to see this trend gain traction as influencers from various regions pay homage to the Internet’s favorite hippopotamus.
Moo Deng’s popularity surprised even her zookeeper. in one interview to The Guardian, she expressed surprise at the international attention the hippo received, noting that she had expected Moo Deng to be recognized in Thailand but not worldwide.
Disclaimer: Cryptocurrency investing carries significant risks and can result in significant losses. Always conduct thorough research and consider your financial situation or seek financial advice before investing.
