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CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | MOODENG Madness: How a Baby Hippo Memecoin Exploded Overnight

CoinDesk Podcast Network

CoinDesk

Cryptocurrencies, Cryptocurrency, Dlt, Tokenization, Coindesk, Distributed Ledger, Blockchain, Tech News, Business News, Ethereum, Bitcoin, News, Digitalassets, Daily News, Decentralization, Defi, Crypto, Business

4.8689 Ratings

🗓️ 9 October 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

The latest price moves and insights with Jennifer Sanasie.

To get the show every day, follow the podcast here.

CoinDesk's Jennifer Sanasie discusses the phenomenal rise of memecoins related to Moo Deng, a newborn hippo from Thailand. Plus, the volatility of memecoins and how they are easily impacted by influential figures.

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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is produced by Jennifer Sanasie and Melissa Montañez, and edited by Victor Chen. All original music by Doc Blust and Colin Mealey.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:43.9

Wondery, UK. That's audible.com slash Wondery UK. It's Wednesday, October 9th, and this is

0:51.5

Markets Daily, hosted by me, Jen Sanasi. On this show, we navigate

0:55.9

the currents shaping the crypto markets so that you can understand what's happened, where we are,

1:00.3

and where we're going. Now, a while ago, I said, don't sleep on meme coins. I have never slept on

1:05.8

meme coins. I love them. And that's what we're talking about on today's show the meme coin du jour mu dang inspired by

1:15.3

the Thai baby hippo that has taken over all of our TikTok for you pages rallying 480% in just

1:22.8

24 hours recently after Ethereum co-founder Vitalik Boutarin mentioned it on his social media.

1:29.6

If you followed the story, you will know that he sold 10 billion Moodang tokens worth over $760,000.

1:38.7

He donated the proceeds to charity.

1:41.1

Now, Vitalik got a hold of the tokens when the project sent a portion of its supply

1:45.8

to him when it first issued in September. This is not the first time that a project has done

1:50.9

this, and it's not the first time that Vitalik has used the opportunity for good. And almost 500%

1:58.0

rally, though. That's what we're talking about. Almost 500% in 24 hours.

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