Solana Meme Coin MOODENG Still Sat Above $300M Market Cap, SOL and DOGE Holders Are Loading Up On This $30M Gem

bitcoinistPublished on 2024-10-02Last updated on 2024-10-02

Abstract

MOODENG was the latest trending crypto meme to set the internet on fire in the last two weeks of September....

MOODENG was the latest trending crypto meme to set the internet on fire in the last two weeks of September. The social hype drew significant attention to the recently launched Solana meme coin MOODENG, pushing its market cap to $322 million in just 18 days.

Unfortunately, the MOODENG buzz has been dying, with its price collapsing over 33% in 3 days. Solana and DOGE holders are now cashing out to bet on Rollblock (RBLK), the top trending crypto analysts predict could deliver 100x returns.

Solana meme coin MOODENG starts to crater

The animal-themed Solana meme coin MOODENG has continued to capture the attention of traders. The new meme coin pays tribute to a two-month-old baby pygmy hippo born in a zoo in Thailand.

MOODENG launched on Pump.fun on Sept. 11 before a wild meme frenzy pushed its market cap past $322 million by Sept. 28. According to Arkham Intelligence, early investors have reaped gigantic yields, with one trader minting $3.5 million from an initial investment of $800 within 15 days.

Solana’s price also rocketed in September, rising from the $120 region to retest the $160 resistance zone. However, investors have started cashing out their gains as the MOODENG price tumbled over 33% from its $0.33 peak to trade at $0.22 by Sept. 30. That sent its market cap crumbling to $221 million.

SOL’s price has also been affected, falling to trade in the $155 region as the MOODENG wave subsides. Solana meme coin whales are now eyeing other top trending crypto tokens to maximize returns.

DOGE holders switch to new trending crypto tokens

Dogecoin struggled for weeks below the $0.11 resistance, and investors expected a significant rally when it finally broke through on Sept. 26. Despite the renewed investor enthusiasm, DOGE seems to be losing buying interest.

The recently predicted $0.2 bullish target is turning into a pipe dream as traders take profit at the $0.132 resistance zone. That has left investors frustrated as other cryptocurrencies continue to surge.

If DOGE doesn’t maintain support above $0.12, it’s more likely to revisit the $0.11 zone, leading to further losses. DOGE holders are joining Solana meme coin whales to explore the new trending crypto RBLK.

Dogecoin and Solana meme coin whales loading up Rollblock (RBLK)

Crypto whales have been directing money towards the Rollblock (RBLK) presale in the past few months. The RBLK token makes it easy for everyone to participate and invest in the online gambling industry, and it has been attracting serious attention from investors, raising over $4 million and now sailing through stage 7. 

One of the reasons why Rollblock has witnessed huge support from Gen-Z betters and iGaming enthusiasts is undoubtedly its robust AI driven GambleFi ecosystem. Add to this a weekly profit-sharing deal for investors and high staking rewards of up to 30% to liquidity providers on the platform, and it’s easy to see where all the excitement is coming from.

With the Rollblock crypto casino supporting advanced AI betting and copy betting initiatives, it offers competitive odds over traditional iGaming platforms. Combined with the other standout features on the platform, analysts forecast Rollblock will rise as a top gambling protocol, rewarding early token holders with potentially gigantic yields.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino

Bitcoinist

Bitcoinist

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