A promising signal came from the exchange net position change. Since May, its steady decline suggested ongoing accumulation of MOODENG.
After retracing from $0.32 to $0.12, Moo Deng began climbing back toward its May highs.
The gradual price recovery, combined with consistent accumulation, reflected growing bullish sentiment.
While the viral hippo’s birthday may not drastically move the market, the gains on that day revealed strong investor confidence.
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