Web3 Watch: Hippo-Inspired ‘Moo Deng’ Memecoin Achieves $255 Million Market Cap | Finance

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Crypto memecoins have been adorned with canine, cats and frogs, however we haven’t had a child hippo till now.

The newest animal-themed memecoin to brush crypto is MOODENG. The coin was impressed by viral web sensation Moo Deng — whose title interprets to “bouncy pig” — a two-month-old pygmy hippopotamus in Thailand’s Khao Kheow Open Zoo. 

MOODENG marks the primary memecoin token to hit a $200 million market cap in latest months. 

The token was launched on Solana with the pump.enjoyable memecoin maker, and is at the moment valued at a $255 million market cap with about $64 million in buying and selling volumes within the final 24 hours. It’s now the twenty second largest memecoin by market capitalization.

Read extra: A ‘speculative appetite’ might push memecoins increased: GSR

The memecoin has already impressed accompanying memecoins for Moo Deng’s mom, Jonah, and her siblings Moo Toon and Moo Waan. Moo Deng additionally has an unofficial Twitter fan page with nearly 50,000 followers, and has gained token listings on a number of CEXs together with MEXC and HTX.

According to Arkham Intelligence, an $800 buy of MOODENG by one dealer 4 hours after the token launch has grown into $3.5 million inside 15 days.

Audius launches pay-to-unlock

After nearly eleven months in personal beta, the Web3 music streaming service Audius announced on Friday the launch of its “pay-to-unlock” monetization options to all customers.

Fans on Audius will now be capable of pay artists via the platform for streaming music (or by way of shopping for songs instantly) with their bank cards, which is then transformed and obtained by artists in USDC.

Under Audius’s revenue-sharing mannequin, 10% of each cost is paid to the Audius treasury for onchain governance.

Audius has entered into licensing offers with a number of music publishers, most notably Kobalt, one of many largest impartial music publishers within the UK.

One attention-grabbing stat:

  • The Ethereum Name Service area title uber.eth was bought for 13 ETH ($34,938).

Also of word:

  • Polymarket launched an app on the App Store.
  • Chiliz Group, the blockchain firm behind the Socios rewards platform and fan token-focused L1 Chiliz Chain is launching Chiliz Sports, an impartial division to bridge the world of sports activities and blockchain.
  • Iggy Azalea announced Motherland, a web-based on line casino and gaming platform that will likely be built-in along with her MOTHER memecoin token.

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