Moo Deng, a Solana-based meme coin, has experienced a remarkable resurgence, soaring by 200% after Binance announced it would list the token for futures trading. With its price rising to approximately $0.23 after previously hovering around $0.08, this shift marks an impressive turnaround for the coin that had seen a steep decline of 78% in recent weeks. The surge follows a peak price of over $0.33 on September 28, which attracted a wave of speculative interest. The revival began immediately following Binance's announcement, which touted the launch of USDⓈ-Margined Moo Deng perpetual contracts. As a type of volatile cryptocurrency, meme coins like Moo Deng often rise sharply before quickly being replaced by newer trends. Investors who bought early, when the coin was gaining popularity, had the opportunity to sell at high prices, but liquidity issues make cashing out tricky for larger holders due to market dynamics that can trigger rapid sell-offs if significant amounts are moved.

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