Moo Deng, a Solana-based meme coin, has surged 200% following its listing on Binance, the world’s largest crypto exchange. After experiencing a significant decline of 78% in recent weeks, the token jumped to approximately $0.23 after hovering below $0.08. This increase began immediately after Binance announced the listing of Moo Deng futures contracts, allowing traders to speculate on the coin's future price. Despite an initial peak above $0.33 in late September, the coin faced a precipitous drop as interest shifted to other cryptocurrencies. With this recent spike, Moo Deng is now only 30% below its all-time high. The volatility of meme coins, often shaped by trends and public interest, can lead to rapid price changes, making them both enticing and risky for traders. The recent announcement from Binance has reignited interest in Moo Deng, but it serves as a reminder of the fickle nature of meme coin markets.

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