Moo Deng, a meme coin that had seen dramatic price fluctuations, has surged by 200% following its listing on Binance Futures. This rebound comes after a significant decline of 78% over the previous weeks. In anticipation of the Binance listing, Moo Deng’s price rose to about $0.23, up from a recent low of $0.08. The spike began right after Binance announced the listing of the USDⓈ-Margined Moo Deng perpetual contracts. Previously, Moo Deng had peaked at $0.33 in late September, driving excitement among traders, but faced a downturn as investors shifted their focus to other cryptocurrencies. Despite this recent gain, the meme coin remains approximately 30% below its all-time high. The volatility characterizing meme coins like Moo Deng aligns with the broader speculative trend in the crypto market, where asset prices can soar or plummet in response to market hype and trading activity.

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