Moo Deng, a Solana-based meme coin, has surged 200% following its listing on Binance, marking a significant rebound from its 78% decline over the preceding weeks. The token, which peaked above $0.33 in late September, had struggled as traders shifted their focus to other coins. The recent spike occurred after Binance announced it would allow futures trading for Moo Deng, enticing traders to invest again. Currently priced around $0.23, it remains 30% below its all-time high. The volatility of meme coins, which can experience rapid price swings based on trends and memes, continues to attract traders looking for quick profits. However, large holders face challenges when selling, as their actions might trigger a sell-off among other investors.

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