MOONPIG, the new memecoin on Solana, backed by the impressive $1,1 billion Hyperliquid whale, has reached a market cap of over $120 million and has just had its first listing on a central exchange.
MOONPIG is a vibrant memecoin, with a cute piggy in a spacesuit as its shining centerpiece. This innovative coin launched earlier this month on Solana’s memecoin launchpad, Pump.fun, and has since amassed nearly 10.000 enthusiastic holders, according to Solscan data.
Today, MOONPIG saw a spectacular rise to a market cap of over $120 million after its listing on Poloniex, although it has since fallen back below the $100 million mark.
Behind MOONPIG is Hyperliquid whale James Wynn, who recently came into the spotlight thanks to his impressive $1,1 billion BTC perpetual position. What a powerhouse!
After reaching an all-time low of $0,004102 on May 6th, MOONPIG has since skyrocketed to an unprecedented $0,1212 – a whopping 2.855% increase in less than three weeks! Despite a recent drop to $0,1001, the coin remains up 10% over the past 24 hours, largely driven by its listing on Poloniex.
At the time of writing, the price of MOONPIG seems to be pulling back from its all-time high, with an RSI of 73, indicating overbought conditions. This could mean that MOONPIG could be in for a short-term correction or consolidation. However, the MACD is still giving a bullish signal, with the MACD line above the signal line, but the descending histogram bars indicate waning momentum. “With such fluctuations, the crypto world is more like a rollercoaster ride than ever before, isn’t it?”
What exactly is MOONPIG?
MOONPIG is a memecoin revolving around a cute pig in a spacesuit, launched on the Solana platform to entertain and engage users.
What are MOONPIG's main achievements so far?
MOONPIG has reached a market cap of over $120 million in just a few weeks and has gathered nearly 10.000 holders.
What does the future of MOONPIG look like?
With strong support and recent price increases, MOONPIG may offer promising opportunities, but beware of possible short-term corrections.
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