Tanju Akbıyık 
Popular meme coin Moo Deng (MOODENG) has realized a giant rise after the news of its listing on the Binance exchange. The announcement made by Binance at 13.00 Turkey time attracted the attention of investors by increasing the price of MOODENG by over 230 percent. Following the listing news, the token gained a huge momentum, rising from $0.075 to over $0.25 within a few hours. At the time of writing, the MOODENG price settled at $0.24, with some retracement.
Binance’s addition of Moo Deng (MOODENG) to its futures section had an impact not only on price but also on trading volume. MOODENG trading volume, which normally hovers around $70 million, increased remarkably after the listing, approaching $600 million. It is known that MOODENG reached an all-time high of $0.34 last month, and this new listing has increased the expectation to bring the price back to these levels.
One trader who capitalized on the listing opportunity was quick to act and made a remarkable trade. As soon as he saw Binance’s announcement, the trader bought 2.7 million MOODENGs with 1300 SOLs and sold his MOODENGs in about 20 minutes, making a profit of 140 thousand dollars. Binance’s new listings continue to offer significant opportunities for investors in terms of profit opportunities.
You can join our Telegram channel to not miss the news and stay informed about the crypto world.