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The Nature of the “Animal Meme Coin” Trend

Animal meme coins are meme tokens inspired by famous animals on the internet. These coins often start as a joke but surprisingly gain serious traction and become valid investments. Since their initial purpose is entertainment, they typically have simplistic use cases and thrive solely on community hype.

Several animal-themed meme coins made headlines in 2024:

  • Peanut (PNUT): Inspired by a real rescued squirrel, this Solana-based token reached an all-time high of $2.47. Its backstory helped create an emotional connection with investors.

  • Moo Deng (MOODENG): A meme coin based on a pygmy hippopotamus in Thailand. With a humorous brand and strong community support, MOODENG surpassed $500 million in market cap.

  • Popcat (POPCAT): Originating from a viral cat meme, Popcat launched in late 2023 and saw trading volumes of over $230 million by mid-2024.

  • Sundog (SUNDOG): Built on the TRON blockchain, Sundog rapidly gained popularity and is now one of the top meme coins by market cap.

These coins show how simple concepts, catchy visuals, and a good story can turn a joke into a multimillion-dollar token.

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