Who is the operator of MOODENG? The largest currency holding address has earned nearly 10 million yuan

Author: Frank, PANews

As the market picks up, MEME coins have reached a small climax in the past month. And the highlight of this boom is still on Solana. MOODENG, based on the Thai Internet celebrity hippo MooDeng, successfully topped the list and became the most eye-catching project in September. (Related reading: Internet celebrity hippo's MEME coin MOODENG soared tens of thousands of times, driving the market to reproduce the zoo market)

As of September 30, MOODENG's market value reached 220 million US dollars, ranking among the top ten MEME coins on the Solana chain, and also set the highest market value of the Pump.Fun launch project. Many players on social media also claimed to have made huge profits through MOODENG. In addition to MooDeng's own Internet celebrity effect, MOODENG's success seems to be another case that is not accidental.

Early development timing becomes a key factor

In fact, the MOODENG token with the highest market value is not the first MEME coin with MooDeng as the theme. As early as 20 days ago, there were multiple related tokens on sale, but only two of them had a market value of more than 100,000 US dollars, and MOODENG was the most successful one. Looking back at the hot spots during this period, in the early days of MOODENG, the Google search index was not high, and the timing of the creation of MOODENG happened to be the eve of MooDeng's global spread. The MOODENG token was created on the evening of September 10, and starting from September 12, the search index of MooDeng began to rise rapidly.

Therefore, good timing has become a prerequisite for the success of MOODENG. However, related theme tokens that were earlier or later have not been able to develop.

In addition to timing, the success of each MEME coin is inseparable from the boost of capital. In the early days of MOODENG, there was not much heat and capital entering. This stage has also become a critical period for multiple main players to enter the market. MOODENG's first wave of boost came from the pump.fun curve. According to PANews' observations, the initial development of MOODENG is inseparable from several factors. First, trading robots joined to assist in brushing trading volume, contributing a total of 19.67 SOL trading volume. At the same time, this robot platform also provides a comment-brushing service. By increasing the transaction volume and comments, many sniper robots believe that MOODENG is a potential golden dog. Secondly, three mysterious addresses bought 3~5SOL, filled the curve of pump.fun, and successfully launched on Raydium. However, these addresses sold all the tokens they held after the launch, and did not reap the fruits of the subsequent market value surge. The creator of the MOODENG token also handed over the chips in his hands at a very early stage.

The largest position earned nearly 10 million US dollars, with a profit of more than 6,000 times, but has not been sold

After MOODENG was launched on Raydium, the real main force began to enter the market. The largest contribution to the transaction volume is some high-frequency trading addresses, whose trading habits are to buy and hold for a few minutes and then sell. However, this trading strategy seems to often lose money and is not worth learning. But in any case, these relatively large addresses played a key role in MOODENG's launch on Raydium in the early stage.

But it seems that some addresses have predicted that MOODENG will be successful. They started buying from September 10 and have not sold until September 30.

Take address 969uz8JLbKfeXdJ91bca6ZLjDtutvFr1FGG8H7KmHqY3 as an example. This address has purchased a total of 20 million MOODENGs since the 23rd, and the price has increased by more than 5 times so far. It has not been sold yet. This address is currently the address with the most coins held by a single address.

Another big account, shogunfucks.sol, is the address of the founder of the DeFi protocol. Dovey, an investor in the project, said that the founder earned eight-digit income through MOODENG. The address started buying on the 23rd and accumulated about 18.67 million MOODENGs as of September 30, worth about 4.53 million US dollars. However, the main MOODENG accumulation of this address, of which about 1,800 were purchased by the address 66bESGfM8YGugav9acG32pKtWvhCX6wzM6DRZomxVUar on September 23, the funds of which came from Coinbase.

However, the actual largest player of MOODENG is trying hard to hide it. The address 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU spent 9.8 SOL to purchase 38.74 million MOOGENG since its creation on September 10. This holding is actually the largest holder of MOODENG. Perhaps in order to avoid being tracked by on-chain hunters, 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU then dispersed these tokens to the address 9HLb8fGKGMkBQdU41tjKnpa5ZRFscS4ZMoqFxzC4i4KE (14 million), the address 3jdq8UwHdTmnDunf3e4sBRFTDntqsW7tcSJyHqr6ME7U (5 million), and the address ADqyWpPKVYCQbCnPY74xusM6JXZ64Rbx5iPL2AGjwMyu (12 million). Therefore, 5FGcB2HydTE9pGbHoSjo7ABn4NgeQV8aS9AerD1TZREU is the largest holder of MOODENG, with a total holding of 38 million tokens, worth more than $9.41 million. The initial investment was only $1,532, with a return rate of more than 6,142 times.

The funds of this address come from G2YxRa6wt1qePMwfJzdXZG62ej4qaTC7YURzuh2Lwd3t. This address is involved in many Rug incidents on social media. There are also opinions that this address comes from ChangeNOW's hot wallet. This address has been used for hacker attacks many times before. However, it is doubtful that if this address knows that MOODENG will be successful, how to buy at the best time to buy, and how to stick to one and not sell during the rise. The MOODENG token was created at 17:25:27 (UTC) on September 10, 2024. The purchase time of this address was 22:18:58 that night. The price of MOODENG was at its lowest level at the time of purchase. It can be seen that this purchase caused MOODENG to rise, and the price increased 5 times in 15 minutes.

In addition, another address BtTGmbw6iHHAkQpM2gn4igtDh7sqzAcmUMTRokFFbfdk, which ranks high among coin holding addresses, has its funds from 667ku1pQRqWVTApTfiHepAAGS52YCgyJqbr24YTW6xyX. This address bought MOODENG at 22:14:52 on September 10, with an initial cost of 1SOL (US$156) and bought 18.7 million MOODENG (currently worth US$4.38 million), with a profit of more than 28,000 times (only a small part was sold). This address is also very smart. It entered the market at the lowest point and remained firm even after experiencing a return of more than a thousand times.

There are many similar addresses. Almost all of the top addresses in terms of holding coins entered the market before September 13, and they seemed to have reached a consensus and did not sell them for the time being. These big investors have gained huge profits. At the same time, because there were no big investors dumping the market during the rise, MOODENG was able to draw a beautiful K-line.

Mysterious Mexican developer predicted the success of MOODENG

In addition to the funding side, PANews tried to find the people behind MOODENG on social media. A blogger who claims to be a Mexican developer is suspected to be an early developer of MOODENG. The blogger is named nebur. As early as September 10, he claimed on Twitter: "I received inside information that a coin will rise to 1M today, and I will be the first to release it. Who needs CA? I will send private messages to 5 people in advance." After several tweets, on September 11, he retweeted a tweet from @MooDengSOL (MOODENG's token social account), when MOODENG was not popular. Then nebur began to promote MOODENG on Twitter.

Since September 11, @CryptoSanJin666, @caseyfordalexan, @Otiscryptos, @jeet_papi, @chrizzy_1999, @zhangrusheng12 and other MEME coin-related KOLs have mentioned MOODENG on social media, but from observation, these bloggers should be early discoverers of MOODENG. As MOODENG's market value rises step by step, more and more players are entering the MEME circle, and more and more KOLs continue to shout orders.

On the whole, MOODENG's success is inseparable from the Internet celebrity effect of this little hippo in Thailand. The MEME culture it brings has swept the world. Secondly, during the development of MOODENG, those early big investors seemed to have predicted MOODENG's high market value performance and reached a consensus in advance. Not selling a large number of stocks in the early stage is also one of the important reasons. However, these similar purchase timings and unified operation styles make people suspect that there are some groups behind MOODENG that are deliberately controlling the market. No matter how much the market value rises, these unsold mysterious addresses are always like time bombs, which may have a certain impact on the market, especially before the popularity of MooDeng begins to decrease.