What's happened
Moo Deng, a pygmy hippo from Thailand, has become an internet sensation, leading to a surge in a related cryptocurrency. The memecoin, inspired by her viral videos, has seen significant price increases, attracting both investors and visitors to the Khao Kheow Open Zoo.
Why it matters
What the papers say
According to The Independent, Moo Deng's rise to fame has led to a crypto token valued at over $200 million, with one trader turning an $800 investment into $7.5 million. The Guardian highlights the ethical concerns surrounding the zoo's treatment of animals, with PETA criticizing the captivity of Moo Deng. Axios notes that the zoo has implemented measures to manage visitor numbers, ensuring Moo Deng's welfare while capitalizing on her popularity. Business Insider UK emphasizes the speculative nature of the Moo Deng token, suggesting that while it has attracted attention, its long-term viability remains uncertain.
How we got here
Moo Deng gained fame after her playful antics were shared online, leading to increased zoo attendance and the creation of a cryptocurrency token. The token's value skyrocketed, reflecting the growing trend of meme-inspired cryptocurrencies.
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Thailand, officially the Kingdom of Thailand and formerly known as Siam, is a country in Southeast Asia. Located at the centre of the Indochinese Peninsula, it is composed of 76 provinces, and covers an area of 513,120 square kilometres, and a population