Moo Deng, a newborn Thai hippo at the Khao Kheow Open Zoo in Bangkok, has captured the hearts of many online through her cute antics. Now, she's the star of a $100 million memecoin.

The Solana token crossed the milestone capitalization earlier Thursday, becoming one of the few to reach that level from zero in recent months, CoinMarketCap data shows.

It's also the first Thai-themed token to hit that market cap, though it's not a Thai project per se, according to Udomsak Rakwongwan, a professor at Kasetsart University and co-founder of decentralized exchange FWX.Finance.

"There used to be other memes in Thailand, but they were not so successful because they began in Thailand," he said. "There was a token about ex-junta prime minister. It went quite viral, but the price and market caps didn't go anywhere."

"Moodeng is a little different," because the hippo has been on major global media and appeals to a global audience rather than a token about a politician that only Thais would know.

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