Beeple Tweets About Moo Deng – Will There Be MOODENG NFTs Next?
Release: 2024/09/30 21:04 Reading: 717
Michael Winkelmann, renowned as Beeple, returns to the nascent crypto sector, having previously focused on politics and lifestyle. In his recent daily artwork, the prominent digital artist featured Moo Deng, a popular meme coin gaining traction within the Solana ecosystem. This article explores the significance of Beeple's involvement given the anticipated retesting of a bull run in the crypto and non-fungible token markets.
Beeple's Focus on Moo Deng
On September 30th, Beeple shared an image of stacked baby hippos with the caption "We are all moo deng," as part of his daily artwork. The reference pertains to Moo Deng, a recently launched meme coin inspired by the playful antics of a two-month-old pygmy hippo of the same name. This new meme coin has rapidly gained momentum, boasting a market capitalization exceeding $300 million within a brief period of 20 days.
Significance of Beeple's Involvement
Beeple, known for his non-fungible token collections, wields considerable influence. His artwork often features comical elements while commenting on political and social issues, drawing on pop culture references. Beeple's consistent daily art production since 2007 has garnered a substantial following, approaching 800,000 on X, formerly Twitter.
Potential NFT Market Bull Run
Beeple's recent attention to Moo Deng coincides with speculation about a resurgence in the crypto and non-fungible token markets during Q4 of 2024. This projection aligns with historical market patterns. In 2023, the global non-fungible token market experienced a surge in activity following the sales success of Bitcoin Ordinals and BRC-20 NFT collections.
The combination of Beeple's renewed focus on crypto and favorable market conditions suggests the potential for a bull run in the NFT market before the end of the year. Additionally, the trend of meme coins evolving into NFT collections, as exemplified by Pepe the Frog, could lead to the release of a Moo Deng NFT collection amidst the coin's growing popularity.
Beeple's Influence in Crypto
Beeple is not merely an influencer but a visionary who is credited with initiating the historic 2021 NFT Bull Run. While he ventured into the crypto market in 2018, his impact became evident in 2020 when he tokenized his "Everyday: The First 5000 Days" as an NFT, which sold for an astonishing $70 million.
In the lead-up to the United States presidential election in October 2020, Beeple released a series of NFT artworks on Nifty Gateway. One notable piece, "Politics Is Bullshit," depicted a diarrheic bull tattooed with the American flag and a Twitter bird perched on its neck. This artwork gained widespread recognition and sold for $6.6 million.
Beeple's impressive sales attracted attention from major news outlets, businesses, and institutions, effectively triggering the NFT bull run of 2021. Given the significance of his past contributions and the upcoming presidential election, Beeple's NFT artwork holds potential to generate significant value and contribute to another market upswing.
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