Mooning – Mooning means behaving or moving in a listless and aimless manner. In the cryptocurrency world, mooning refers to an instant surge in pricing in a positive way. Like if someone says Bitcoin is mooning then it means the price of a bitcoin has surged instantly for a certain time.
When the value of the coin is maximum we say that coin is on the moon. Just like when we are extremely happy we say we are on the moon. In a similar fashion when value of a coin goes up it is said that a specific coin is mooning.
More interestingly, it also means the act of showing naked bottom in public as a joke or as a protest.