Crypto
Memecoin Moodeng Soars 480% Following Vitalik Buterin's Endorsement and Charity Sales
The MOODENG token, inspired by a Thai hippo, surged nearly 500% after Ethereum co-founder Vitalik Buterin's mention and subsequent donation of the sale proceeds.
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Highlights
- The MOODENG token, inspired by the popular Thai hippo Moo Deng, saw a staggering 480% increase in price within just 24 hours.
- Vitalik Buterin, a key figure in the cryptocurrency space, notably referenced the memecoin on his social media and subsequently sold 10 billion MOODENG tokens for 308.69 ETH, directing the proceeds towards charitable causes.
"The best thing for memecoins is if they can be maximally positive-sum for the world."
Translation: The best thing for memecoins is if they can be maximally positive-sum for the world.
Recently, traders interpreted Buterin's mention and donation as a sign of potential positive momentum for the memecoin market. The MOODENG token's price action has reportedly surged due to this positive sentiment, marking a 2700% increase over the past week.
The community surrounding MOODENG is committed to sustaining this momentum by engaging in similar charitable initiatives.
