Ethereum Co-Founder Vitalik Buterin’s Adoption of Moo Deng Sparks 70% MOODENG Surge

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Vitalik Buterin, co-founder of Ethereum, has joined Thailand’s Khao Kheow Open Zoo Wildlife Sponsorship Program and adopted the famous pygmy hippo, Moo Deng.

The announcement on December 26 included Buterin’s commitment to donate 10 million Thai baht (approx. $285,000) to raise Moo Deng and develop her habitat. Buterin said he’s excited to raise the baby hippo and support the zoo’s Wildlife Adoption Project.

This is a phased donation, with the first installment paid now and the rest within a year. The funds will go towards a 1,600 square meter enclosure for Moo Deng and her family. Buterin’s holiday charity is in line with his long standing belief in using blockchain and meme coins for charity.

MOODENG Token’s Explosive Growth

Buterin’s announcement caused the Ethereum-based meme token to explode. Within hours the price went up 70% to $0.0002446 and then settled at $0.0001942. Trading volume went up 300% in 24 hours.

This also spilled over into the derivatives market. MOODENG futures open interest went up 9% in 4 hours with open interest of $115.42 million. Major exchanges like Coinbase listed MOODENG which added to the hype.

A Broader Impact on the Crypto Community

Buterin’s endorsement of charity meme coins has inspired the whole crypto space. He’s been praising projects that donate parts of their supply to charity and suggested creating decentralized autonomous organizations (DAOs) to make it easier to do so.

MOODENG’s success is the proof of the intersection of crypto and charity. While Ethereum and meme coins get all the headlines, the crypto space’s ability to make a real world impact like wildlife conservation is showing its use case.

Key Highlights:

  • MOODENG token surged 70% following Vitalik Buterin’s adoption of Moo Deng.

  • Ethereum co-founder donated 10 million THB to Thailand’s Khao Kheow Open Zoo.

  • MOODENG trading volume soared 300%, with futures interest up 9%.

Through this unprecedented fusion of charity and cryptocurrency, Buterin continues to reshape the narrative around digital assets, proving their potential to create meaningful change.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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