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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