Vitalik Buterin’s 10 million THB donation leads 70% MOODENG surge

Ethereum co-founder Vitalik Buterin donated 10 million Thai baht to Thailand’s Khao Kheow Zoo. The donation to adopt Moo Deng, a pygmy hippo sparked a 70% surge in MOODENG’s price.

The MOODENG token saw a recent price jump due to a donation from Ethereum co-founder Vitalik Buterin. Following the announcement of the donation, MOODENG’s price rose by over 70%, and its trading volume also increased by 380% in just a matter of hours.

Vitalik Buterin’s donation to MOODENG

Vitalik Buterin’s involvement with Moo Deng is not just a donation. He also adopted the adorable pygmy hippo and its family for the next two years.

According to an official statement from the Khao Kheow Zoo, Buterin also joined the zoo’s Wildlife Sponsorship Program and contributed to the improvement of the zoo’s facilities, especially for Moo Deng’s habitat.

Vitalik Buterin shared, “I am delighted to accept your invitation to be Moo Deng’s adoptive father while she grows up, and to donate to the Zoo in her name, no less than 10,000,000 THB.”

The donation will happen in two parts. The first payment of 5 million THB is set for December 26, 2024, or earlier, while the second installment will follow within the next year.

MOODENG has been in the news in charitable headlines in the past. For example, Ethereum co-founder Vitalik Buterin previously donated MOODENG tokens to a medical research organization, which helped improve the project’s image and showcased its focus on charity.

The project has also consistently focused on combining fun with philanthropy, just as Moo Deng, the real hippo brings joy to visitors at the Khao Kheow Open Zoo.

In addition to its charitable efforts, the MOODENG project is committed to security and transparency. The project’s creators claim to have relinquished ownership of the token, ensuring it is decentralized and free from manipulation.

MOODENG price surge 

Following Vitalik Buterin’s donation announcement, the price of the MOODENG token surged by over 70%. It quickly jumped from $0.0001228 to $0.0002417. As of press time, it currently trades at $0.0001958.

MOODENG’s recent price surge also came with a huge 380% increase in trading activity. The token now has a market cap of $86.24 million and a circulating supply of about 41 billion coins.

MOODENG stands out as an example of how meme tokens can create a strong, loyal community. Its connection to Moo Deng and ties to Vitalik Buterin have also impacted its success. It has fostered a perception of genuine community involvement.

While memecoins like MOODENG are often seen as risky since they rely more on hype than solid foundations, activity within passionate communities can also lead to significant price swings.

MOODENG’s story is not an exception in terms of what crypto can do outside of growing in value. Communities can also support meaningful causes and create real-world impact.

Vitalik Buterin’s donation to Moo Deng’s family at the Khao Kheow Zoo caused the MOODENG token’s price to spike by 70%. The gesture also helped the zoo gain prominence and social credit, which could eventually lead to more donations.

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