Vitalik Buterin Donates 88 ETH to Adopt Moo Deng As the Meme Coin Rallies

by

As a researcher with a keen interest in both technology and wildlife conservation, I find Vitalik Buterin’s recent adoption of Moo Deng, the viral pygmy hippopotamus, truly inspiring. It’s fascinating to witness how the world of cryptocurrency and meme coins can intersect with real-world issues, such as animal welfare, in such a tangible way.

Vitalik Buterin, one of the founders of Ethereum, has formally taken in Moo Deng, the pygmy hippo who gained popularity online.

Vitalik Buterin donated about 88 units of Ether, worth around $292,000, to the Khao Kheow Open Zoo in Thailand, a place inhabited by Moo Deng.

Moo Deng Meme Coin Rallies After Buterin’s Donation

Born on the 10th of July, 2024, Moo Deng quickly became recognized worldwide at only two months old, as her photos circulated widely on social media platforms. The Khao Kheow Open Zoo posted her pictures on their official Facebook account, igniting a surge of interest and popularity.

Enthusiastic supporters of Moo Deng reacted positively, prompting the zoo to release merchandise showcasing her image. This increased interest nearly doubled the zoo’s daily visitors in September 2024.

“I appreciate the warm welcome into the family and your dedication to protecting wildlife! I’m thrilled to be adopting Moo Deng, and I’ll be donating 10 million Thai Baht initially, with the possibility of contributing more since I’ve set aside 88 Ether for Moo Deng and her friends. May they all have long, prosperous lives!” This version retains the original meaning but is written in a more natural and easy-to-read style.

Meanwhile, a meme coin named MOODENG was launched the same month based on its popularity. The creator of the token donated over 10 billion MOODENG tokens to Buterin.

Buterin, one of Ethereum’s co-founders, sold these tokens with the intention that the funds would support charitable endeavors. Consistently advocating for the beneficial use of meme coins globally, Buterin has previously highlighted the significance of employing such tokens to make substantial contributions.

After Ethereum co-founder Buterin’s 88 ETH contribution, MoodenG’s value surged by more than 70% within the last 24 hours. This digital coin has experienced a remarkable 125% rise this week. Buterin’s donation underscores how cryptocurrency projects with strong community backing, which are often perceived as speculative investments, can also contribute to charitable causes.

The Bright Side of Meme Coins

One instance showing how meme coins can promote kindness is the tale of Mira. In the early part of the year, Siqi Chen, creator of Runway, encountered a personal hardship.

Four-year-old Mira, daughter of Chen, received a diagnosis of a seldom-encountered brain tumor. Although this tumor was non-cancerous, its position in a vital area created considerable dangers.

Moved by the circumstances, a user named Waddles, who is part of the X community, developed the MIRA meme token on the Solana blockchain. Waddles committed half of this token’s total supply to Chen as a gesture of appreciation. In return, Chen promised to use all earnings from the token for funding research initiatives.

These instances demonstrate that meme coins, frequently considered merely as speculative investments, can leave enduring beneficial effects by fostering unity and contributing to charitable causes.

Read More

2024-12-26 21:48