Cryptocurrency and animal welfare have never been more interconnected, using blockchain to fund and promote global animal rights initiatives.
At Khao Kheow Open Zoo in Thailand, Ethereum co-founder Vitalik Buterin adopted a young pygmy hippopotamus named Moo Deng, making headlines. His donation of 10 million Thai Baht ($290,000) to the zoo's conservation efforts is part of this heartwarming gesture.
The news of the adoption has increased the value of the MOODENG token by over 70%, indicating a growing interest in meme coins. Following the announcement, trading volume surged by 380%, suggesting that new investors are joining this unique digital asset.
Source: CoinMarketCap
MOODENG Crypto Price Soars
The price of MOODENG rapidly rose from around $0.0001228 to $0.0002417 within hours, indicating that market sentiment can react quickly to positive news. Currently, the token is trading at approximately $0.0001958, significantly higher than previous levels.
The total market cap of cryptocurrencies on the 24-hour chart is $3.26 trillion: TradingView.com
In addition to providing financial assistance, Buterin has also committed to adopting Moo Deng and her family for two years as part of the zoo's wildlife sponsorship program. This initiative not only showcases his dedication to animal welfare but also positions him as a prominent figure in the crypto industry supporting humanitarian initiatives.
Thanks to Vitalik Buterin @VitalikButerin for joining the wildlife sponsorship program and adopting Moo Deng, along with a generous gift of 10,000,000 Thai Baht for her family! We look forward to collaborating with you over the next two years to contribute to the Khao Kheow Open Zoo community for the benefit of all...pic.twitter.com/Ykrr53Y2tZ
— Khao Kheow Open Zoo (@KhaokheowZoo) December 26, 2024
Contributions to Charity
Buterin's charitable efforts are well-documented. He has previously donated significant funds to many causes, including funding and contributions to combat COVID-19 within the Ethereum network.
His recent donation to Moo Deng is one of the best examples of using cryptocurrency for social good. Buterin expressed his joy in becoming Moo Deng's adoptive father and emphasized the importance of conservation efforts.
The donation will be paid in two installments: an immediate payment of 5 million Thai Baht, with the balance to be paid within a year. This systematic approach ensures that the zoo can effectively organize its conservation programs while improving Moo Deng's environment.
Source: Khao Kheow Open Zoo
The Future Path of Meme Coins
The rise of MOODENG highlights a fascinating trend in the crypto space: meme coins are becoming platforms for charitable activities, community engagement, and speculative assets.
Buterin's involvement has fostered a genuine sense of community engagement and social responsibility, despite many being skeptical of these tokens due to their volatility.
The growing awareness of the association between MOODENG and animal welfare, as well as Buterin's charitable background, may serve as a catalyst for other cryptocurrencies to emulate them.