According to BlockBeats, on October 7, according to market data, the Meme coin MOODENG on the Ethereum chain rose by more than 460% in the past 24 hours, and its market value exceeded 98 million US dollars.

Earlier, Ethereum co-founder Vitalik Buterin posted on social media that "any tokens sent to me will be donated to charity (thanks to Moodeng, the 10 billion tokens received today will be donated to the prevention and treatment of airborne disease technology), but I would rather donate the tokens directly to charity, and perhaps set up a DAO to allow the community to directly participate in decision-making and processes."

BlockBeats reminds users that Meme coins have no actual use cases, and users need to carefully identify and pay attention to investment risks.