Cryptocurrency and animal welfare have never been so closely linked, with blockchain being used to fund and advance animal rights initiatives around the world.
Ethereum co-founder Vitalik Buterin gained media attention when he adopted a baby hippo named Moo Deng at the Khao Kheow Zoo in Thailand. As part of the heartwarming gesture, he donated 10 million baht ($290,000) to the zoo’s conservation efforts.
The news of the adoption caused the MOODENG token value to rise by more than 70%, indicating the growing interest in meme tokens. Trading volume surged 380% after the news broke, meaning new investors were joining the craze for this particular digital asset.
MOODENG Cryptocurrency Prices Soar
MOODENG’s price quickly increased from approximately $0.0001228 to $0.0002417 in a matter of hours, demonstrating that market sentiment can quickly swing on positive news. Currently, the coin is trading at around $0.0001958, which is a significant increase from previous levels.
In addition to providing financial assistance, Buterin has pledged to adopt Moo Deng and her family for two years as part of the zoo’s wildlife sponsorship program. This project not only demonstrates his dedication to animal welfare, but also makes him a well-known crypto industry figure who supports humanitarian projects.
Charitable Donations
Buterin is well known for his philanthropic work. He has donated large sums to many causes in the past, including funding anti-COVID-19 activities and donations 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 pleasure in becoming Moo Deng’s adoptive father and stressed the importance of conservation efforts.
The donation will be paid in two installments: 5 million baht immediately and the balance within a year. This systematic approach ensures that the zoo can organize conservation activities efficiently while improving the environment of Moo Deng.
The future of Meme Coin
The rise of MOODENG highlights an interesting trend in the cryptocurrency space: memecoins are becoming platforms for philanthropy and community engagement as well as speculative assets.
While many are skeptical of these tokens due to their volatility, Buterin’s involvement fosters a genuine sense of community involvement and social responsibility.
Growing awareness of MOODENG’s relationship to animal welfare and Buterin’s philanthropic background could serve as a catalyst for other cryptocurrencies to follow suit.
