Cryptocurrency and animal welfare have never been so closely linked, using blockchain to fund and promote global animal rights initiatives.
At Khao Kheow Zoo in Thailand, Ethereum co-founder Vitalik Buterin adopted a baby hippo named Moo Deng, attracting media attention. He donated 10 million baht ($290,000) to the zoo's conservation efforts as part of this heartwarming gesture.
The news adopted caused the value of the MOODENG token to rise by over 70%, indicating a growing interest in meme tokens. Once the news broke, trading volume surged by 380%, meaning new investors are flocking to this special digital asset.
The price of MOODENG cryptocurrency skyrockets
The price of MOODENG soared from about $0.0001228 to $0.0002417 within a few hours, indicating that market sentiment can fluctuate rapidly due to positive news. Currently, the trading price of the token is around $0.0001958, showing a significant increase compared to previous levels.
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 project not only demonstrates his dedication to animal welfare but also establishes him as a prominent figure in the crypto industry supporting humanitarian projects.
Charitable donations
Buterin's philanthropic efforts are well-known. He has previously donated large sums to many causes, including funding COVID-19 response efforts within the Ethereum network and donations.
His recent donation to Moo Deng is one of the best examples of using cryptocurrency for social good. Buterin expressed happiness at being the godfather of Moo Deng and emphasized the importance of conservation efforts.
Donations will be paid in two installments: an immediate payment of 5 million baht, with the balance to be paid within a year. This systematic approach ensures that the zoo can efficiently organize conservation activities while improving Moo Deng's environment.
The future path of Meme Coin
The rise of MOODENG highlights an interesting trend in the cryptocurrency space: meme coins are becoming platforms for charitable activities and community engagement, as well as speculative assets.
Despite many being skeptical due to the volatility of these tokens, Buterin's involvement fosters genuine community engagement and a sense of social responsibility.
Awareness of the relationship between MOODENG and animal welfare, as well as Buterin's charitable background, is increasing, which could become a catalyst for other cryptocurrencies to follow suit.
