Cryptocurrency and animal welfare have never been more interconnected, using blockchain to fund and promote global animal rights initiatives.
At Thailand's Khao Kheow Open Zoo, Ethereum co-founder Vitalik Buterin adopted a baby pygmy hippo named Moo Deng, making headlines. Donating 10 million THB ($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 growing interest in meme coins. Following the announcement, trading volume surged by 380%, suggesting a wave of new investors entering this unique digital asset.
Source: CoinMarketCap
MOODENG Crypto Price Surge
The price of MOODENG rapidly rose from around $0.0001228 to $0.0002417 within a few hours, indicating that market sentiment can react sharply to positive news. Currently, the token is trading at approximately $0.0001958, significantly higher than previous levels.
The total market capitalization of cryptocurrencies on the 24-hour chart is $3.26 trillion: TradingView.com
In addition to providing financial assistance, Buterin has 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.
Thank you Vitalik Buterin @VitalikButerin for joining the wildlife sponsorship program and adopting Moo Deng, and for your generous gift of 10,000,000 THB for her family! We look forward to collaborating with you over the next two years to contribute to the Khao Kheow Open Zoo community and 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 substantial amounts to various 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 utilizing cryptocurrency for social good. Buterin expressed his joy in becoming the guardian of Moo Deng and emphasized the importance of conservation work.
The donation will be made in two installments: an immediate payment of 5 million THB, with the balance 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 of Meme Coins
The rise of MOODENG highlights a fascinating trend in the crypto space: meme coins are becoming platforms for charitable activities and community engagement, as well as speculative assets.
Buterin's involvement cultivates a genuine sense of community engagement and social responsibility, despite many being skeptical of these tokens due to their volatility.
The increasing awareness of MOODENG's association with animal welfare and Buterin's charitable background may catalyze other cryptocurrencies to follow suit.