According to BlockBeats, the Ethereum-based meme coin EBULL has experienced a significant surge of over 2000% in the past 24 hours, with its market capitalization surpassing $17 million. This remarkable increase follows a social media post by Ethereum co-founder Vitalik Buterin, who expressed his gratitude towards meme coin projects that donate a portion of their token supply to charitable organizations. Buterin specifically mentioned that EBULL had made substantial donations to multiple groups last month.

BlockBeats advises users to exercise caution when investing in meme coins, as they typically lack practical use cases. Investors are encouraged to carefully assess the risks associated with such investments.