Vitalik Buterin donated 10 million Thai Baht to Moo Deng’s Khao Kheow Zoo in Thailand.
The Ethereum Founder also adopted Moo Deng and its family for 2 years.
MOODENG token price soared by over 70% in a few hours after the news came to light.
Memecoins have never failed to surprise the industry with their super active community and loyal follower base. When the market goes on a bull run, memecoins follow the trend and record substantial price surges. However, Moo Deng memecoin soared 70% today even when Bitcoin struggles to stay above the $95K price range.
Thank you Vitalik Buterin @VitalikButerin for joining the Wildlife Sponsorship Program and adopting Moo Deng with a generous gift of 10,000,000 THB for her family! We look forward to working with you over the next 2 years for the benefit of the Khao Kheow Open Zoo community & all… pic.twitter.com/Ykrr53Y2tZ
— สวนสัตว์เปิดเขาเขียว Khao Kheow Open Zoo (@KhaokheowZoo) December 26, 2024
The reason behind Moo Deng’s dramatic price rise is Ethereum co-founder Vitalik Buterin’s generous donation to the Hippo’s Khao Kheow Zoo in Thailand. As per the official post on X from Khao Kheow Zoo, Vitalik Buterin joined the Wildlife Sponsorship Program and adopted baby Moo Deng, donating 10 million in Thai Baht to its family.
Vitalik Buterin even sent a confirmation letter to the Zoo, stating he is excited to learn plans of improvement for the zoo and particularly, for pygmy hippopotamus habitat. Expressing gratitude for the warm welcome the Zoo authorities has provided during his visit, Vitalik Stated,
“I am delighted to accept your invitation to be Moo Deng’s adoptive father while she grows up, and to donate to the Zoo in her name, no less than 10,000,000 THB. I very much look forward to seeing Moo Deng live long and prosper, and how, alongside her, our family and community also thrive.”
The donation will be made in two installments each worth 5 million THB. While the first one will be made on December 26 as a Christmas present, the second one will be made within less than a year from today.
MOODENG Soared Over 70% With a 380% Rise in Volume
MOODENG (moodeng.vip) Price (Source: CoinMarketCap)
Within a few hours after the announcement of Vitalik Buterin’s donation, MOODENG token went on a sharp price surge of over 70%. The token is currently trading at around $0.0001958 and went to as high as $0.0002417 from the lows of $0.0001228 today. While the market cap is $80 million, with a 53% surge, trading volume increased by more than a staggering 380% today.
Moo Deng has made waves in the industry with an adorable pygmy hippopotamus animal behind the creation of the token. The token listing announcements from top crypto exchanges caused the MOODENG price to increase by 90% at the beginning of the month.
However, there are multiple tokens under the same ticker, which implies an extra caution is needed for investors while trading the memecoin. When Vitalik’s donation becomes an old tale, we might see a price correction and wait for the next big news around Moo Deng or a bull run to witness another MOODENG price rally.
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