Altcoin
Ethereum Co-Founder Vitalik Buterin Adopts Hippo Moo Deng, Price Jumps 70%
Ethereum co-founder Vitalik Buterin has become a foster parent of baby hippo Moo Deng, as per details shared by Khao Kheow Open Zoo on Thursday. As a result, MOODENG meme token on Ethereum jumped nearly 70% in just an hour, supported by a massive 275% jump in trading volume.
Ethereum Co-Founder Vitalik Buterin Donates 10 Million THB
According to an official post by Thailand’s Khao Kheow Open Zoo on December 26, Vitalik Buterin has joined the Wildlife Sponsorship Program and adopted famous pygmy hippo Moo Deng.
“I am delighted to accept your invitation to be Moo Deng’s adoptive father while she grows up, and to donate the zoo in her name no less than 10,000,000 THB.”
Ethereum co-founder donated 10,000,000 Thai baht to support Moo Deng and her family at the zoo. This came as a support for the Khao Kheow Open Zoo Wildlife Adoption Project. The layout plan shows a total build-up area of 1,600 square meters.
As per the letter by Vitalik Buterin, the donation will be made in two installments. The first donation will be completed today, December 26. Also, the remaining 5,00,000 THB is expected to be made within a year.
Ethereum co-founder Vitalik Buterin’s donation was a Christmas present. He has sent his ETH and even meme coins he received to charity. Recently, he appreciated meme coins that donate portions of their supply directly to charity, while also suggesting a DAO or directly engaging with charity.
MOODENG Price Soars 70%
MOODENG price jumped over 70% in the past 24 hours but pared earlier gains. The price currently trades at $0.0001942, with an intraday low and high of $0.0001206 and $0.0002446, respectively. Furthermore, the trading volume has skyrocketed by 300% in the last 24 hours, indicating a massive interest among traders.
Amid Ethereum co-founder Vitalik Buterin-led efforts, trading also shot up in the derivatives market. The total MOODENG futures open interest climbed 9% in 4 hours. The 415.61 million futures OI are now valued at $$115.42 million.
Crypto exchanges such as Coinbase have also shown support with listing the token. Meanwhile, Solana-based token MOODENG price is down more than 1% to $0.2772 in the last 24 hours.
Varinder Singh
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.
At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.
Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: