As a seasoned crypto investor with years of experience under my belt, I must admit that Vitalik Buterin’s recent endorsement of memecoins with charitable intentions has piqued my interest. Having witnessed the volatile and often unpredictable nature of the cryptocurrency market, it’s refreshing to see a prominent figure like Buterin emphasize the potential for positive social impact within this realm.
Earlier today, Ethereum co-founder Vitalik Buterin expressed his appreciation for memecoin projects that donated portions of their token supply to charitable causes.
On Twitter regarding X, Buterin commended “Ebull” for donating a substantial portion of its tokens to numerous charities last month. He applauded this act and underscored the capacity of memecoins to foster a positive change within our society.
As a researcher, I firmly believe that the ideal state for meme coins lies in their ability to contribute positively to our global community. It’s truly heartening to witness instances where this goal is achieved!
he said in his tweet.
Buterin, too, emphasized that any meme-based tokens sent to him would be generously donated to charitable causes. Not long ago, he received a staggering 10 billion tokens from the Moodeng meme coin, which he graciously used to aid in the battle against airborne diseases.
Instead, he prompted developers to channel their tokens straight towards charities without routing them through him. His recommendation was for them to establish a collective entity known as a Decentralized Autonomous Organization (DAO), which would empower the community to determine charitable donations.
Price Surge Following Vitalik’s Appreciation
Following a tweet from Buterin, the price of Ebull skyrocketed by more than 2,000%, reaching a trading value of 0.001618. This significant increase resulted in a remarkable market cap surge of 1618% to an impressive $12 million, as reported by CoinMarketCap.
Additionally, Moodeng experienced a surge in price, with an impressive rise of over 470% during that timeframe. Currently, the memecoin is being traded at approximately $0.0002039. Its market value has escalated to a significant $85 million, and its trading volume has expanded by a substantial 364%.
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2024-10-07 18:44