# Ethereum on-chain data analysis: ETH mainnet recovers, meme coins are active again

Recently, the on-chain data of the Ethereum (ETH) mainnet has shown obvious signs of recovery. According to the changes in gas fees over the past week, ETH's market vitality is recovering.

Ethereum co-founder Vitalik Buterin sold a large number of MOODENG tokens through KyberSwap and donated part of the proceeds to charities. This move not only raised the price of $MOODENG, but also attracted widespread attention from the community.

Although the market has mixed opinions on this "Vitalik advertising space" + "charity" model, the community power behind it cannot be ignored. Whether it is $MOODENG or other tokens, strong community cohesion is the key to its success.

ETH's meme coin project has shown unique advantages in content creation and community drive. Through the positive flywheel effect of "moving from virtual to real", ETH meme coins have not only gained attention in the market, but also embodied idealism and social responsibility in actual actions.

The recovery of the ETH mainnet and the activeness of meme coins indicate an optimistic outlook for the crypto market. I hope this positive cycle can continue and bring more positive impacts to the entire crypto ecosystem.