[Blockchain News] According to BlockBeats, on October 7, the Meme coin MOODENG on the Ethereum chain rose by more than 460% in the past 24 hours, and its market value exceeded 98 million US dollars. It is worth noting that Ethereum co-founder Vitalik Buterin said on social media that any tokens sent to him will be donated to charity, and proposed the establishment of a DAO to allow the community to directly participate in decision-making and processes. Despite the strong market performance, BlockBeats reminds users that Meme coins have no real use cases and investment should be cautious.