$MEME
The Meme coin market is soaring!
EBULL and MOODENG lead the rise!
On October 7, the Meme coin market on the Ethereum chain has experienced explosive growth recently! Among them, EBULL coin has risen amazingly in the past 24 hours, soaring by more than 2,000%, and its market value has soared, easily breaking through the $17 million mark.
Another popular Meme coin, MOODENG, is not to be outdone, with a rise of 460% in the same period, and its market value has exceeded $98 million.
Ethereum co-founder Vitalik Buterin praised these Meme coin projects on social media, especially those that donated some tokens directly to charities. He gave an example that Ebull generously donated a large number of tokens to multiple groups last month. Regarding the tokens sent to him,
Vitalik said he would donate them to charity, and called on the project to donate the tokens directly to charity, and even proposed to set up a DAO to allow the community to participate more in decision-making and processes.
However, although the Meme coin market is hot, investors still need to be vigilant. Meme coins have no actual use cases, and market fluctuations may be extremely large. While pursuing high returns, investors should also pay attention to identifying risks and making cautious decisions.
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