Ethereum co-founder Vitalik Buterin thanked two meme coin projects for their charitable donations and proposed the establishment of a DAO to increase community participation in decision-making processes. Following these statements, there were notable increases in the respective tokens.
Buterin shared on social media, “I am grateful to meme coin projects that donate directly to charities. For example, I saw Ebull donate large amounts of tokens to many groups last month.” He also stated that all tokens sent to him will be donated to charities and that 10 billion tokens received through Moodeng will be donated to the prevention and treatment of airborne diseases. Buterin emphasized that he believes that the best results of meme coins should provide the greatest positive effects to society.
Following these announcements, the meme coin EBULL on the Ethereum Blockchain gained more than 2000% during the day, and its market value exceeded $17 million. The token price increased by 2 zeros during the day to $0.0015. At the time of writing, EBULL was trading at $0.001365, up 1529% on a daily basis. In addition, the token’s trading volume increased by an impressive 7,640%, which shows the interest of investors in the token.
Another meme coin, MOODENG, gained more than 460% during the day, and its market value exceeded $98 million. Buterin’s statement, “Thanks to Moodeng, 10 billion tokens received today will be donated to the prevention and treatment of airborne diseases,” seems to have been effective in this increase. The MOODENG price rose to $0.00026, dropping one zero, and was trading at $0.0002542 at the time of writing, up more than 477% on a daily basis. The token’s trading volume also increased by a high of 272%, reflecting investors’ interest in MOODENG.