Cryptocurrencies and animal welfare have never been more interconnected, with blockchain being used to fund and promote animal rights initiatives around the world.
At Thailand’s Khao Kheow Open Zoo, Ethereum co-founder Vitalik Buterin made headlines when he adopted Moo Deng, a juvenile pygmy hippopotamus. TO Donation of $10 million in Thai baht ($290,000) to the zoo’s conservation efforts is part of this touching gesture.
News of the adoption raised MOODENG token values by over 70%, suggesting growing interest in meme coins. Following the news, trading volume increased by 380%, implying that new investors joined the excitement around this special digital asset.
MOODENG Cryptocurrency Price Soars
He MOODENG price rose rapidly from about $0.0001228 to $0.0002417 in a matter of hours, illustrating how quickly market sentiment can fluctuate in response to positive news. Currently, the token is trading at approximately $0.0001958, which is a significant increase from its previous levels.
Beyond simply providing financial assistance, Buterin has committed to adopting Moo Deng and his family for a period of two years as part of the zoo’s program. Wildlife Sponsorship Program. This project not only demonstrates his dedication to animal welfare, but also positions him as a recognized figure in the crypto industry that supports humanitarian programs.
Thank you Vitalik Buterin. @VitalikButerin For joining the Wildlife Sponsorship Program and adopting Moo Deng with a generous donation of 10,000,000 THB for his family! We look forward to working with you over the next 2 years for the benefit of the Khao Kheow Open Zoo community and everyone… pic.twitter.com/Ykrr53Y2tZ
– Khao Kheow Open Zoo (@KhaokheowZoo) December 26, 2024
Contribution to charity
Buterin’s philanthropic efforts are well documented. He has donated large sums of money to various causes in the past, including funding efforts and contributions to the fight against COVID-19 within the Ethereum network.
His latest donation to Moo Deng is one of the best examples of how cryptocurrencies can be leveraged for social good. Buterin expressed his happiness at becoming Moo Deng’s adoptive father and stressed the importance of conservation efforts.
The donation will be disbursed in two installments: an immediate payment of 5 million THB and the rest will be paid within one year. This systematic approach ensures that the zoo can efficiently organize its conservation efforts while improving Moo Deng’s environment.
The way forward for Meme coins
The rise of MOODENG highlights a fascinating trend in the cryptosphere: meme coins are becoming platforms for philanthropic activities and community engagement, as well as speculative assets.
Buterin’s involvement has cultivated a perception of genuine community involvement and social responsibility, even though many view these tokens with skepticism due to their volatility.
The increased awareness of MOODENG’s association with animal welfare and Buterin’s philanthropic background may serve as a catalyst for other cryptocurrencies to emulate.
Featured image of San Diego Zoo, TradingView chart
Fountain: NewsBTC.com
