"I appreciate all the memecoins that donate portions of their supply directly to charity," Buterin said in an X post. "Anything that gets sent to me gets donated to charity too (thanks moodeng! The 10B from today is going to anti-airborne-disease tech), though I truly prefer if you guys send to charity directly, maybe even make a DAO and get your community directly engaged in the decisions and process."
Buterin's sale of 10 billion MOODENG tokens for 308.69 ETH, worth over $762K, was followed by a donation of 260 ETH, or $642,000, to the charity Kanro. His known Ethereum address still holds 40 billion MOODENG tokens valued at over $8 million, emphasizing his commitment to philanthropy through such transactions.
The MOODENG token experienced a price surge of nearly 500% in 24 hours following a social media mention by Ethereum co-founder Vitalik Buterin. Traders viewed Buterin's engagement as a positive catalyst for the memecoin community.
Traders interpreted Buterin's sale and a mention of the token on his X post as a sign of legitimacy, leading to a surge in MOODENG's price as it played into a larger upward trend, with the memecoin boasting gains exceeding 2,700% over the past week.
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