Ethereum Co-Founder Vitalik Buterin’s Hippo Adoption Spurs MOODENG Rally as Trading Volume Soars 300%

Vitalik Buterin’s adoption of pygmy hippo Moo Deng and his $280K donation to Thailand’s Khao Kheow Open Zoo have sparked a crypto frenzy. MOODENG prices surged 70 percent, with trading volume soaring 300 percent in the past 24 hours.

Vitalik Buterin Joins Wildlife Sponsorship Program

Vitalik Buterin has joined the Wildlife Sponsorship Program and adopted Moo Deng, a renowned pygmy hippo, according to an official post by Thailand’s Khao Kheow Open Zoo on December 26.

“I am delighted to accept your invitation to be Moo Deng’s adoptive father while she grows up, and to donate the zoo in her name no less than 10,000,000 THB.”

The zoo received a donation of 10,000 Thai baht from an Ethereum co-founder in support of Moo Deng and her family. The Khao Kheow Open Zoo's Wildlife Adoption Project received this as a form of sponsorship. An overall build-up area of 1,600 square meters is depicted in the layout design.

Vitalik Buterin's Donation Plan in Detail

Both payments will be made in accordance with Vitalik Buterin's letter. Today, December 26, will mark the completion of the first donation. It is also anticipated that the remaining 5,00,000 THB will be made within a year.

Vitalik Buterin, co-founder of Ethereum, gave the cryptocurrency as a gift for Christmas. He donated his Ethereum and whatever meme currency he got to a good cause. Most recently, he found value in meme coins that allocate a portion of their supply to charitable causes; he also proposed a decentralized autonomous organization (DAO) or engaged with charities directly.

MOODENG Price Surges After Adoption Announcement

Although it reduced early gains, the price of MOODENG increased by more than 70% in the last day. The price is trading at $0.0001942, having swung between an intraday low of $0.0001206 and a high of $0.0002446. In addition, there has been a tremendous amount of interest among traders, as the trading volume has increased by 3000% in the past 24 hours, Coingape points out.

Derivatives market trading also increased dramatically during the initiatives spearheaded by Vitalik Buterin, co-founder of Ethereum. Complete open interest in MOODENG futures rose 9 percent in just four hours. Presently, the 415.61 million futures OI are worth $115.42 million.

Listing the token has also received support from crypto exchanges like Coinbase. At the same time, the price of MOODENG, a token based on Solana, has dropped over 1% in the past 24 hours to $0.2772.