Meme Coins Surge as Vitalik Buterin's Donations Boost Moo Deng's Popularity

Ethereum co-founder Vitalik Buterin sells billions of Moo Deng tokens, driving up interest and prices in the volatile meme coin market.

A Solana trader who turned $800 into $10 million with Moo Deng meme coins faces challenges in cashing out due to market illiquidity.
Vitalik Buterin sold 10 billion Ethereum-based Moo Deng tokens, donating the proceeds to anti-airborne-disease technology.
Following Buterin's sale and social media mention, the price of Moo Deng on Ethereum surged nearly 500% in 24 hours.
The Solana-based Moo Deng coin has seen its value drop by 65% from its peak, highlighting the volatility of meme coins.
Buterin's actions underscore his belief that meme coins can be used for positive-sum purposes, promoting charitable causes.