Ethereum co-founder Vitalik Buterin has made a significant contribution to Thailand’s Khao Kheow Zoo earlier today, pledging 10 million baht (approximately US$292,230) to support various initiatives.
The donation, structured in two installments of 5 million baht each ($146156.10), is earmarked for multiple purposes, including the zoo’s operational costs, wildlife funding programs, and the development of a special exhibition area dedicated to MOODENG and its family.Â
The first installment is scheduled for completion on December 26, 2024, while the second payment will be made by December 26, 2025, with the exact date to be announced later.
Wildlife Sponsorship Program and Zoo Development
The donation represents a significant commitment to wildlife conservation and zoo development, with Buterin formally joining the Wildlife Sponsorship Program and adopting MOODENG.
The Khao Kheow Zoo administration has expressed enthusiasm about this partnership, highlighting their plans to collaborate with Buterin over the next two years.
The collaboration aims to benefit both the Khao Kheow Open Zoo community and its visitors, demonstrating a long-term commitment to wildlife conservation and public education through the development of specialized exhibition areas.
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Market Impact on MOODENG Token
The announcement of Buterin’s donation has had a dramatic effect on the MOODENG cryptocurrency token.
Following the news of his donation and adoption, the token experienced a remarkable surge of over 70% in value. As of the latest market data, MOODENG is trading at $0.0001854, maintaining significant gains despite some profit-taking.
The token’s 24-hour trading volume has reached $30,989,145, with impressive growth metrics showing a 41.90% increase in the last 24 hours and an even more substantial 86.17% rise over the past week.
Current Market Status and Valuation
The MOODENG token’s market performance has been notably strong in the wake of this news.
With a circulating supply of 420 billion MOODENG tokens, the project currently holds a market capitalization of $78,626,238.
The valuation reflects both the immediate impact of Buterin’s involvement and the broader market’s positive reception to the news.
The substantial increase in both price and trading volume suggests significant market interest in the project, particularly following its association with such a prominent figure in the cryptocurrency space.
The sustained price levels, even after some retracement from peak gains, indicate a potentially lasting impact on the token’s market position.