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Vitalik Buterin, co-founder of Ethereum 
$2,586, made significant remarks regarding popular memecoin projects in the cryptocurrency world. In a recent post on the X platform, he praised the MOODENG memecoin, stating that he donated all the tokens sent to him to charity.
MOODENG Sets an Example
Buterin emphasized the importance of memecoin projects donating some of their proceeds to charitable organizations. He specifically highlighted the MOODENG community, saying, “The 10 billion MOODENG tokens sent to me today were donated to support technologies developed against airborne diseases.” This demonstrated that such projects can go beyond entertainment and take serious social responsibility steps.
Buterin also called upon memecoin communities to take action, stating, “Direct donations are much more effective. You could even establish a DAO to involve your community in these processes.” He highlighted the importance of including communities in decision-making processes.
How Effective Can Memecoin Projects Be?
Buterin often draws attention to the significance of charity-focused projects in the cryptocurrency realm. In his post, he mentioned, “Memecoins can provide positive contributions to the world. It is wonderful to see such examples.” This statement reminds us that cryptocurrencies can yield positive results for the world, not just speculation.
This development reiterates that memecoins are not only speculative investment tools but also projects with the potential to provide societal benefits.
According to data provided by the crypto data and price platform CoinMarketCap, the MOODENG coin was trading at $0.1227, down 7.1% in the last 24 hours at the time of writing. The data also shows that the memecoin reached its all-time high of $0.3387 just nine days ago, on September 28.
