Moo Deng Crypto Climbs 70% On News Of Buterin’s Baby Hippo Adoption
Crypto and animal welfare have never been more interconnected, using blockchain to fund and promote animal rights initiatives around the globe.
At Thailand’s Khao Kheow Open Zoo, Ethereum co-founder Vitalik Buterin made headlines when he adopted Moo Deng, a juvenile pygmy hippopotamus. A $10 million Thai Baht ($290,000) donation to the zoo’s conservation efforts is part of this heartwarming gesture.
News of the adoption raised MOODENG token values over 70%, suggesting growing interest in meme coins. Following the news, trading volume surged by 380%, implying that fresh investors jumped in to join the thrill around this special digital asset.
MOODENG Crypto Price Shoots Up
The price of MOODENG rapidly increased from approximately $0.0001228 to $0.0002417 within a matter of hours, illustrating the rapidity with which market sentiment can fluctuate in response to positive news. Currently, the token is trading at approximately $0.0001958, which is a significant increase from its previous levels.
Beyond just providing financial assistance, Buterin has committed to adopting Moo Deng and her family for a two-year period as part of the zoo’s Wildlife Sponsorship Program. This project not only demonstrates his dedication to animal welfare but also positions him as a well-known crypto industry figure who supports humanitarian programs.
Thank you Vitalik Buterin @VitalikButerin for joining the Wildlife Sponsorship Program and adopting Moo Deng with a generous gift of 10,000,000 THB for her family! We look forward to working with you over the next 2 years for the benefit of the Khao Kheow Open Zoo community & all… pic.twitter.com/Ykrr53Y2tZ
— สวนสัตว์เปิดเขาเขียว Khao Kheow Open Zoo (@KhaokheowZoo) December 26, 2024
Contribution To Charity
Buterin’s philanthropic efforts are well-documented. He has donated large sums of money to a number of causes in the past, including funding efforts and contributions to the fight against COVID-19 within the Ethereum network.
His latest donation to Moo Deng is one of the best examples through which cryptocurrency can be leveraged for social good. Buterin stated his happiness about becoming the adoptive father of Moo Deng and underscored the importance of conservation efforts.
The donation will be disbursed in two installments: an immediate payment of 5 million THB, with the balance to be paid within one year. This systematic method guarantees that the zoo can efficiently organize its conservation initiatives while simultaneously improving Moo Deng’s environment.
The Road Ahead For Meme Coins
The rise of MOODENG highlights a fascinating trend in the cryptosphere: meme coins are becoming platforms for philanthropic activities and community involvement as well as speculative assets.
Buterin’s involvement has cultivated a perception of genuine community involvement and social responsibility, despite the fact that many view these tokens with skepticism due to their volatility.
The increased awareness of MOODENG’s association with animal welfare and Buterin’s philanthropic background may serve as a catalyst for other cryptocurrencies to emulate them.
Featured image from San Diego Zoo, chart from TradingView
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While Bitcoin, Ethereum and Altcoins Continue to Fall, Binance Experienced Serious Changes! Did the Exchange Take a Position According to Market Conditions?
Bitcoin Slips to $96K Amid $1.52B ETF Outflows and MicroStrategy’s $42B Plan
Bitcoin (BTC) traded at $96,346 on Friday, marking a 2.05% decline in the last 24 hours, as institutional and retail investors navigate mixed signals. Global cryptocurrency market capitalization stood at $3.42 trillion, reflecting a 0.26% dip.
Recent volatility is attributed to ETF outflows totaling $1.52 billion over the past four days, signaling institutional caution, while bullish news such as Russia’s plan to adopt BTC in foreign trade supports positive sentiment.
Despite these dynamics, BTC has faced resistance at $98,300, with support levels forming at $94,735 and $92,105. Analysts point to Bitcoin’s correlation with the S&P 500, growing Ether ETF inflows worth $2.5 billion, and MicroStrategy’s aggressive buying strategy as key indicators for Bitcoin’s medium-term outlook.
MicroStrategy’s $42 Billion Expansion Sparks Bullish Hopes
MicroStrategy is poised to reshape Bitcoin’s demand landscape with its bold $42 billion expansion strategy. The company seeks shareholder approval to raise $21 billion each through equity and debt to fund large-scale BTC purchases. Its “21/21 Plan” aims to enhance its BTC holdings significantly, with a December purchase of 42,000 BTC worth $4 billion already completed.
This aggressive approach has propelled MicroStrategy into the Nasdaq 100 and bolstered institutional confidence in BTC. While MicroStrategy’s current yield on BTC holdings is 17.8%, the company plans to moderate this to 6-10% by 2027, reflecting a balanced growth strategy.
Analysts anticipate that the company’s continued buying spree will exert upward pressure on BTC prices, supporting a potential rally.
Israel Enters Bitcoin Mutual Funds Market
Israel’s imminent launch of six BTC mutual funds by December 31 represents a major milestone in crypto adoption. Approved by the Israel Securities Authority (ISA), these funds cater to growing local demand for crypto investments.
Managed by firms like Migdal Capital Markets and Phoenix Investment, the funds offer management fees between 0.25% and 1.5% and allow transactions in the local shekel currency. This initiative coincides with Israel’s push for digital finance innovation, including its central bank digital currency (CBDC) project.
Globally, BTC-focused investment products have gained traction, with U.S. Bitcoin ETFs attracting $6.7 billion in inflows in December alone. Analysts believe Israel’s BTC mutual funds will boost local investor participation and institutional confidence, potentially fueling Bitcoin’s global adoption.
— Arslan Ali (@forex_arslan) December 27, 2024
Daily Technical Outlook: BTC/USD
Bitcoin at $96,346 faces resistance at $98,300 & support at $94,735. Bearish momentum may push it to $92,105.
RSI at 42 signals weak momentum. 50-EMA at $97,590 adds pressure. Watch these levels! #Bitcoin #Crypto pic.twitter.com/4YQjMg9sBM
Bitcoin Price Outlook; Downward Trendline Limit Upside Movement
Bitcoin trades at $96,346, facing downward pressure. A key resistance lies at $98,300, with immediate support at $94,735 and potential downside to $92,105 if bearish momentum persists.
The 50-day EMA at $97,590 reinforces near-term bearish sentiment, while RSI at 42.78 suggests weak momentum. Traders should monitor these levels closely.
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Flockerz Presale Surpasses $7.9M: Last Hours to Join
With just over 26 days remaining, Flockerz ($FLOCK) has successfully surpassed its original presale target, raising $7.94 million. The token’s price has slightly increased to $0.00653, maintaining its appeal with innovative staking rewards and a community-centric Vote-to-Earn (V2E) model.
This framework empowers holders to partake in project decisions while earning rewards, encouraging sustained engagement.
Impressive Staking and Security Features
Flockerz offers staking with a remarkable 436% APY, adjusted per ETH block, extendable over two years. To ensure security, the project has undergone rigorous audits by Coinsult and SolidProof, underscoring its reliability and potential.
Come as you are, as you were, as you want the flock to be.
— Flockerz (@FlockerzToken) December 26, 2024
The flock welcomes anyone and everyone!pic.twitter.com/fYDBKu9RjR
Flockerz’s Projected Impact in 2025
Esteemed analysts and influencers like ClayBro have spotlighted Flockerz as a promising player in the meme coin sector, likening it to successes such as $CHILLGUY, famed for impressive returns. Such attention has heightened retail interest and driven considerable presale success.
Key Highlights:
- Presale Achieved: $7.94M, surpassing expectations.
- Current Token Price: 1 $FLOCK = $0.00653.
- Staking Rewards: Up to 436% APY.
- V2E Model: Earn while participating in decisions.
The post Bitcoin Slips to $96K Amid $1.52B ETF Outflows and MicroStrategy’s $42B Plan appeared first on Cryptonews.
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