On October 7, COINOTAG reported a significant surge in the Meme coin **MOODENG** on the **Ethereum** blockchain, witnessing an impressive **460% increase** within just 24 hours. This rally propelled its **market capitalization** to over **$98 million**. The spike followed a public message from **Vitalik Buterin**, co-founder of Ethereum, who indicated that any tokens he receives would be allocated to charity initiatives aimed at combating airborne diseases. He emphasized the potential for creating a **Decentralized Autonomous Organization (DAO)**, encouraging community engagement in the philanthropic process. However, investors are advised to exercise caution, as **Meme coins** typically lack substantial use cases and can be highly volatile. Such speculative assets necessitate diligent risk assessment and strategic financial planning to safeguard against potential losses.
Source: https://en.coinotag.com/breakingnews/moodeng-soars-over-460-amid-charity-pledge-from-ethereums-vitalik-buterin-what-investors-need-to-know/