MOODENG Meme Coin Surges 290% on Ethereum After Vitalik Buterin’s Major Trade

On October 5, recent market data reveal a substantial surge in the value of MOODENG, a meme coin on the Ethereum blockchain. Within a brief window of just 20 minutes, MOODENG’s value escalated by over 290%, pushing its market capitalization past an impressive $11 million. Notably, earlier in the day, co-founder of Ethereum, Vitalik Buterin, was involved in a significant transaction involving MOODENG. Through the KyberSwap platform, Buterin divested of 11.76 billion MOODENG tokens, converting them to approximately 21.033 ETH, which equates to around $50,900. It’s crucial for investors to recognize that meme coins like MOODENG generally lack intrinsic utility, and it’s imperative to conduct thorough due diligence while enthusiastically engaging the investment landscape of these digital assets.