Ethereum co-founder Vitalik Buterin has adopted the popular pygmy hippo, Moo Deng, donating $300,000 to the Khao Kheow Open Zoo in Thailand.
This has resulted in renewed interest in the Moo Deng coin, which is up by nearly 12% over the past week. Some smart money investors view it as one of the best meme coins to buy now.
Other low-cap meme coins are also in significant demand, owing to their high upside potential. For instance, prominent investors are viewing Meme Index (MEMEX) as the next 10x meme coin.
Vitalik Buterin revealed that was impressed by the “wonderful” Thai hospitality during the recently concluded Ethereum’s annual developer conference.
In exchange, he accepted an invitation to become Moo Deng’s “adoptive father”, donating 10 million Thai Baht, worth nearly $300k, as part of the zoo’s Wildlife Sponsorship Program.
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
In his recent X post, Vitalik also indicated that he could send more Ethereum for Moo Deng and her family.
While this isn’t exactly an endorsement of the Moo Deng coin, the bulls are touting this as a victory. As such, the token price is up by nearly 12% over the past week.
As such, MOODENG has strong fundamentals. For starters, it is an extremely popular meme coin, considering it is inspired by the cute pygmy hippo that went viral online earlier this year. The hippo was even featured on the popular late-night show, Saturday Night Live.
Moreover, it has secured the backing of prominent Tier-1 CEXs, including a Coinbase spot listing earlier this month as well as a Binance Futures listing. Rumours are rife that a Binance spot listing is imminent.
Unsurprisingly, experts are viewing Moo Deng as one of the best crypto to buy now, particularly when it re-tests its 0.786 Fibonacci level.
#MOODENG I think this is pretty reasonable trade here.Buy at 0.786 level – > sell at new ATH. https://t.co/5N4JlWs8An pic.twitter.com/JoWawuRcqW
— G O N Z O (@GonzoXBT) December 26, 2024
A growing number of smart money investors appear confident that the meme coin will reach $1 in the upcoming meme coin supercycle.
Low-cap meme tokens have also caught the attention of savvy investors as they hunt for 100x returns in the coming meme coin mania.
For instance, Meme Index (MEMEX) is creating quite a buzz in its presale and has raised nearly $700k in its ICO.
As the name suggests, Meme Index will soon launch the first-ever decentralized meme coin index funds, offering a broader market exposure along with a protective layer of community governance.
MEMEX holders will have their pick — they can select any of the 4 meme coin baskets, considering each’s risk-reward ratio and their own risk appetite. There is the Meme Titan Index featuring large-caps, the Meme Moonshot Index comprising tokens with just under $1 billion valuation, the Meme Midcap Index and the Meme Frenzy Index, featuring low-caps that have strong community support.
Notably, MEMEX holders will vote on which meme coins will be included in the aforementioned baskets. This will allow them to benefit from projects that they may have otherwise missed out on, thanks to the power of community intelligence.
Already, early MEMEX buyers are earning a reward rate of over 3000% from the Meme Index’s presale staking pool.
Prominent investors are bullish on MEMEX’s upside potential, with many calling it the next 10x meme coin.
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