Meme coin MOODENG on the Ethereum blockchain has risen over 460% in the past 24 hours, with a market capitalization exceeding 98 million US dollars.

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BlockBeats News, on October 7th, according to market data, Meme coin MOODENG on the Ethereum blockchain rose over 460% in the past 24 hours, with a market capitalization surpassing 98 million US dollars. Previously, Vitalik Buterin, co-founder of Ethereum, stated on social media that "any token sent to me will be donated to charity (thanks to Moodeng, the 10 billion tokens received today will be donated to the technology for preventing airborne diseases), but I hope to donate the tokens directly to charitable organizations, maybe even establish a DAO to allow the community to participate directly in decision-making and processes." BlockBeats reminds users that Meme coins have no practical use cases, users need to be cautious in identifying them and pay attention to investment risks.

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