Memecoins are known for their vibrant communities and immense loyalty among followers. These characteristics often lead to significant price increases when the market experiences a bull run. However, Moo Deng, a popular memecoin, has shown an unexpected rise of 70% in its price, defying the sluggish trends of major cryptocurrencies like Bitcoin, which is struggling to maintain its price above $95,000.
Vitalik Buterin's generous donation of 10 million THB seems to have played a pivotal role in this dramatic surge of Moo Deng, further highlighting the influence of prominent figures in the crypto industry.
