Vitalik Buterin provoked a sharp rise in the Moo Deng meme token

Note: not investment advice!

The Moo Deng cryptocurrency grew by 70% after the news that Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin, co-founder of Ethereum ETH $3,360.74 Bridged Ether (StarkGate) -0.81% Market capitalization $0.3 billion VOL. 24 hours $0.78 billion , took the behemoth under his own guardianship. The news spread quickly on social media and caused a stir among crypto investors, which contributed to the sudden jump in the token’s price.

Moo Deng, created as a meme cryptocurrency, was little known until now. But after the announcement of Buterin’s charitable deed, its popularity skyrocketed. Investors began to actively buy the token, raising its value and trading volume.

This case once again demonstrates how emotional reactions from the community and crypto influencers can affect the digital asset market. Cases similar to Moo Deng have already occurred with other meme tokens when news or celebrity actions have stimulated interest and speculation.

Experts warn investors against excessive hype. Despite the price increase, meme cryptocurrencies remain extremely volatile and risky assets that do not guarantee a stable income.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious cryptocurrency projects and little-known digital assets!