The renowned whale dimethyltryptamine.eth, known for turning a $45K investment into a staggering $25.2M with $PEPE, has jumped into the latest memecoin sensation: $MOODENG.
Just 14 hours ago, this savvy trader swapped 54 $ETH (worth $139K) for 2.105 billion $MOODENG tokens. The whale is already enjoying a profit of $62.5K (+45%).
In addition to $MOODENG, dimethyltryptamine.eth holds substantial stakes in other popular memecoins, including:
– 1.97 trillion $PEPE, valued at $20.2M, with an estimated total profit of $25.2M (+55,978%);
– 147.5 billion $MOG, worth $249K, with an estimated profit of $847K (+487%);
– 711.7 million $WOJAK, valued at $523K, with an unrealized profit of $276K (+109%).
Smart whale dimethyltryptamine.eth, who turned $45K into $25.2M with $PEPE, has joined the #MOODENG hype!
14 hours ago, the whale swapped 54 $ETH ($139K) for the first 2.105B #MOODENG (@moodengctoeth), now making $62.5K (+45%).
Besides MOODENG, this whale holds 3 other… pic.twitter.com/fYQCigl4NU
— Spot On Chain (@spotonchain) October 7, 2024
Ethereum founder Vitalik Buterin Appreciates Memecoins, Like $MOODENG
Meanwhile, Ethereum founder Vitalik Buterin has made headlines by selling 10 billion $MOODENG tokens for 308.69 $ETH (approximately $762K). He then transferred 260.16 $ETH ($642K) to the charity Kanro. Despite this sale, Vitalik still holds 40 billion $MOODENG tokens, currently worth an impressive $8M.
vitalik.eth(@VitalikButerin) sold 10B $MOODENG for 308.69 $ETH($762K) again and transferred 260.16 $ETH($642K) to the charity #Kanro 45 mins ago. #MOODENG
vitalik.eth still holds 40B $MOODENG, worth $8M!https://t.co/9qlzO4uzPG pic.twitter.com/hE9o9wNxoq
— Lookonchain (@lookonchain) October 7, 2024
Vitalik took to Twitter to express his appreciation for memecoins that contribute to charitable causes. He mentioned that he prefers communities to donate directly or even form decentralized autonomous organizations (DAOs) to make these donations more impactful. Vitalik highlighted that the 10 billion $MOODENG he sold would be going to fund anti-airborne disease technology.
I appreciate all the memecoins that donate portions of their supply directly to charity.
(eg. I saw ebull sent a bunch to various groups last month)
Anything that gets sent to me gets donated to charity too (thanks moodeng! The 10B from today is going to anti-airborne-disease…
— vitalik.eth (@VitalikButerin) October 7, 2024
He added, “I think the best thing for memecoins is if they can be maximally positive-sum for the world, so it’s great to see moments when that actually happens!”
As the hype around $MOODENG grows, traders and investors are keeping a close eye on its performance, while the token’s philanthropic ties continue to set it apart from other memecoins.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: dvigalet/123RF // Image Effects by Colorcinch
