The ETHEREUM IS GOOD (ETH: $EBULL) meme coin aims to embody the bullish energy of the crypto industry. It has made numerous charitable donations in the past and recently made headlines when Vitalik Buterin donated his share of EBULL tokens to charity.
Vitalik Donates EBULL To Charity
The founder of Ethereum recently donated 500 million EBULL tokens, valued at $183K at the time, to charitable courses. Vitalik’s donations were part of a larger haul of coins that he gave away to charity. The news was revealed on an X post by Spot On Chain.
EBULL’s Charitable Work
Besides the donation by Vitalik, the EBULL has made numerous donations in the past. For instance, it donated $7,500 to help with disaster relief efforts after flooding in Bangladesh.
The team has also donated $10,000 to the Learnville App, which supports Web3 learnings, which is in line with the UN Sustainable Development Goal, SDG 4.
Furthermore, the team made a $30,000 donation to Web3Pak in Pakistan, which is the biggest Web3 community in Pakistan.
The EBULL team also donated $10,000 to the Beyond Mentors Community Care Initiative (BMCCI) in Nigeria, which offers social, economic, and educational development to girls, women, and young people.
Additionally, EBULL has made a $15,000 donation to help advance Pakistan’s food security, and another $15,000 to help with access to clean water. Lastly, the team donated $10,000 to the Methuselah Foundation, a biomedical charity working on prolonging lifespans.
Origins Of Ethereum Is Good (EBULL)
EBULL can trace its origins to an X post made on August 21, 2024, by Vitalik Buterin. In the post, which features a bull, Vitalik said he would focus more on bullposting and less on philosophizing. On October 7, 2024, Buterin praised the meme coin for its charitable work, which sent the token flying.
Ethereum Is Good (EBULL) Meme Coin Price Performance
Following Vitalik’s post on October 7, 2024, the price of EBULL jumped from just $0.0000714 to $0.00128 in less than 24 hours, a 1692.72% appreciation. As of October 13, the coin was up over 600% in the past seven days.
As the initial momentum has died down, the coin price has fallen to around $0.000524, which is an 85.59% discount to its all-time high price of $0.00363, achieved on September 1, 2024. The token has a maximum supply of 10 billion coins, with a market cap of $5.23M as of October 14, 2024.
Is EBULL A Good Investment Right Now?
EBULL, like most other meme coins, has experienced wild price swings in recent weeks. However, one thing that has worked for it is name recognition. Vitalik Buterin is one of the most followed names in the crypto world, and a single mention can help push a project to new heights.
In the past month alone, two pieces of news involving EBULL and Buterin have spread. As the community around this meme coin grows, it will contribute to a rise in value. Consequently, while its price has grown over 10X recently, Ethereum Is Good (EBULL) could potentially still grow in price as the community around it grows.
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