The post Aussie Hero Meme Coin Drives Aid For Sydney Attack Victims appeared on BitcoinEthereumNews.com. A meme coin called HERO has gained traction over the pastThe post Aussie Hero Meme Coin Drives Aid For Sydney Attack Victims appeared on BitcoinEthereumNews.com. A meme coin called HERO has gained traction over the past

Aussie Hero Meme Coin Drives Aid For Sydney Attack Victims

A meme coin called HERO has gained traction over the past few days, created in honor of a man who helped disarm one of two attackers during a deadly assault at a Hanukkah celebration in Sydney, Australia, over the weekend.

The token briefly reached a market capitalization of $1.7 million. The team behind the initiative says the project will donate all creator fees to support the victims of the attack.

HERO Launched to Support Bondi Victims

A grassroots initiative has gathered momentum following the terrorist attack at Bondi Beach on Sunday, which left 15 people dead and at least 42 others injured.

Sponsored

Sponsored

An individual known as DefiANT on X launched the HERO meme coin in honor of Ahmed al-Ahmed, a 43-year-old fruit shop owner who managed to disarm one of the attackers during the incident.

According to DexScreener, HERO runs on Solana and currently has a market capitalization of $180,000. The meme coin was created via Pump.Fun and reached a peak of nearly $1.7 million in market cap. Although the meme coin was launched on the same day as the attack, the original developer rugged the project and later abandoned it.

Since then, the community has taken over stewardship of the token, with DefiANT emerging as the primary driving force. It has since evolved into a fully community-led initiative, with all proceeds dedicated to supporting the victims.

GoFundMe Page Created By the Meme Coin Community

Fundraising Campaign Surpasses $2.3 Million Mark

Alongside the token, the team launched a parallel GoFundMe campaign to raise funds for those affected by the attack.

According to the fundraising page, nearly 40,000 contributors have collectively raised over $2.3 million. The campaign has set a target of $3.1 million.

HERO Meme Coin Price Chart. Source: DexScreener

The official HERO website states that donations will be distributed to victims in multiple tranches. DefiANT also confirmed on social media that 47,000 Australian dollars have already been donated to individuals impacted by the attack. 

Source: https://beincrypto.com/aussie-hero-meme-coin-support-sydney-attack-victims/

Market Opportunity
Memecoin Logo
Memecoin Price(MEME)
$0.000982
$0.000982$0.000982
-4.38%
USD
Memecoin (MEME) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto Market Cap Edges Up 2% as Bitcoin Approaches $118K After Fed Rate Trim

Crypto Market Cap Edges Up 2% as Bitcoin Approaches $118K After Fed Rate Trim

The global crypto market cap rose 2% to $4.2 trillion on Thursday, lifted by Bitcoin’s steady climb toward $118,000 after the Fed delivered its first interest rate cut of the year. Gains were measured, however, as investors weighed the central bank’s cautious tone on future policy moves. Bitcoin last traded 1% higher at $117,426. Ether rose 2.8% to $4,609. XRP also gained, rising 2.9% to $3.10. Fed Chair Jerome Powell described Wednesday’s quarter-point reduction as a risk-management step, stressing that policymakers were in no hurry to speed up the easing cycle. His comments dampened expectations of more aggressive cuts, limiting enthusiasm across risk assets. Traders Anticipated Fed Rate Trim, Leaving Little Room for Surprise Rally The Federal Open Market Committee voted 11-to-1 to lower the benchmark lending rate to a range of 4.00% to 4.25%. The sole dissent came from newly appointed governor Stephen Miran, who pushed for a half-point cut. Traders were largely prepared for the move. Futures markets tracked by the CME FedWatch tool had assigned a 96% probability to a 25 basis point cut, making the decision widely anticipated. That advance positioning meant much of the potential boost was already priced in, creating what analysts described as a “buy the rumour, sell the news” environment. Fed Rate Decision Creates Conditions for Crypto, But Traders Still Hold Back Andrew Forson, president of DeFi Technologies, said lower borrowing costs would eventually steer more money toward digital assets. “A lower cost of capital indicates more capital flows into the digital assets space because the risk hurdle rate for money is lower,” he noted. He added that staking products and blockchain projects could become attractive alternatives to traditional bonds, offering both yield and appreciation. Despite the cut, crypto markets remained calm. Open interest in Bitcoin futures held steady and no major liquidation cascades followed the Fed’s decision. Analysts pointed to Powell’s language and upcoming economic data as the key factors for traders before building larger positions. Powell’s Caution Tempers Immediate Impact of Fed Rate Move on Crypto Markets History also suggests crypto rallies after rate cuts often take time. When the Fed eased in Dec. 2024, Bitcoin briefly surged 5% cent before consolidating, with sustained gains arriving only weeks later. This time, market watchers are bracing for a similar pattern. Powell’s insistence on caution, combined with uncertainty around inflation and growth, has kept short-term volatility muted even as sentiment for risk assets improves. BitMine’s Tom Lee this week predicted that Bitcoin and Ether could deliver “monster gains” in the next three months if the Fed continues on an easing path. His view echoes broader expectations that liquidity-sensitive assets will outperform once the cycle gathers pace. For now, the crypto sector has digested the Fed’s move with restraint. Traders remain focused on signals from the central bank’s October meeting to determine whether Wednesday’s step marks the beginning of a broader policy shift or just a one-off adjustment
Share
CryptoNews2025/09/18 13:14
Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance

Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance

TLDR Ethereum focuses on quantum resistance to secure the blockchain’s future. Vitalik Buterin outlines Ethereum’s long-term development with security goals. Ethereum aims for improved transaction efficiency and layer-2 scalability. Ethereum maintains a strong market position with price stability above $4,000. Vitalik Buterin, the co-founder of Ethereum, has shared insights into the blockchain’s long-term development. During [...] The post Vitalik Buterin Reveals Ethereum’s Long-Term Focus on Quantum Resistance appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:31
Federal Reserve Officials Forecast 2025 Rate Cuts

Federal Reserve Officials Forecast 2025 Rate Cuts

Detail: https://coincu.com/markets/federal-reserve-2025-rate-cuts/
Share
Coinstats2025/09/18 13:11