In May, Vitalik Buterin burned all his SHIBs – they would be worth $ 28 billion today – cryptoast

Vitalik Buterin, unintentionally Shiba Inu (SHIB) lover

Ryoshi, the anonymous personality behind Shiba Inu, had sent half of SHIB supply to Vitalik Buterin during the creation of the cryptocurrency. He hoped that the founder of Ethereum kept them, and thus justified the choice in the whitepaper:

” We have sent over 50% of all tokens to Vitalik Buterin. There is no greatness without vulnerability, and as long as Vitalik Buterin does not “betray usra ” not, then Shiba will grow and survive. “

Except Vitalik Buterin didn’t particularly want to keep these tokens – or the other crypto-memes he receives regularly. He had sent 10% of the total sum to a charity which supports the fight against Covid-19 in India: this corresponded to $ 1.1 billion.

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Vitalik Buterin’s Lost Fortune in SHIB

The rest had been destroyed. Vitalik Buterin burned 90% of the SHIB received, or 410 241 billion tokens. At the time, that already amounted to a colossal sum of $ 7.3 billion. But today, these SHIBs would be worth 28 billion dollars.

Buterin had justified this choice for the sake of remaining neutral, and not to appear to favor a token. In addition, he had urged the community to stop sending him cryptocurrency of this nature without his consent. Buterin doesn’t particularly need money – he’s become a billionaire when Ether (ETH) first exceeded $ 3,000.

The SHIB madness continues

This little story shows the madness that has surrounded the Shiba Inu project from the start. the SHIB course grew by +89,762,524% in one year. The craze for canine altcoin seems to be based on nothing but speculation and a ” FOMO Devouring from investors.

It is of course impossible to predict whether the breakthrough of the SHIB will continue or if it is doomed to fall as quickly as it exploded. It currently overtakes its rival Dogecoin (DOGE) in terms of capitalization, and entered the top 10. Will it last? When it comes to altcoins-memes, uncertainty reigns supreme …

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