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What is happening between SHIB and Vitalik? | TICKER VIEWS

Published

3 years ago

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Ethereum creator Vitalik

Vitalik donates $1B worth of Shiba Inu coin to India

Firstly a bit of context: last week, Etherum’s co-founder Vitalik Buterin donated $1 billion worth of Shiba Inu coin to a COVID-19 relief fund in India.

But the massive donation spooked buyers, causing Shiba Inu Coin to plummet.

Shib Informer said in a private chat that many people distrust the Ethereum founder, for “no good reason.”

They added that buyers were becoming increasingly concerned that the currency is at the ‘mercy of a millionaire kid now,’ much like Dogecoin is beholden to Elon Musk.

However, SHIB welcomed Vitalik’s actions, saying that he is “not dumping our token” by “acknowledging a humanitarian crisis” in a recent open letter.

Vitalik destroys 90% of his SHIB coins

Vitalik has since burned 90% of his $SHIB wallet, now owning 5% rather than 45%. The currency has since risen approximately 12%.

The owner of the Shib Informer Twitter account said in a private message:

“Imagine that you own half of the dollars in the world, and you put them all in a room put gasoline and burn it. The remaining money in the world will rise in price, right? That is what happened.”

What is Shiba Inu Coin?

The “Shiba Inu coin” also known as SHIB coin or $SHIB is rising in popularity. Much like Dogecoin – it started out as a meme, but now crypto investors are seeing some potential.

Shiba was founded by the mysterious Ryoshi, in 2020. 

Shibu Inu coin can be bought as tokens directly from their website, or through popular third parties like the Uni-swap platform.

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Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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5 Comments

5 Comments

  1. Fernando silva

    May 17, 2021 at 10:06 pm

    Awesome article.

  2. Mohsen

    May 17, 2021 at 8:54 pm

    Don’t miss the train of $SHIB. Vitalik burned 90% of his tokens and Shibaswap is coming soon
    Buy $shib now
    #SHIB #vitalik #ShibaSwap #ShibaArmy #SHIBatoken #shibcoin

  3. Gggg

    May 17, 2021 at 8:24 pm

    #SHIBARMY
    @ShibaSwap
    @elonmusk
    @JeffBezos
    @ShytoshiKusama
    @cz_binance
    #SHIBatoken
    #shiba_swap
    #shiba
    #shiba_swap
    #shibatoken
    #ShibaArmy
    #shibainutoken
    @nbcsnl

  4. Shiba Commander

    May 17, 2021 at 7:27 pm

    #shiba to the moon! $SHIB is the new Humanitarian Crypto thanks to VB’s donation! #Shiba

  5. Oscar

    May 17, 2021 at 3:34 pm

    It can be bought on over 80 exchanges and is the fastest moving new coin to ever enter the market in terms of exposure, followers and increase in coin value

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