Vitaly Buterin, one of the creators of the Ethereum cryptocurrency and the youngest cryptocurrency billionaire in the world, destroyed 90% of the virtual coins Shiba Inu (SHIB) donated to him, or “meme-coins, as the coin is called on the network, and he promised to send the remaining 10% to charity. – Coindesk has written about this with reference to Etherscan resources. To destroy the coins presented to him, Vitaly sent 410 trillion virtual coins to a virtual address that no one has access to – in fact, he took them out of circulation. It is important to clarify that the value of the coins that the creator of Ethereum destroyed at that time was $ 6.7 billion.
Immediately after the publication of this information, the price of Shiba Inu tokens on the cryptocurrency exchange increased by 36%, but after a short time the rate began to decline – soon, apparently, the price of the coin will return to the previous value. Vitaly Buterin himself did not buy or mine these tokens – the founders of Shiba Inu donated such an impressive amount to the creator of the more famous cryptocurrency for free, in order to probably provoke a discussion on the network and raise the value of tokens on the exchange. Moreover, Buterin asked not to give him anything anymore, but to send funds to charitable organizations.
Why the cryptocurrency billionaire himself destroyed such an impressive amount of money, and did not send all his Shiba Inu to charity, Buterin did not explain.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
