Ethereum co-founder Vitalik Buterin burned 90% of his SHIBA INU tokens – 410 trillion SHIB worth $ 7.4 billion was destroyed. After that, the token rate increased by 40%, but now it is decreasing along with the market.
how reported Chinese journalist Colin Wu, after the destruction of tokens in just an hour, the SHIBA INU rate increased from $ 0.0000127 to $ 0.0000195. However, now the token is trading at $ 0.000014 – the fall of the entire cryptocurrency market had an impact on the price of this token.
“I decided to burn 90% of my remaining SHIBA tokens. The remaining 10% will be sent to the address of an as yet undefined charitable foundation. Such a fund should share the values of the Cryptorelief fund, but have a longer-term focus. COVID-19 is a big problem, but it is important to think about the future future, ”Buterin said.
He also wrote that it is impossible to store the remaining tokens in the current wallet for a long time, they would have to be moved to a more reliable wallet, if only for security purposes. This would attract the attention of many people and could change the situation in the market, so Buterin decided to act now. In addition, he expressed his gratitude to the community of doggy token holders and praised them for their generosity and support.
“People launching cryptocurrencies, DAOs or whatever! No need to give me coins or other power without my consent! I do not want to be the focus of such power, it is better to transfer your tokens directly to charities (although here you need to warn them first), ”the developer urged.
Recall that last week Vitalik Buterin sold a significant part of his “dog coins” and donated the proceeds to charity. In addition, cryptocurrencies themselves were transferred to charities.
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