Vitalik Buterin could have fueled Shiba Inu price rally by burning $1.7 billion in SHIB

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Vitalik Buterin, the co-founder of Ethereum, received nearly 505 trillion SHIB from Ryoshi, the creator of the Shiba Inu project. Buterin donated 10%

However, the team behind the burn tracker argues that a similar move, nearly two weeks before the transfer, would have amounted to $6.7 billion worth of SHIB. Burning or removing this value of SHIB tokens from circulation likely positively influenced the meme coin’s price via supply-demand dynamics.

Buterin added a note to his transfer made to the charity and said that he would prefer creators of crypto projects donate to charities, instead of offering him “the locus of power.”price climbed to $0.00000779 early on Friday. The meme coin is recovering from its August 17 intraday low of $0.00000725. The Shiba-Inu-themed meme coin needs to erase its losses from the past three weeks to make a comeback to $0.

Source: Digital Coin News (


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