Crypto Stories #8 : When Vitalik Buterin Burned $6.7 Billion in Shiba Inu! 🐕🔥
In 2021, the founders of Shiba Inu (SHIB) had a strange idea: to send half of the total supply (about 500 trillion tokens) to the wallet of Vitalik Buterin, the creator of Ethereum.
Their goal? To give credibility to the project by leaving Vitalik as the “guardian” of the SHIB.
But Vitalik did not appreciate this maneuver. The result:
🔥 He burned 410 trillion SHIB, worth about $6.7 billion at the time.
🤲 And he donated the rest to charities, including over $1 billion to a Covid-19 relief fund in India.
💡 An unexpected decision that marked the history of meme coins and proved that a single gesture can change an entire ecosystem.
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#DogeCoinTreasury $SHIB