Others

Vitalik Buterin Burns $6B in SHIB Tokens, Says He Doesn’t Want the ‘Power’ WikiFX  |  2021-05-18 10:20:47  The amount destroyed equates to almost half of SHIBs total circulating supply. Ethereum co-founder Vitalik Buterin has burned 90% of his Shiba Inu coin (SHIB) holdings, an amount worth $6.7 billion. The trove of more than 410 trillion tokens was sent to a dead blockchain address late on Sunday, taking them out of circulation. Buterin had been given half of SHIBs total supply in recent weeks in what appeared to be a marketing stunt. “Ive decided to burn 90% of the remaining shiba tokens in my wallet. The remaining 10% will be sent to a (not yet decided) charity with similar values to cryptorelief (preventing large-scale loss of life) but with a more long-term orientation,” he said in a note attached to another transaction at the same time. Last week, Buterin gave 50 trillion SHIB tokens (worth around $1.2 billion at the time) to an India COVID-19 relief fund set up by Pol