Shiba Coin | Shiba INU Price Prediction 2021 | Shiba INU News Today | Here’s why Ethereum’s Vitalik Buterin burned $7 billion in Shiba Inu (SHIB)
Vitalik Buterin has destroyed 90% of his remaining holdings in Shiba Inu, with the leftover 10% allocated to a yet-to-be-determined charity. The action comes days after Buterin donated over $1 billion of SHIB to the India Covid-Crypto Relief Fund. Buterin stated that his decision to destroy and give away his SHIB came from not wanting to be a « locus of power » in the project.
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The people behind Shiba Inu describe it as an experiment in decentralized spontaneous community building. Dubbed the « Dogecoin killer, » the founders believe its high circulating supply (of 394.8 trillion tokens) can « outpace » Dogecoin and remain under a penny. Things took off last week as SHIB rallied 146%. This was due to the token being listing on Binance, Huobi, and FTX. SHIB went on to post a new all-time high of $0.00003791.
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