Vitalik Burns $6.7 Billion Worth of Shiba Inu to Reward Holders
The newfound crypto billionaire Vitalik Buterin burned $6.7 billions worth of Shiba Inu tokens. In the transaction dated by May,16th he explained why he did it. His goal was to reward the generous holders of the Dogecoin’s clones. He believes they want to make the world better.
Recently the creators of Shiba Inu presented him with trillions of tokens, and he spent them on charity. The massive liquidation caused the end of the incredible bull run on dog tokens that ended up with the dump. Due to the increased demand for them, Ethereum transactions got even more expensive than ever, and it had to be stopped.
Vitalik decided to burn all the tokens left after this left because he didn’t want any speculation on the transactions he may have performed with them in future. He asked not to donate tokens to him anymore.