What did the founder of ETH, Vitalik Buterin, do with 505 trillion tokens $SHIB ?
Shiba Inu was launched on August 1, 2020, on the Ethereum blockchain, and its founder, Ryoshi, donated 505 trillion tokens to the founder of $ETH , Vitalik Buterin. Ryoshi sent 50% of the supply to Buterin, allowing investors to trade the remaining 549 trillion tokens. Buterin received a large amount of tokens, which remained in his wallet uninterrupted for almost a year.
However, Vitalik Buterin moved the Shiba Inu tokens in May 2021 during the second wave of the COVID-19 pandemic. He almost emptied his wallet for humanitarian aid, sending funds to various organizations fighting the global epidemic. This action also put SHIB on the map, as it grabbed international headlines for the amount of funds received as aid.
After donating 50 trillion Shiba Inu tokens to the COVID-19 aid fund in India and burning 410.24 tokens, Vitalik Buterin currently owns 45 trillion SHIB tokens. He confirmed that he does not plan to sell them nor revealed what he intends to do. It is most likely that he will donate them to other humanitarian causes or burn them in the future.
The 45 trillion Shiba Inu tokens, owned by Vitalik Buterin, are now worth 543.6 million dollars. Their value has drastically fallen, as their price hovers around 0.00001 dollars. It is about to add another zero and could soon be trading with five zeros on the charts.
