Why Vitalik's Shiba Inu (SHIB) Burn Matters.
Back in 2021, SHIB's creator Ryoshi sent Vitalik Buterin half of the entire SHIB supply – 500 trillion coins. Instead of cashing out, Vitalik sent almost all those tokens to a dead wallet, removing them from circulation forever.
He later said he didn't believe in the coin and didn't want to mess with its price. The remaining tokens went to help India fight COVID-19.