Why the burning of Shiba Inu (SHIB) by Vitalik matters.
In 2021, SHIB creator Ryoshi sent Vitalik Buterin half of the total SHIB supply – 500 trillion coins. Instead of selling them, Vitalik sent almost all of these tokens to a dead wallet, removing them from circulation forever.
Later he stated that he does not believe in the coin and does not want to interfere with its price. The remaining tokens were used to help India in the fight against COVID-19.