Happy Wednesday, Blockfolians
Unless you’ve been living under a rock, you know that everything is about the dog money.
Well, one of the ways that some of the dog coins have been trying to get prominence is by airdropping them to prominent public figure’s wallets. Vitalik turned that around on its head today, sending ONE BILLION DOLLARS worth (actually $1.2B) of SHIB to the India Covid Crypto Relief fund.
Vitalik Buterin sells $SHIB and $AKITA tokens and donates $1 billion to the India Covid Crypto Fund.
The sickest legend of them all.
So why the hell did Vitalik have so many $SHIB? From CryptoSlate
Shiba additionally boasts of taking enough care to ensure the team doesn’t dump on holders. “The remaining 50% was burned to Vitalik Buterin and we were the first project following this path, so everyone has to buy on the open market, ensuring a fair and complete distribution where devs don’t own team tokens they can dump on the community,” the site explains.
SHIB is down 38% on the news, but the fund says they’re going to be good stewards of the resources:
One thing we have learnt from Ethereum andis importance of community
We will not do anything which hurts any community specially the retail community involved with $SHIB
We will act responsibly!
Plz dont worry $SHIB holders. https://t.co/M4GxTR0JAn
Altcoin Alerts @Altcoin_Alerts
🔔Vitalik donates 1B Worth Shiba INU To India Covid Relief Fund !
@VitalikButerin @sandeepnailwal $SHIB https://t.co/liFcc5DWd4
What a time to be alive.
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Highly Relevant Reading
CPI rises to highest level since 2009
46 million Americans now own Bitcoin
DeFi protocol xToken loses $24.5M in exploit
MoneyGram bringing Bitcoin for cash to 12,000 locations
It’s all anyone is talking about – here’s the full list
Epic crypto donation spree by!
All AKITA tokens to Gitcoin Community Multi-Sig
13,292 ETH to Givewell
1000 ETH + all ELON tokens – Methuselah Foundation
1050 ETH – MIRI (AI safety org)
500 ETH + 10% of the SHIB –
500 ETH – Charter Cities Institute
But is it a rug?
The implications of this are going to be really interesting. Vitalik 100% rugged these meme token investors. They would be rugged regardless later don’t get me wrong and by much worse intentioned people but still… Wouldn’t be surprised if this leads to lawsuits
Larry Cermak @lawmaster
Vitalik is starting to dump dog tokens.
A Really Big Number We Should Be Paying Attention To
That’s the new milestone Ethereum’s Market Cap hit today