{"id":42585,"date":"2021-05-17T10:35:44","date_gmt":"2021-05-17T07:35:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42585"},"modified":"2025-08-30T23:53:01","modified_gmt":"2025-08-30T20:53:01","slug":"vitalik-buterin-burns-90-of-his-shiba-inu-tokens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vitalik-buterin-burns-90-of-his-shiba-inu-tokens\/","title":{"rendered":"Vitalik Buterin burns 90% of his Shiba Inu tokens"},"content":{"rendered":"<p>Ethereum cofounder Vitalik Buterin <a href=\"https:\/\/etherscan.io\/tx\/0x7a69f558bdc4aaf1e6bab9473c84cb2fddbd1e419c44d5c22eb88bedeb09657c\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u043e\u0442\u043f\u0440\u0430\u0432\u0438\u043b<\/a> 90% of the SHIB tokens he still held to an inaccessible address. <\/p>\n<p><!--more--><\/p>\n<p>Buterin burned 410 trillion SHIB worth more than $6.5 billion. In a comment on the transaction, he explained that he did not intend to hold SHIB in his wallet for security reasons. To avoid speculation in future movements, the Ethereum cofounder decided to get rid of the coins.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What vb said <a href=\"https:\/\/t.co\/RPohnWE8Em\">pic.twitter.com\/RPohnWE8Em<\/a><\/p>\n<p>\u2014 VB Goat (@icebucket95) <a href=\"https:\/\/twitter.com\/icebucket95\/status\/1394056500230885380?ref_src=twsrc%5Etfw\">May 16, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The remaining 10% (70 trillion SHIB) will be donated to charity by Buterin. The aim is longer-term than the fight against COVID-19.<\/p>\n<p>Against this backdrop, Shiba Inu rose 35% in two hours. According to CoinGecko, the asset&#8217;s market capitalization is $7.77 billion.<\/p>\n<p>At the time of writing the token trades at around $0.0000155 \u2014 about 60% below its peak.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/QdzmF0DtPvNXS2eUvXR6HoyqP9ytaUyqTY03bEUOvLW0tmf5DixcbYWmaCi6ya_8NqNcRHk3Cmlf3AHs-lpKDjKC-zbXxQu4fLAYolCuW7W6e2OdZ4JfsemADlFvzM7RcXqGDzYz\" alt=\"Vitalik Buterin burned 90% of his Shiba Inu tokens\"\/><figcaption>SHIB\/USDT chart on the Binance exchange. Data: TradingView.<\/figcaption><\/figure>\n<p>Earlier, the SHIB project developers sent to Buterin <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-emerges-as-the-largest-holder-of-shiba-inu\">half of the token supply<\/a>, making him the largest holder of the cryptocurrency. <\/p>\n<p>In May, Buterin <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-dumps-dogecoin-clone-tokens\">donated more than 50 trillion SHIB<\/a> (over $1 billion) to a fund to fight the COVID-19 pandemic in India. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum cofounder Vitalik Buterin sent 90% of the SHIB tokens he still held to an inaccessible address.<\/p>\n","protected":false},"author":1,"featured_media":42586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1525,200],"class_list":["post-42585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-shiba-inu","tag-vitalik-buterin"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42585"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42585\/revisions"}],"predecessor-version":[{"id":42587,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42585\/revisions\/42587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42586"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}