410 trillions tokens have been burned
Vitalik was gifted half of the total supply of SHIBA INU and decided to burn 90% of his holdings. The Ethereum co-founder said on Twitter that he would donate the remaining 10% to charity.The trove of over 410 trillion tokens was sent to a dead blockchain address on Sunday, taking them out of circulation.
SHIBA INU's team sees development as positive
Admittedly, the crypto community found itself in a stressful situation last week. Many people blamed Vitalik for letting all of the so-called "meme coins" crash. At this point in time, Vitalik has burned 90% of his holdings. There is a good chance he has won the hearts of those people back. The SHIBA INU team reacted positively to the development. The official SHIBA INU Twitter account posted a message to the "SHIBA INU Army" saying that they have made history.Vitalik does not want developers to send him any tokens without his permission. Instead, Buterin said with "a locus of power of this kind, better to just print the coins into the hands of a worthy charity directly (although talk to them first)."
SHIBA INU has stolen the show
There have been many meme coins trying to get in the position of Doge is this bull run. SHIBA INU is the first one to come close to that point. The token has seen a huge climb up the total market cap rank and is now sitting at number 27. With a monthly return of 2.200%, it’s one of the biggest risers this month. Certainly, SHIBA INU has surely earned the title “meme coin”. It has also benefited from a strong community and attention in the press.Missed DOGE? Catch the next big thing with Cryptonary
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