The world’s largest Ethereum event, EthDenver, ended yesterday. Lots of people presented and discussed all kinds of Ethereum related topics. At this event, Ethereum inventor Vitalik Buterin came to the fore when he wore a Shiba Inu-patterned pajamas. Many people wondered if Buterin was winking at the SHIB cryptocurrency. Cryptokoin.com is providing the details…
Vitalik Buterin wore pajamas with SHIB
When Ethereum founder Vitalik Buterin is seen in EthDenver wearing his pajamas decorated with little Shiba Inu puppies, some people may believe SHIB may be on the rise. may have thought. Surprisingly, the Shiba did not rally. In fact, it continued to stagnate. Apart from the pajamas, there was no clear endorsement or call to action from Vitalik for SHIB. Still, one wonders why she chose the outfit. Many people described it as a simple event that he just amused himself.
Last year, when Vitalik Shiba launched in August 2020, there was a brief hysteria in the markets when it appeared ready to “throw” 50 percent of the Shiba tokens sent to it by the anonymous founder Ryoshi. . As a Dogecoin-inspired meme token, half of the SHIB supply was sent to Vitalik, probably on a whim. Of course, we all know what happened next. Shiba had a market cap of over $14 billion and suddenly Vitalik was faced with a dilemma as to what to do with $7 billion as a result of this price action.
India burned a billion dollars by sending tokens to a non-functional wallet after donating one billion dollars to the COVID relief fund SHIBA. “I don’t want to be the focus of that kind of power,” Buterin had said. The Shiba community was infuriated. However, Vitalik later burned his remaining tokens and somehow made amends to Shiba fans. The market stabilized and the price recovered. SHIB jumped to an all-time high with a market cap of $40 billion five months later. It’s a crazy story, but at the conference, Vitalik seems to have made peace with the chaotic meme coin, wearing his Shiba pajamas. Looking at the quiet price response, the market seems to agree.
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