Vitalik has 50% of Shiba Inu (Shib) and worries investors
Vitalik has 50% of Shiba Inu (Shib) and worries investors
Vitalik Buterin Owns 50% of Shiba Inu’s (Shib) Supply, and It's Worrying Investors "/>
- Vitalik Buterin received 50 percent of the entire Shiba Inu offer at the start and was the biggest whale.
- The Doge copy gained over 1,500 percent in the last week and brought the participation of the Ethereum founder to a value of $ 15 billion.
Last year, the anonymous developers of Shiba Inu (Shib) sent 50 percent of the token offer to Vitalik Buterin's wallet. In her view, this was a different way of burning it. Assuming that the founder of Ethereum would not spend the tokens by sending them to him, they effectively removed them from traffic. If the supply is low and limited, demand increases over time. Now vitalik
since Doge has been driven by private investors Fomoing, Dogecoin clones have become increasingly popular. During the weekend, when Doge flopped to Elon Musk Snl appearance, Shib broke out. The asset took part of Doge's outstanding money.
At the beginning of the week, the crypto exchanges supported the coin and supported their positive dynamics. A look at the last 7 days shows that the token has earned over 1,500 percent. With this remarkable jump, the old coin rose to the 20 largest coins in the market. This is a remarkable performance of a coin that was launched only a year ago.
The meme coin has a total circulation of 394,796,000,000,000 Shib. With a SHIB price of around $ 0.000032, the overall market capitalization amounts to just under $ 12 billion. Vitalik holds around 505 billion Shib, which has a value of just over $ 16 billion at the time of printing.
vitaliks shib: A cloud hangs on the head of the investors
While the developer intended to give the coin more value by giving Vitalik such a large amount, there is a risk of a huge dump for the token. If Vitalik has not burned his wallet, he can access his account at any time and sell his share in whole or in part.
👉 to be very clear, Vitalik can equip it with a carpet. Will he do it? Certainly not. There is no incentive for him to cloud his reputation for 200 ETH.
- # waronrugs❌ (@waronrugs) 30. January 2021
In the past, this was not a problem because the price was low and the community put on the fact that Vitalik would not endanger his reputation for a little reward. But now that billions are at stake, there is no certainty.
Vitalik recently became a billionaire through its founded Ethereum coin, shortly after she had exceeded $ 3,000. Since then it has risen to $ 4,000 without Vitalik selling. Some SHIB investors can comfort themselves and realize that the billionaire does not strive for a fortune.
Source: Crypto-news-flash.com