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.
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:
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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