Shiba Inu Spotlight: 1,084 Days After Vitalik Buterin’s Historic 410 Billion SHIB Burn

Shiba Inu Spotlight: 1,084 Days After Vitalik Buterin's Historic 410 Billion SHIB Burn

Almost three years ago, the cryptocurrency market witnessed a historic event when Ethereum co-founder Vitalik Buterin executed a mass burn of Shiba Inu (SHIB) tokens, permanently removing a staggering 410 trillion tokens from circulation. .

Almost three years ago, the cryptocurrency market witnessed a historic event when Ethereum co-founder Vitalik Buterin executed a mass burn of Shiba Inu (SHIB) tokens, permanently removing a staggering 410 trillion tokens from circulation. .

Advertisement

This bold move, valued at approximately $6.7 billion at the time, marked a pivotal moment for SHIB and the broader market.

On May 17, 2021, buterin decided to burn 90% of its SHIB holdings after being inadvertently gifted half of the total SHIB supply, sending them to a dead blockchain address. The reason was that he didn’t want to be a “place of power like that.”

This law effectively reduced the total supply of SHIB by almost half. The remaining 10% of their holdings went to a charity, in line with their values ​​of supporting life-saving efforts with a long-term vision.

1,084 days later

Fast forward 1,084 days and the cryptocurrency landscape has changed substantially. The act of burning such a large amount of SHIB has had a lasting impact on the perception and value of the token. While there was a slight increase in prices immediately afterwards, the long-term effects have been more nuanced.

Since the cryptocurrency market is influenced by a wide variety of factors, such as technological advancements, price dynamics, and changes in investor sentiment, the current price of SHIB is the result of a complex interplay of these dynamics. .

Related
Ethereum’s Vitalik Buterin’s 410 Billion Shiba Inu (SHIB) Burn Could Be Biggest Ever: Details

Nonetheless, the Ethereum co-founder’s burning of SHIB remains a landmark event in cryptocurrency history. As previously reported, this mega burn now worth a whopping $10 billion could be the largest ever for crypto transactions, if burns are considered.

Meanwhile, the Shiba Inu community continues to move forward with SHIB burning. In March, the SHIB team burned billions of SHIB tokens along with BONE and LEASH. In the last 24 hours, a total of 4,725,055 SHIB tokens were burned in six transactions. At the time of writing, SHIB was up 0.46% in the last 24 hours to $0.00002473.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة