What is happening between SHIB and Vitalik? | TICKER VIEWS

Published

3 years ago

May 17, 2021

Vitalik donates $1B worth of Shiba Inu coin to India

Firstly a bit of context: last week, Etherum’s co-founder Vitalik Buterin donated $1 billion worth of Shiba Inu coin to a COVID-19 relief fund in India.

But the massive donation spooked buyers, causing Shiba Inu Coin to plummet.

Shib Informer said in a private chat that many people distrust the Ethereum founder, for “no good reason.”

They added that buyers were becoming increasingly concerned that the currency is at the ‘mercy of a millionaire kid now,’ much like Dogecoin is beholden to Elon Musk.

However, SHIB welcomed Vitalik’s actions, saying that he is “not dumping our token” by “acknowledging a humanitarian crisis” in a recent open letter.

A message to the #SHIBArmy regarding today's events. We know there's strength in numbers, so we are celebrating today's brave actions, and stand in support of saving lives and inspiring new holders. pic.twitter.com/VKNOQpQ5lv
— Shib (@Shibtoken) May 13, 2021

Vitalik destroys 90% of his SHIB coins

Vitalik has since burned 90% of his $SHIB wallet, now owning 5% rather than 45%. The currency has since risen approximately 12%.

Another message for the #SHIBArmy, the strongest community in crypto. pic.twitter.com/874pnUPNmQ
— Shib (@Shibtoken) May 16, 2021

The owner of the Shib Informer Twitter account said in a private message:

“Imagine that you own half of the dollars in the world, and you put them all in a room put gasoline and burn it. The remaining money in the world will rise in price, right? That is what happened.”

What is Shiba Inu Coin?

The “Shiba Inu coin” also known as SHIB coin or $SHIB is rising in popularity. Much like Dogecoin – it started out as a meme, but now crypto investors are seeing some potential.

Shiba was founded by the mysterious Ryoshi, in 2020.

Shibu Inu coin can be bought as tokens directly from their website, or through popular third parties like the Uni-swap platform.

Related Topics:$SHIB Doge Etherum Featured Shiba

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Natasha Schapova

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

5 Comments

Fernando silva

May 17, 2021 at 10:06 pm

Awesome article.
Mohsen

May 17, 2021 at 8:54 pm

Don’t miss the train of $SHIB. Vitalik burned 90% of his tokens and Shibaswap is coming soon
Buy $shib now
#SHIB #vitalik #ShibaSwap #ShibaArmy #SHIBatoken #shibcoin
Gggg

May 17, 2021 at 8:24 pm

#SHIBARMY
@ShibaSwap
@elonmusk
@JeffBezos
@ShytoshiKusama
@cz_binance
#SHIBatoken
#shiba_swap
#shiba
#shiba_swap
#shibatoken
#ShibaArmy
#shibainutoken
@nbcsnl
Shiba Commander

May 17, 2021 at 7:27 pm

#shiba to the moon! $SHIB is the new Humanitarian Crypto thanks to VB’s donation! #Shiba
Oscar

May 17, 2021 at 3:34 pm

It can be bought on over 80 exchanges and is the fastest moving new coin to ever enter the market in terms of exposure, followers and increase in coin value

Is GenerativeAI transforming education?

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7 hours ago

May 3, 2024

ticker NEWS

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

How AI is leveraging Amazon’s fast production

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May 2, 2024

Nathan Langridge

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Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.