🔥 A Historic Moment in Crypto History! 🔥
Almost three years ago, Vitalik Buterin, co-founder of Ethereum, shook the crypto world by massively burning Shiba Inu (SHIB) tokens, removing a staggering 410 trillion from circulation. This bold move, valued at $6.7 billion, marked a pivotal moment for SHIB and the market as a whole.
On May 17, 2021, Buterin burned 90% of his SHIB holdings, reducing the total supply by nearly half, and donated the remaining 10% to charities. His act reflected a commitment to decentralization and empowering communities.
Today, 1,084 days later, the impact of this historic burn continues to be felt. While prices spiked slightly immediately afterward, the long-term effects have been nuanced, reflecting the complex interplay of technological advancements, market dynamics, and investor sentiment.
With SHIB's current price reflecting a complex mix of factors, Buterin's burn remains a landmark event in crypto history, now valued at $10 billion. The Shiba Inu community has continued to push for SHIB burns, with recent burns totaling billions of tokens alongside BONE and LEASH.
In the last 24 hours alone, more than 4.7 million SHIB tokens have been burned across six transactions, underscoring the ongoing commitment to reduce supply and support the token's value.
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Stay tuned to the evolving crypto landscape, and let's keep celebrating the milestones that shape our decentralized future! 🚀#Binance out #SHIBA🔥 A🔥 #SHIB #CryptoWatchMay2024 24