Vitalik Buterin Makes Unexpected Shiba Inu (SHIB) Post

Vitalik Buterin shares his opinion on the Shiba Inu situation

The crypto world encountered a surprise from the big name of the industry, Vitalik Buterin. The Ethereum co-founder mentioned Shiba Inu, a not-so-serious token that many investors have flagged as a quick way to make money.

Buterin said he donated some SHIB to charity thinking the price would drop too much, and after trading on the market for a few weeks he didn't think it would be worth much. But SHIB did much better than he thought it would.

This indirect support from Buterin stands out as it casts SHIB's presence in the market in a positive light, especially considering its unexpected performance. Looking at the SHIB/USDT daily price chart, a strong upward trend can be seen. After a period of relatively stable price, SHIB has exhibited a significant increase in buyer interest. The chart indicates an upward trend in which the price exceeds the moving averages; This is a sign that investors often use to gauge market momentum.