SHIB INU Possible Surge over 40 Million% by Vitalik Buterin

A well-known platform dedicated to transferring SHIB meme coins to inactive wallets, Shibburn, recently published a statement regarding a specific aspect of the substantial SHIB token burn executed by Ethereum co-founder Vitalik Buterin in 2021.

As per Shibburn's assessment, the significant increase in the value of Shiba Inu (SHIB) tokens can be primarily attributed to market demand rather than the incineration of 410.2 trillion SHIB tokens by Ethereum's co-founder, Vitalik Buterin. Despite the current valuation of these burned tokens at $3.1 billion, Shibburn asserts that this burn did not have a direct impact on the token's market price.

It's worth noting that Vitalik Buterin had the potential to substantially elevate the price of Shiba Inu, with the potential for astronomical gains exceeding 46 million percent. However, this scenario did not materialize.

Nonetheless, this anticipated surge did not come to fruition, and Shibburn has elucidated the reasons behind this outcome. Shibburn's statement emphasized the potential for Buterin to significantly enhance the value of SHIB by an astonishing 46 million percent.

Vitalik Buterin's motivation behind burning 90% of his SHIB holdings stemmed from his desire to avoid becoming "a center of power of such magnitude." Subsequently, he directed the remaining 10% to the "cryptorelief" fund, initiated by Polygon's founder Sandeep Nailwa in India, with the aim of combating the pandemic in the region.

A prominent Shiba Inu token burning service has recently unveiled the details surrounding Vitalik Buterin's efforts and shed light on why these actions did not result in a significant and dramatic surge in the SHIB token's price.