In 2020, an anonymous creator called Ryoshi launched Shiba Inu (SHIB) with 1 quadrillion tokens — no investors, no press, no VCs.
He sent 50% of all tokens (500 trillion SHIB) to Vitalik Buterin without warning, making him the largest holder — a bold marketing move.
By May 2021, those tokens were worth $1B, which Vitalik donated 50 trillion SHIB to India’s COVID-19 relief fund — the largest crypto donation in history. He then burned 410 trillion SHIB ($6.7B), boosting the coin’s value.
Ryoshi disappeared in 2022, leaving only the project behind. $SHIB went on to reach a $40B market cap, proving that even a “joke” coin can achieve the impossible.
After reading CZ’s book Freedom of Money, the FTX collapse chapter reads like a movie.
Here are the key moments 👇
- November 2022 SBF calls CZ asking for “a couple of billion dollars” like he was ordering a sandwich.
- Binance signs a non-binding LOI, not to buy FTX, but just to assess the damage and protect users. CZ had zero intention of owning the exchange.
- Alameda’s Caroline Ellison publicly offers to buy Binance’s FTT at $22, CZ calls this the “fatal mistake.” It gave traders a clear price floor to short.
- FTT crashes from $22 → $15 → $5 within hours.
- $6 billion gets withdrawn from FTX in just 72 hours. Liquidity evaporates.
- November 9: Binance walks away completely. Binance’s $580M FTT holdings become worthless.
- December 14: Binance itself sees $7 billion withdrawn in a single day. Even CZ admits he was worried, but reserves held strong.
In the middle of total chaos, @cz_binance stayed calm, protected users, and never lost control.
This cycle represents the speculative and often volatile nature of cryptocurrency markets, where phases of growth are followed by corrections and speculative bubbles. It's a common narrative among traders and investors in the crypto space.
The price is once again approaching the support area. You can consider buying some SOL here if you haven't already done so. After retesting the support area, we may see a continuation of upward movement.
ETH dropped after rejecting the resistance area. The price tested the support uptrend line and managed to hold at this level. You can open a long position here with a tight stop loss. The resistance level remains unchanged.
Satoshi Nakamoto visited me in a dream last night. He said, ‘The real #Bitcoin bull run hasn’t even started yet. On November 2024 — the super moon will rise, and the Bulls will reign. That’s when everything changes. Not financial advice. #BelLikeSatoshi
The market remains positive with $BTC trading above the key support at $64,000. We’re maintaining the same entry zone as it remains a critical support level. Watch for stability above this level to sustain the bullish outlook.
Vitalik dropped 6 detailed articles about the Ethereum roadmap
Here's our condensed ELI5 cheat sheet 👇
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@VitalikButerin's latest articles have been part of a series, "Possible futures of the Ethereum protocol," with each post diving deep into a major pillar of Ethereum's roadmap:
🔀 Part 1: The Merge 📈 Part 2: The Surge 🔥 Part 3: The Scourge ✨ Part 4: The Verge 📤 Part 5: The Purge 🎉 Part 6: The Splurge
#Bitcoin is testing a major #resistance at $73,754, with potential to surge towards $80,000 and possibly $100,000 if the uptrend continues. Key Fibonacci supports are at $58,783 and $54,643, making these ideal re-entry points if BTC pulls back before the next leg #up.