Vitalik burns $6.7B of Shiba to reward generous hodlers

Cointelegraph

Published May 17, 2021 02:17AM ET

Updated May 18, 2021 04:00AM ET

Ethereum co-founder Vitalik Buterin has burned nearly half of the supply of the popular Dogecoin (DOGE) clone Shiba Inu (SHIB).

In a statement embedded into the transaction on Sunday, Buterin explained why he had decided to burn $6.7 billion worth of SHIB tokens, emphasizing the “generosity” of the “dog token communities.”

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