The SHIB token jumped by 50% at the moment.
Ethereum founder Vitalik Buterin burned 410 trillion SHIBS worth more than $6.5 billion by sending them to an inaccessible address.
In a comment on the transaction, he explained that he did not intend to keep SHIB in his wallet for security reasons. In order to avoid speculation during further movements, the co-founder of Ethereum decided to get rid of the coins.
He promised to donate the remaining 10% of SHIB to charity, and this will be a longer-term goal than the fight against coronavirus.
"If you run coins, decentralized organizations, or anything else, please don't give me coins or power in your project without my consent! Buterin added. — I don't want to be such a center of power. It's better to just print the coins directly into the charity's wallet, but also talk to them first."
Recall that the developers of the SHIB project sent half of the token issue to Buterin's wallet, which made him the largest holder of the cryptocurrency.
Last week, the founder of Ethereum collapsed the markets for "dog" tokens, selling significant amounts of assets and sending the proceeds from this money to charity.
In particular, he donated more than $1 billion to the COVID-19 pandemic fund in India.