The Shiba Inu (SHIB) and Akita Inu (AKITA) tokens have lost more than 40% of their value over the past day.
The creator of Ethereum, Vitalik Buterin, has started selling "dog" tokens.
The Shiba Inu and Akita Inu tokens on Tuesday once again updated their historical highs, but on Wednesday they began to decline sharply. Before that, in a short period of time, the tokens grew by tens of thousands of percent.
The creators of the meme projects Shiba Inu (SHIB) and Akita Inu (AKITA), which repeat the Dogecoin theme, blocked half of the issue of their tokens in pools on the Uniswap exchange, and sent the other half to Buterin's address.
On Wednesday, he began selling them on the Uniswap crypto exchange. Later, Buterin approved transactions from his wallet with the Dogelon Mars token (ELON), the holder of half of the issue of which he is also.
Part of the received ETH Buterin sent as a donation to Gitcoin, the other part was transferred to the Coinbase wallet. Previously, Buterin also withdrew 95% of the liquidity from the Uniswap pool. He sent 500 ETH and 50 trillion SHIB with a nominal value of $1.2 billion to the Indian anti-coronavirus fund.
The creator of Ethereum decided to sow financial chaos among the holders of dog tokens. On this basis, many observers concluded that in this way he wanted to send a message.
Due to the large volume of transactions with tokens from this category, fees on the Ethereum network recently reached new highs above $50. The exchange of assets on the Uniswap exchange cost more than $300 per operation.