Vitalik Buterin Could Have Pushed SHIB up Over 46,000,000%, but What Happened?

Discover the latest crypto news, including how Vitalik Buterin could have influenced SHIB's price by over 46,000,000%. Also, learn about IOTA's progress towards ETH compatibility and Cardano's first static website on the blockchain.

Posted 8 months ago in Blockchain


Vitalik Buterin burning SHIB tokens.

Take a closer look at the latest crypto events with U.Today's news digest!


Top News Stories:

  1. Vitalik Buterin could have pushed SHIB up over 46,000,000%, here's why it never happened
  2. IOTA closer to ETH compatibility as Shimmer nears key milestone
  3. First-ever Cardano (ADA) static website kicks off

Vitalik Buterin and SHIB

The Shuibburn X account recently revealed that back in 2021, Ethereum cofounder Vitalik Buterin could have given a significant push to the SHIB price but did not do it. In early 2021, Shiba Inu founder Ryoshi sent half of the one-quadrillion SHIB supply to Vitalik Buterin's wallet.

Per the Shibburn post, Buterin burnt the SHIB he received only several months later, after the SHIB price jumped from $0.0000076 to $0.00003469 on May 11. The ETH cofounder sent 90% of SHIB he had to a dead-end wallet, and the amount of SHIB he burned was evaluated at $6.7 billion. If Buterin destroyed the tokens a couple of weeks earlier, he could have contributed to the SHIB price increasing by over 46,000,000% since its launch. The reason why Buterin decided to burn 90% of his SHIB was that he did not want to 'be a locus of power of that kind.'


IOTA's Shimmer Progress

In a recent X thread, Shimmer, the network built to advance major IOTA innovations, provided an update on its EVM development. Shimmer's smart contracts team has been working hard testing and fixing bugs. Most of the issues have now been resolved, and the majority of projects are satisfied with the current state. Adjustments and testing for a closed Shimmer EVM launch are being finalized, with the public launch expected a few weeks later.


Cardano's First Static Website

According to an X post by developer Dave Beaumont, the first-ever static website fully hosted on Cardano (ADA) blockchain went live. The successful Proof-of-Concept test was carried out with IAGON decentralized storage. Beaumont replicated and cloned IAGON's website as a static website served on the Cardano blockchain. Furthermore, he added new JavaScript dependencies to the website, written via the Next.js framework. This achievement has pushed the boundaries of what's possible.

Last updated 9/9/2023, 2:47:33 AM

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