One of the youngest Co-founders of Ethereum’s cryptocurrency, Vitalik Buterin performed a donation of $ 1 billion in India to fight against the Covid-19 pandemic, and the donation was given to the COVID Relief Fund which is roughly Rs. 7,358 crore in India, the reports said by Forbes. Vitalik gave a donation by discharging a huge amount of meme token of dog-theme and the currency was given by Akita Inu, Shiba Ino coin, and Dogelon as gifts. When the rally of Dogecoin came into the limelight in the previous few months, then the value of cryptocurrency increased. Two weeks ago, Vitalik Buterin became the youngest cryptocurrency billionaire in the world and later, he donated the cryptocurrency after hold up the youngest billionaire.
The reports were released by Forbes, it was revealed that Vitalik Buterin donated $ 1.2 billion in the form of SHIB tokens of 50 trillion and that roughly made around Rs. 8,800 crore in India to the COVID Relief Fund and it took place this Wednesday, May 12 at 04:37 PM in just one transaction. We like to tell you that the COVID Relief Fund in India was set up by Sandeep Nailwal, who is an Indian entrepreneur of tech, and a Co-Founder of Polygon. If we talk about the last month, Buterin also donated $600,000 worth of Rs. 4.40 crore in India in the form of ether to the COVID Relief Fund of India. Later, a thankful message was shared by Sandeep Nailwal on Twitter, and he said that the donation will be spent carefully.
Sandeep Nailwal took the support of Twitter and said,” Thanks @VitalikButerin We have learned one thing from Vitalik Buterin and Ethereum that what is the importance of community. We will never do such a thing that hurts the community that especially involved with $SHIB. We will handle it carefully and in charge”. In the end, he wrote,” Please don’t worry the holders of $SHIB.
In this recent days, the creators of these meme coins are sending a huge amount of the token to Buterin and the tycoon has sent trillions of SHIB tokens worth around $ 7 to 8 billion. When the transaction took place, the prices of these meme coins fall down continuously. The price of SHIB dropped to 35%, Akita Ini got down to 50% and along with this, the price of Dogelon also dropped by 65% in the last 24 hours.
According to the reports of Forbes, the tokens of Shiba Inu were provided to Buterin to the supposition that he will never sell them. While around 50% of SHIB tokens were sent to the waller of Buterin in thelast past year by the developers of SHIB tokens. Also, 50% of the total token have been taken from this circulation, the official website of coins stated and it was just a probability that given by developers.
