A famous Shib developer in a light-hearted manner criticized Ethereum co-founder Vitalik Buterin, who is famous for his philanthropy i.e. his work of helping people.
On the first day of July, Binance founder CZ announced that he has donated 10 million dollars to Vitalik’s biotech project. Vitalik thanked this and also named Polygon co-founder Sandeep Nailwal who supported him.
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Did Vitalik Buterin Really Support SHIB?
Vitalik Buterin’s intention was good, but some people felt that he did not thank the old help. Kaal Dhairya, a famous member of Shibarium’s developer team, reacted to this and reminded that SHIB also played a big role in creating the Corona relief fund. Today the name of this fund is Blockchain For Impact.
Kaal Dhairya said that since Vitalik did not mention SHIB tokens in his tweet, let me complete his tweet. I am happily helping.
SHIB developer was referring to the fact that 50 percent of SHIB’s total supply, i.e. half of the 999 trillion tokens, was given to Vitalik’s crypto wallet, for which a Crypto Relief fund was created.
Backstory Of Shiba Inu’s Relief Fund
In 2020, Ethereum co-founder Vitalik Buterin made headlines when he donated almost half of his 500 trillion SHIB tokens to India’s Crypto Relief Fund. He burned the rest of the tokens forever. This was SHIB’s first major burn.
This good move reduced the supply of SHIB, and now the total supply of SHIB developer is approximately 584.55 trillion coins.
But now people in the SHIB community are talking about why Vitalik did not mention the SHIB Army which was part of this relief effort. Some people are thinking that maybe there were some disagreements between the developers of SHIB.
But despite all this, the price of SHIB is still stable. There has been no significant change in the price, which shows that SHIB is still in the price consolidation phase.
On The Flipside
Looking at the comments of people on X (Twitter), it seems that many strong members of the Shib Developer community think that Vitalik ignoring SHIB is like he has abandoned SHIB
Why This Matters
Shibarium’s great success as a Layer 2 network is due to its loyal and active community. For the past few years, Shiba Inu has received strong support on social media like Dogecoin, due to which people say that SHIB can become the top meme coin in the future.
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People Also Ask:
Q1: What is the drama between Shiba Inu and Vitalik Buterin?
Shiba Inu’s developer Kaal Dhairya criticized Ethereum founder Vitalik Buterin for not mentioning SHIB’s big donation in 2021. SHIB Army feels that their multibillion dollar help was ignored.
Q2: What was the actual donation to India’s Crypto Relief?
In 2021, SHIB’s creator Ryoshi sent 500 trillion SHIB tokens to Vitalik. Vitalik donated a large part of these tokens for India’s pandemic relief. Later, they also burned 410 trillion SHIB tokens, which also increased the value of the token.
Q3: Why is the SHIB community angry?
Recently Vitalik thanked Binance founder CZ, who donated 10 million dollars. But no mention was made of the historic gift of SHIB Army, due to which the community felt that they were ignored. Kaal Dhairya reacted strongly to this.
Q4: What will be the impact of this on the reputation of SHIB?
This drama shows that SHIB, which is famous as a meme coin, has created a good impact in the crypto world. This is a strong point of the community, which increases the credibility of SHIB.
Q5: What is the next step of SHIB now?
SHIB team, which is led by Shytoshi Kusama, is working on new projects like Shibarium and Jul-AI. This small fight can bring more hype to the community, which will keep SHIB in the spotlight.
