Shiba Inu (SHIB), one of the most popular meme tokens in the cryptocurrency market, continues to attract the attention of investors lately. The post made by Vitalik Buterin, the co-founder of Ethereum (ETH), about SHIB created a great impact in the market. Buterin announced that SHIB exceeded his expectations and that the value of SHIB, which he donated to charities, increased. This announcement caused a huge stir in the Shiba Inu community. Here are the details…
SHIB statement came from the inventor of Ethereum
Vitalik Buterin, co-founder of Ethereum, made a splash in the cryptocurrency market with his post about the popular meme token Shiba Inu (SHIB). Buterin underlined that SHIB has exceeded his expectations since its entry into the cryptocurrency industry. Buterin said in his post that he donated some SHIB to charity, thinking that the SHIB price would drop a lot. However, he noted that SHIB performed much better than he thought. ETH inventor said:
I quickly sent a pile of SHIBs to charities thinking Shiba Inu would definitely drop 100x, so I had to act fast and was expecting them to cash out like $10-25 million at most. However, SHIB performed well beyond my expectations…
SHIB, which experienced an increase after Buterin’s post, later gave back these gains. SHIB, which experienced a 4 percent increase in 24 hours, currently continues to be traded at $ 0.00003. Buterin’s post is greeted with great excitement by the Shiba Inu community. SHIB’s lead developer, Shytoshi Kusama, responded to Buterin’s tweet, using the hashtag “#SHIBARMYSTRONG.”
SHIB outflow from KuCoin intensified
Meanwhile, according to a report by Whale Alert, 2 trillion SHIB was withdrawn from the KuCoin exchange. This transaction is valued at $62,232,000. It is stated that a total of $ 500 million worth of crypto money was withdrawn from KuCoin in the last 24 hours. cryptokoin.com As we reported, these massive withdrawals from KuCoin came after the exchange’s founders were indicted by the US Department of Justice. The founders are accused of allowing money laundering in violation of the Banking Secrecy Act.
They were accused of being an “illegal money laundering haven” after violating the Bank Secrecy Act. A similar accusation was made against former Binance CEO CZ in recent months. Allegedly, this criminal activity, supported by KuCoin on its virtual facilities, took place between 2020 and 2022. Additionally, the platform received several million US dollars from sanctioned mixer Tornado Cash. He then allegedly made no effort to report any suspicious transfers.
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