Ethereum co-founder Vitalik Buterin recently joined X Shiba Inu He created a huge buzz in the broader crypto market by posting a post praising the coin. This post from Ethereum’s co-founder, dated March 27, underlined that SHIB has performed better than the market and Vitailk’s expectations since its entry into the crypto world.
This relates to Vitalik’s massive Shiba Inu donation to the Future of Life Institute FLI, a non-profit firm that aims to develop stringent safety rules around artificial intelligence (AI). Meanwhile, SHIB cryptocurrency recorded a significant upward move today, in line with the optimism born from Vitalik’s post, and was trading above the $0.3 mark at press time.
Vitalik’s Shiba Inu Donations
Vitalik’s post on X according to, the SHIB donation sent to FLI left the impression that undervalued assets were donated to the industry. However, reflecting SHIB’s recent significant rises, these donations are now worth over $600 million, creating a frenzy in the market.
On this topic, Vitalik reminded of an earlier similar chronicle, noting his donations to CryptoRelief India during the COVID period. Recalling this incident, Vitalik emphasized that he “quickly sent a pile of SHIB, thinking that it would definitely fall 100 times in a few days.” However, meme coin performed better. EthereumThis phenomenon, highlighted by the co-founder of , quickly gained traction in the broader crypto market in line with today’s price rally of the Shiba Inu.
It’s the same situation as with cryptorelief: I quickly sent a pile of SHIB, thinking it would surely drop 100x in a few days so I had to act fast, and expecting they would be able to cash out at most like $10-25m. But of course SHIB massively outperformed my expectations…
— vitalik.eth (@VitalikButerin) March 26, 2024
NEWS CONTINUES BELOW
Shiba Inu Price Is Rising
At the time of writing this news, the price of the Shiba Inu token has increased significantly by 8.27% in the last 24 hours. It is currently trading at $0.00003133. Following an 8.11% increase in the token’s market cap and a 40.48% rise in 24-hour trading volume, SHIB has created bullish waves in the vast crypto sea.
This rise was further consolidated when derivatives data released by Coinglass showed a bullish trend for SHIB in the market. Meme coin’s open interest increased by 17.86%, while its volume on the derivatives market rose by a staggering 76.21%, indicating increased market activity and significant inflows. While Vitalik Buterin’s statements further fueled this rise, this situation painted a portrait of a collective rise for Shiba Inu today.
