Major Shiba Inu burn service revealed how Vitalik Buterin failed to give SHIB price staggering push
The Canadian IT prodigy with Russian roots could have given tremendous momentum to the Shiba Inu price back then. However, it did not happen, and Shibburn has clarified why.The Shibburn account reminded the community that in early 2021, the mysterious founder of the Shiba Inu coins Ryoshi sent half of the one-quadrillion. That amount of meme coins was worth $6.7 billion back then after the price jumped in May 2021.
Shibburn claims that Buterin did not burn the SHIB he received when the price was surging but did it several months later when he sent 90% of his SHIB received from Ryoshi to a dead-end blockchain address. The Shibburn account stated that the large price jumped from $0.0000076 as high as to reach $0.00003469 on May 11, due to the high demand opening for SHIB as more and more investors discovered the ambitious new meme coin and started buying it. Buterin burned his huge SHIB lump after the price went up. After the price increase, it was worth the above-mentioned $6.7 billion. Prior to that, it was evaluated at $1.7 billion, per Shibburn.
Therefore, as the account seems to suggest, if Buterin had sold it a couple of weeks earlier, he could have helped SHIB jump to a price level much higher than it occupies today — 46 million % growth since 2020, per the X post. Buterin's timely burn could have made it bigger than that, perhaps.
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