The founder of Ethereum, Vitaly Dmitrievich Buterin, better known as Vitalik Buterin, with his latest actions collapsed the rate of the Shiba Inu cryptocurrency.
This was preceded by information that the youngest cryptocurrency billionaire in the world, Vitalik Buterin, who won the World Technology Award in 2014 for the idea of Ethereum, made the largest charitable donations to non-profit organizations and foundations.
Buterin transferred 500 ETH (Ethereum) and more than 50 trillion SHIB (Shiba Inu) worth about $ 1.14 billion at the time of the transaction to the India COVID-Crypto Relief fund, which is spending money to help India fight the coronavirus. Now the country has more than 350 thousand cases of Covid-19 disease per day and more than 3,500 deaths per day. The deal caused panic among investors, which contributed to the fall in the SHIB price by more than 35%.
Buterin, who became the youngest cryptocurrency billionaire earlier this month at the age of 27, also donated $ 336 million worth of Ethereum and Dogelon Mars (ELON) to the Methuselah Foundation, a non-profit organization that supports efforts in tissue engineering and regenerative medicine therapies. He also donated over 13,000 ETH to Givewell, a non-profit organization that oversees top charities around the world. Finally, Buterin also made donations to Gitcoin, MIRI and the Charter Cities Institute.
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