Vitalik Buterin Shed Light on the Controversial $660 Million Shiba Inu Transaction!

Ethereum founder Vitalik Buterin responded to the controversy surrounding the Shiba Inu (SHIB) donation, providing detailed information. A global policy news site Politico analyzed the total $660 million donation made by Vitalik Buterin to a nonprofit organization focusing on artificial intelligence, as published on March 26. Politico questioned the donation, pointing out that the organization only had $2.5 million this year. On Twitter, a user asked Vitalik Buterin a question regarding the donation, claiming that it wasn’t more than $600 million, contrary to Politico’s report. Vitalik Buterin stated that he expected a significant drop in value in a few days, similar to his experience with Cryptorelief, and indicated that the performance exceeded expectations, as he was planning to send a SHIB equivalent to only $10-25 million. Following Vitalik Buterin’s transfer, Shiba Inu experienced a significant increase in value due to the substantial donation.