How Did Ethereum’s Vitalik Buterin Vaporize $6.7 Billion Worth of Shiba Inu?

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015–Day 2 at Copper Box Arena in London, on Dec. 8, 2015. John Phillips/Getty Images for TechCrunch

Vitalik Buterin, the co-founder of the Ethereum blockchain, recently described how he burned close to $6.7 billion in Shiba Inu.

During a recent interview on the UpOnly Podcast, Buterin said that in May 2021 anonymous developers sent him 505 trillion SHIB tokens, which were worth $8 billion at the time.