Vitalik Buterin: "SHIB tokens exceeded all my expectations"
Ethereum co-founder Vitalik Buterin admitted that memcoins, which he donated to charity, have increased in price contrary to his own forecasts.
Vitalik Buterin responded to a tweet from Frostwork director Nathan Young. The businessman mentioned the non-profit organization Future of Life Institute (FLI), which specializes in research in the field of artificial intelligence (AI). Nathan Young was surprised that donations in SHIB tokens for this organization are estimated at almost $600 million.
FLI was one of the recipients of donations to SHIB from Vitalik Buterin. In May 2021, the co-founder of Ethereum burned 410 trillion shibs worth $7.4 billion, and donated the remaining tokens to charity. The FLI case is similar to the situation with the Indian charity organization CryptoRelief, where Buterin also sent 50.6 trillion SHIB. At that time, the value of the tokens was estimated at $ 1.2 billion.
"I hurried to send more SHIB tokens to CryptoRelief, thinking that in a few days they would probably collapse a hundred times. We had to act quickly so that the recipients could cash out $10-25 million before the exchange rate dropped. And, of course, the SHIB coins have significantly exceeded all my expectations," Buterin wrote.
The Ethereum co-founder has underestimated the memcoin market before. In 2022, he criticized the excessive attention of the crypto community to the Bored Ape Yacht Club (BAYC) collectible tokens, comparing NFT to a casino. Buterin expressed regret that celebrities earn billions on NFT, whereas tokens could be used to solve social problems.
Source: https://bits.media/vitalik-buterin-tokeny-shib-prevzoshli-vse-moi-ozhidaniya/
