10 Trillion SHIB Tokens SENT BACK! Shiba Inu Coin Price Prediction 2021 Shiba Inu News Today

[Music] after such a great hike in the price of shiba inu coin recently we got some interesting news related to shiba inu india coveted relief fund what happened to those 50 trillion tokens sent by vitalik butering to india covet relief fund why more than 10 trillion tokens sent back these questions will be answered today further we will also analyze how this massive transfer will impact sheba e new price so stick around for that because today's video is full of interesting updates let's raise the shiba army hype by hitting the like and subscribe button also we're giving away 200 at the end of the month to our two random subscribers to start them on their crypto journey to enter all you need to do is like the video subscribe and comment your favorite crypto coin in the comment section down below so without further ado let's dive into the topic the major news is that the india crypto relief fund returned more than 10 trillion tokens back to a wallet address this is about 20 of tokens sent by vitalik butering as a donation to india is this good or bad news for sheba holders well let's find out if you didn't know what this is all about then we need to understand what happened in may 2021 what was this donation about and why vitalik buterin did this this was all started with the creation of the shiba inu coin with the purpose to outperform dogecoin sheba e new coin launched in august 2020 is an experiment in decentralized spontaneous community building developed by ryoshi and his developer team after creating almost four quadrillion tokens ryoshi did something unexpected which helped sheep to gain popularity a huge portion or almost 50 percent of the total supply was gifted to their benefactor vitalik buterin the coin's official website has also stated that the 50 percent of the total supply was burned to vitalik buterin implying that the tokens have been permanently removed from the circulation or at least it was what developers presumably envision they expected that vitalik will not use them and half of the supply will be burned no one knows if this was done to gain social media fame or to get recognition in the crypto world but vitalik did something opposite he gave 50 trillion sheep tokens worth around 1.2 billion dollars at the time to an india coveted 19 relief fund set up by polygon founder sandeep nailwal this was done to help india to fight covet as india was suffering at peak against covet this action of vitalik acted as a strong positive catalyst and sheba actually gained a lot of fame at that time further budaran even urged coin creators not to send large amounts of tokens to individuals or charities without their consent he said that he doesn't want to be a locus of power of that kind the ed co-founder added that it is better to just print the coins into the hands of a worthy charity directly but how this donation was used what happened to the remaining amount and most importantly how this will affect sheba enews price a few days back the official twitter handle of india's crypto covid relief gave information that they have used 80 of the donation in covid relief for india and returned the balance of 10 trillion tokens back to an address as per their post on twitter they said we've transferred the remaining 10.1 trillion sheep tokens to at winter mute underscore t details of the proceedings shall be shared over the next five days they also gave etherscan transaction details of this transfer after a while they gave summary of the fund utilized and dates tokens were converted into usd they added that we've converted 80 percent of vitalik buterin's donation for a total proceeds of 387 million 683 3988 the remaining 20 percent is also transferred to winter mute but the question arises to whom this wallet belongs why they did not send it back to vitalik buterin as per the details in the tweet this wallet belongs to wintermute wintermute is a leading global algorithmic market maker in digital assets they create liquid and efficient markets on centralized and decentralized trading platforms and off exchange but how these 10 trillion tokens will be used will winter mute burn them to cut these token out of the circulating supply well this is still unsure how these 10 trillion tokens will be used by wintermute but if they have a plan to burn these then it will definitely act as a strong catalyst for shiba inu and can help shiba inu to cut few zeros out of the price not only this this burn action will also create social hype and more people will show interest in this coin this social hype can further help to raise shiba inu price exponentially but if we consider another perspective many sheba fam is saying that wintermute will cash out these tokens and supply will increase by 10 trillion tokens if this is going to happen then we can expect a little price drop what do you guys think about this do let us know in the comment section below but it is interesting to see how shiba inu price is active toward this big move shiba inu is still at an eight percent gain in the last 24 hours we can see a little bit of price correction lately but the price recovered and gained its value currently one shiba inu coin is worth dollar 0.0008274 with the 24 hours trading volume of 548 million dollars the total market cap of shiba inu today is three billion two hundred million dollars the good news is sheba didn't take any load of this and the price is almost ready to cut one zero out of its price not only this the market cap and number of active shiba holders are increasing exponentially this is all because of the recent listing done by coinbase and binance u.s these listings helped sheed to gain more than 35 percent in just one day it is not ending here robin hood is also working to list shiba inu on its platform if this happens it will give more exposure to crypto traders resulting in a price increase another big update as shiba inu developers are coming with something new shiva inu official handel tweeted that something special is in the works shiptastic things are on the way stay tuned for all the perks all for the sheep army to play shabarmi is still asking in the comments what this shiptastic is is this hint to the massive algorithmic burn everyone is waiting for definitely it will be good news for shiba holders so let's wait for what they have coming for sheba holders make sure you subscribe to crypto science so that we can provide you instant updates for any major move from sheba developers with this we have come to the end of the video thank you for watching if you enjoyed it please give this video a huge thumbs up subscribe to the channel let us know in the comments your views on the sheba enu token and make sure to turn on the post notifications to get notified every time we post a new video before ending this kindly note that prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice trading advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only and hence should not be considered as financial advice do conduct your own due diligence and consult your financial advisor before making any investment decisions [Music] you

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