Vitalik Buterin Dumps His SHIB, Price Tanks 30% In 1 Hour
Ethereum inventor, Vitalik Buterin, might have single handily put a halt to the meme coins mania, at least, in the short term. Buterin was the recipient of 50% of the entire supply of Shiba Inu (SHIB), a token that saw a surge in interest after major exchange platforms added it to their products for the spot and derivatives market.
In a donation spree, Vitalik Buterin sent his SHIB tokens, along with ELON, MIRI, and AKITA to several charity foundations. Ethereum core developer Hudson Jameson made a list of the charity project and the amounts they received.
Never a dull day indeed.
Today was among the busiest in recent DeFi memory, featuring a hack worth eight figures, a token dump worth upwards of eleven from none other than Ethereum co-founder Vitalik Buterin himself, a significant update on institutional adoption from Aave, and a proposal on Uniswap’s governance forums to turn $UNI into a governance token a proposal once again courtesy of Vitalik. Rapid reactions, roughly in chronological order (assuming my memory isn’t totally fried from today):
Aave announces permissioned institutional trial pool
I had the distinct pleasure of chatting with Ajit Tripathi, the head of institutional business development for Aave (who is also an excellent Twitter follow BTW) about the initiative earlier this morning. The key quote from him is that the test pool is in an “advanced” state, and will likely be live and ready for production as a permissioned market with KYC/AML features soon.
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