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Vitalik the founder of Ethereum snaps his finger and wipe out the dog tokens. no dog tokens was hurt only the traders.
Backstory: many of the developers of the Dogecoin clones sent the majority of the coin’s circulating supply to Vitalik’s public address as a “proof of burn,” believing that he would not touch it. Well, they were wrong.
This picture says it all. Vitalik impress "Block 3,930,000 Dumping SHIB."
This action causing panic among all the dog tokens resulting in a sell off.
Make a quick google search of Vitalik Eth address to check what will be the next token he will dump. If he is holding your safe, moon, or other doge tokens maybe it is next to be dump.
India Covid-Crypto Relief received a 1B SHIB. GiveWell and Charter Cities Institute also receives a large donations from Vitalik.
Key Takeaway
Vitalik's Eth address is still his ETH address and not a burn address. Do your own research (DYOR) on any token/coin that you will buy.
Will SHIB die, maybe not. Maybe SHIB will one day turn into a charitable token.
The only thing I am really worried about is when the time comes that the Satoshi BTC address will start dumping. This doge token sell off is just a preview of what is going to happen once we found out that Satoshi address is still an active address. I just hope that when that day comes their is enough liquidity to absorbed the dump.
Thank you for reading.
