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#VitalikButerin , the founder of Ethereum, has praised #Shiba Inu for its exemplary performance
Buterin praises Shiba Inu's performance
Vitalik Buterin, Ethereum co-founder, praised the Shiba Inu SHIB network after a meme currency transaction. The crypto coin SHIB gained in the previous 24 hours after his comments.
Shiba Inu Outshines
On X (previously Twitter), Vitalik said “ $SHIB massively outperformed” his expectations. He said that he gave SHIB to the Future of Life Institute. An Ethereum co-founder said he made this payment early out of concern that it might take a lengthy to complete.
- Vitalik praised Shiba Inu, indicating the transaction was executed quicker than planned. In his tweet, Vitalik mentioned a “crypto relief” issue, and this isn't the first time the Ethereum co-founder has donated meme coins.
Vitalik gave the crypto campaign relief over $1 billion in crypto, including 50 trillion SHIB tokens, in May 2021. Polygon co-founder Sandeep Nailwal launched that Indian COVID relief fund to aid with the increasing number of instances.
The meme currency developer sent Vitalik 500 trillion SHIB tokens, which he donated. Vitalik burnt 420 trillion SHIB coins, roughly half of the token's circulation supply. This was to boost the meme coin, he said.
Shiba Inu's Development
Since the meme currency emerged in 2020, Vitalik's latest comment on Shiba Inu shows how the ecosystem has matured. SHIB went from a meme currency made for fun to a useful crypto asset. With Shibarium, its usefulness has grown.
#Shibarium speeds up transactions and lowers gas prices to benefit Shiba Inu. Thus, Vitalik is becoming more familiar with Shiba Inu than when he bought the meme currency in 2021. His comment verifies this and may provide a much-needed endorsement.
