Vitalik Buterin Makes Unexpected Shiba Inu (SHIB) Post

Vitalik Buterin shares his view on Shiba Inu situation

The crypto world got a surprise from a big name in the business, Vitalik Buterin. The co-founder of Ethereum  talked about Shiba Inu, a token that lots of traders marked as a quick way to make money and not really serious.

Buterin said he donated a bunch of SHIB to charity, thinking the price would fall down a lot, and he did not think it would be worth much after a few weeks of trading on the market. But, SHIB did way better than he thought it would.

This indirect endorsement from Buterin stands out, as it sheds a favorable light on SHIB's market presence, especially considering its unexpected performance. Looking at the SHIB/USDT daily price chart, a strong uptrend can be spotted. After a phase where the price remained relatively stable, SHIB has exhibited a significant increase in buyer interest. The chart indicates an upward trajectory, with the price moving past the moving averages — a sign often used by traders to gauge market momentum.

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