Wait, what happened with Shiba and Vitalik?
When Shiba was created last year they dumped half of their entire supply (1 quadrillion total supply) into Vitalik's wallet (500 billion) without consent....they said that "burned it to Vitalik's wallet" but its not exactly burned. They just dumped it there without his consent. Other crypto's have done so as well.
Ok so Shiba went up over 2500 percent or more in just a couple of days, it was crazy. My $250 investment hit almost $7k it was nuts and then all the sudden it started dipping and word got out that Vitalik out of nowhere gave the India Crypto Foundation 1 billion USA dollars worth of Shiba, which was 5% of his entire Shiba Wallet supply to help with the crisis.
Sooooo....of course there is FUD, why the hell is Vitalik diluting our supply without our consent? And why didnt the Shiba developers make it more clear that Vitalik has access to these funds?
Anyways to make a story short, there was massive backlash because he destroyed the fire storm Shiba was making in the crypto world. People were selling off their eth accounts and boycotting Vitalik, lol I held the entire time, I wasnt upset about the 1 billion for donation but the fact that he has another 45% of his wallet available to do at his pleasure made alot of FUD including myself.
Soooo...My 7k wallet hit as low as 2,600 by early this afternoon after a few days (Think of all the people that bought in high and lost thousands within hours!!!.) This late afternoon Vitalik came out and announced they he is permanently burning all but 10% of the remaining wallet which he will use for future donations and the Shiba world is now forever happy, except those who sold off of course.
The Shina Swap exchange is being stress tested tomorrow and out soon so I think we are all doing fine.