Cryptocurrency Q&A
How much shiba did vitalik burn?
How much shiba did vitalik burn?
EmmaWatson
Thu Jun 13 2024
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5 answers
937
Could you please clarify for me, how much Shiba did Vitalik actually burn? I'm interested in understanding the significance of this action and its potential impact on the cryptocurrency market. Was it a substantial amount that could potentially affect the overall supply and demand of Shiba tokens? Or was it a relatively small portion that might not have a significant effect? I'm curious to know more about this event and its potential consequences.
5 answers
Tommaso
Sat Jun 15 2024
The destruction of a significant portion of the SHIB token has generated widespread attention in the cryptocurrency community. The magnitude of the burned amount is staggering, amounting to nearly half of the total circulating supply of SHIB.
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Emanuele
Sat Jun 15 2024
This burn event is a testament to the impact of individual holdings within the crypto ecosystem. Ethereum co-founder Vitalik Buterin's decision to dispose of 90% of his SHIB holdings has sent shockwaves through the market.
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AzureWave
Fri Jun 14 2024
The burned coins, valued at an astonishing $6.7 billion, represent a significant portion of Buterin's personal wealth tied up in cryptocurrency. His move underscores the volatile nature of digital assets and the risk associated with investing in them.
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Maria
Fri Jun 14 2024
BTCC, a renowned cryptocurrency exchange headquartered in the UK, offers a comprehensive suite of services that cater to the needs of crypto enthusiasts and investors. Its platform enables users to trade spot and futures contracts, securely store their digital assets in wallets, and access a range of other crypto-related services.
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Michele
Fri Jun 14 2024
BTCC's spot trading service allows users to buy and sell cryptocurrencies at current market prices, providing liquidity and convenience for those looking to capitalize on short-term price movements. Its futures trading platform offers leveraged trading opportunities, enabling investors to amplify their potential profits or losses.
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