Vitalik Buterin donated over $1 billion in SHIB tokens (over 50 trillion SHIB) to the India Covid Crypto Fund. The Co-Founder of Ethereum also sent over $473 million in AKITA tokens to Gitcoin, a platform where users get paid for working on open source software.
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However, such a gesture of goodwill did not go unnoticed as the prices of meme cryptocurrencies dropped almost immediately. As of press time, SHIB is trading $0.00002198 (down 33.78%) and AKITA is trading at the $0.0000007708, down by 50%.
Sandeep Nailwal, Co-founder of Polygon and creator of the fund, already wrote on Twitter that the fund will not do anything "which hurts any community specially the retail community involved with SHIB."
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