ca
4 years ago in LeoFinance by bitcoinflood (79)
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So Vitalik sent $1.2 billion worth of SHIB to an Indian covid charity.
But for them to have that money actually help them, won't they have to dump it?
And if you dump 50% of a token's supply, or even know that 50% of a token's supply is now open to be dumped, the project is sorta screwed at least in the medium term?
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Yep, I believe so anyone holding on to that is in for a rude awakening. It's kind of a punch to the face to meme coins which I honestly welcome gives people a reality check things were getting out of hand. Honestly so many trash coins launching simply to make a quick buck. It's damaging to all of crypto when that starts to happen. Also goes to show you the crap that goes on behind that most don't know about. Imagine investing in that or other tokens without knowing about premines etc. Shocking wake up call the market needed? I think so.
Those $1 billion worth of SHIB and other meme tokens will not be of that much worth by time charities figure out on how sell them.
Maybe India bans crypto by that time. Right now we are already facing banks not providing proper services to the crypto exchanges.
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seeing those coin are up for dump, wouldn't it being dump earlier by the bag holder rather then the charity itself? i have read a bit of this Shiba and Vitalik story, but at the moment we might want to say a bit of farewell for the cute looking shiba.
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I think it’s great that he dumped those men coins because they tried to bribe him and they seem to be trying to piggyback on the popularity of Doge. I suspect many of their investors will get recked.
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I am not in any hype coins because it doesn't fit my investment strategy. I don't like that the only use case is basically the network and its even worst since its on ETH for the gas fees.
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Nobody wants hype tokens so use them for charity instead. Nice move. I hope they will be of some use now. 😜
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I mean I don't think I could have thought of a better way to do what he just did lol
He is one of the most intelligent men in the space. No wonder. 🚀🤣
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Yay! 🤗
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