On the first day of July, Binanceโs founder Changpeng โCZโ Zhao revealed his latest philanthropic deed to the public. A $10 million donation to Ethereum (ETH) founder Vitalik Buterinโs biotech project was met with appreciation from Vitalik himself, who also thanked Polygonโs (POL) co-founder Sandeep Nailwal.
Vitalik Buterin: From SHIB To Shade?
Despite the good intentions of Vitalik, the message could have been perceived as a lack of appreciation by some. Kaal Dhairya, a highly prominent member of the developer team behind Shibarium, has chimed in to correct the Ethereum founder, reminding him of who helped to establish the Corona relief fund, now known as Blockchain For Impact (BFI).
โSince Vitalik Buterin forgot to mention the billion in SHIB tokens that actually funded Crypto Relief, let me help complete his tweet. Youโre welcomeโ, – ironically touted the Shibarium L2 developer. Indeed, the Shiba Inu (SHIB) dev is referring to the 50% of initial 999T Shiba Inu (SHIB) supply that was allocated to ETH founder Vitalik Buterinโs crypto wallet.
Backstory Of Shiba Inuโs Relief Fund
Back in 2020, Vitalik Buterin helped fund the Crypto Relief with approximately half of his allocated 500T stash, while burning the other half as the first Shiba Inu burning initiative. This has definitely set off a positive example, as now the SHIB supply has been reduced to 584.55 trillion coins.
However, Vitalik Buterinโs reluctance to acknowledge the SHIB Armyโs impact in the crypto relief fund has left the Shiba Inu community wondering what happened behind the scenes: was there a fallout between the prominent devs? The dog embossed meme coin Shiba Inu didnโt react to the news in any major way, as SHIBโs price remained at consolidation.
On The Flipside
- Based on the comments on X, many other strong voices in the Shiba Inu community see Vitalikโs fading of SHIB as selling out.
Why This Matters
Shibariumโs huge success as a Layer-2 network can be majorly ascribed to the loyal & vibrant community behind it. For the past few years, Shiba Inu had a similar following on social media to Dogecoin, making it a contender for snatching the top dog coinโs name in the future.
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People Also Ask:
Shiba Inu developer Kaal Dhairya called out Ethereumโs Vitalik Buterin for not mentioning SHIBโs massive donation to CryptoRelief in 2021. The SHIB Army feels salty that their multibillion-dollar contribution was overlooked.
In 2021, SHIBโs creator Ryoshi sent Vitalik 500 trillion SHIB tokens, and he donated most of itโworth billionsโto CryptoRelief for pandemic relief. Vitalik later burned 410 trillion SHIB, boosting the tokenโs value.
Vitalik recently thanked Binanceโs CZ for a $10M BNB donation but didnโt shout out the community’s historic gift, making the community feel ignored. Kaal Dhairyaโs post was a spicy reminder of SHIBโs role.
The shade highlights the Japanese guard dog-embossed crypto’s major impact on crypto philanthropy, boosting its cred despite being a meme coin. Itโs a flex that could grow the SHIB Army further.
The SHIB team, led by Shytoshi Kusama, is pushing Shibarium and โJul-AIโ projects, aiming to grow the ecosystem. This spat might fuel more community-driven hype to keep SHIB in the spotlight.
