Shiba Inu (SHIB) Plunges as Vitalik Buterin Removes Liquidity from Uniswap Pool

Shiba Inu (SHIB) Plunges as Vitalik Buterin Removes Liquidity from Uniswap Pool

The end of canine meme coins? Vitalik Buterin has removed 95 percent of liquidity from a Shiba Inu pool

Ethereum co-founder Vitalik Buterin has removed 95 percent of liquidity from a Shiba Inu (SHIB) Uniswap pool. This amounts to 13,291.13 ETH and the equivalent sum of SHIB.  

Buterin was undoubtedly the biggest Shiba Inu whale after receiving 50 percent of the cryptocurrency’s total supply from developers. SHIB’s initial supply was a whopping 1 quadrillion tokens, but half of them were locked away.        

Shiba Inu’s “woofpaper”—which was released on May 1—cited the project’s co-founder who saw VB’s holdings as a “vulnerable point.”

Apart from SHIB, Buterin is actively selling Akita Inu (AKITA) tokens that were also sent to him by the devs.       

SHIB is currently down almost 40 percent over the past 24 hours, according to CoinMarketCap data. This comes after the Dogecoin-inspired canine meme token exploded in price after this week’s Binance listing. 

AKITA is also under severe pressure, plunging by nearly 50 percent.     

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