Vitalik Dumping $700,000 Including $SHIK

Shikoku Inu Family

Website: https://shikoku.io

On launch Vitalik was airdropped 500 trillion tokens with an open letter:

https://shikoku.io/letter.pdf

https://etherscan.io/tx/0x3feadf4902e586fe67bd73ccb37f42118d882f9392bc062120871fb6b3540c 1a

On 7th March, around 4am UTC, Vitalik sold all 500 trillion #SHIK tokens for 379 ETH:

Transaction 1 (214 ETH): https://etherscan.io/tx/0x31bad8408dd5eaff1883445eb88df606755bb560df45d4a2327526f172a0b 814

Transaction 2 (72 ETH): https://etherscan.io/tx/0xe48e17e0a1baf1fcf966c201701a725bef7ed73296550fa47f1973a2059201 49

Transaction 3 (90 ETH): https://etherscan.io/tx/0xe99a5097f8522e0a7587bc3a412add4743d00daab377ad1e3e59618b69c0 b9f0

From Transactions 2 and 3, he stored those ETH within his personal wrapped Ethereum wallet:

https://etherscan.io/token/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2?a=0xab5801a7d3983 51b8be11c439e05c5b3259aec9b

However the most interesting movement is Transaction 1. Vitalik moved 214 ETH to a wallet called the ETHDev:

https://etherscan.io/token/0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2?a=0xde0b295669a9fd 93d5f28d9ec85e40f4cb697bae

This wallet is the ETH Foundation wallet.

What is the ETH Foundation wallet: What’s The Ethereum Foundation Anyway?

According to Ethereum’s official site: https://ethereum.org/en/foundation/: “The EF is not a company, or even a traditional non-profit. Their role is not to control or lead Ethereum, nor they are the only organization that funds critical development of Ethereum-related technologies. The EF is one part of a much larger ecosystem.”

The Ethereum Foundation distributes funds to developers via the Ecosystem Support Program and the Fellowship Program, organizes Devcom, and more. To do all that, they surely need Fiat currency in some capacity.

With this information, do with it what you wish but I think Vitalik has sent a signal to #SHIK family that he has used some of that funding to help support developers..

Vitalik - you profited of free money here. Donate the remaining 165 ETH to a good cause and give the community of SHIK the recognition they deserve for helping. They are a great decentralised community.

https://coinmarketcap.com/alexandria/article/vitalik-buterin-dumps-dollar700000-of-memecoins-and-hodlers-are-not-happy

What happened to Shiba Inu after Vitalik dump?