As many of you are learning Vitalik was gifted 50% of the supply of SHIB and many other meme (shit) coin tokens. As this meme hype cycle ramped up these coins began climbing the Marketcap charts worth billions of dollars!
Vitalik did the right thing and swapped his shit coins for precious ETH and donated the funds to Gitcoin Grants to enrich the Ethereum Ecosystem. This will cause a dip in the short term as panic sellers get out but in the end this will boost legit projects and hopefully people have learned a lesson.
Tdlr: Vitalik is a legend and ETH is as bullish as ever.
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