The worlds first crypto billionaire and the co-founder of Ethereum, Vitalik Buterin has donated an astounding $1 billion of Shiba Inu Crypto to help India fight the coronavirus


Vitalik Buterin first created history by becoming the world’s youngest known crypto billionaire less than two weeks ago. He has now set another record by making one of the biggest ever donations made by any cryptocurrency personality. The billionaire has also shown that the size of his heart is as big as the bucks he owns by donating over $1 billion in crypto to the India Covid Relief Fund and a range of other charities. The Ethereum co-founder transferred 50 trillion Shibu tokens worth $1.2 billion (over Rs. 7,360 crores) to the India COVID Relief Fund, set up by tech entrepreneur Sandeep Nailwal.


India’s second wave has been catastrophic, claiming far more lives each day than in any period in 2020. The World Health Organization said last week that one in every three new coronavirus cases globally is being reported in India. India kicked off May by reporting more than 400,000 new cases. Buterin made the donation by offloading massive amounts of dog-themed meme tokens, which he was gifted by the creators of Shiba Inu coin (SHIB), Dogelon (ELON), and Akita Inu (AKITA).


Nailwal immediately took to Twitter to thank Buterin and assure SHIB investors the funds will be spent responsibly. “We will not do anything which hurts any community especially the retail community involved with SHIB.” it’s unlikely that this amount can be fully realized in rupees however the official handle of the relief fund expressed gratitude to the Ethereum co-founder, adding that it will “do a thoughtful liquidation to ensure” it meets its Covid relief goals. Nailwal plans to use the funds to get oxygen, food, and hopefully even cover the cost of vaccines for poor people. He also aims to keep matter as transparent as possible for which all the spending will be published publicly for complete clarity.

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[Via: TechCrunch]