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The Creator Of Ethereum Was Unwittingly Gifted Half Of A Dog Meme Cryptocurrency. That Gift Is Now Worth $14 Billion

Vitalik Buterin owns around 333,000 Ethereum coins. As of this writing, a single Ether coin will cost you around $4,100. So Vitalik's stash of 333,000 are officially worth…

$1.4 billion

Yet that's not the number you see right now on Vitalik's public wallet.

Here's a screenshot of the public wallet:

$16.3 billion…

Where's that other $15 billion coming from? This is a truly insane story that only makes sense in the completely bonkers crypto world.

According to a story first reported by the website decrypt.co, roughly $14 billion if Vitalik's wealth came in the form of A GIFT. The gift was given to him by the creators of a dogecoin knockoff called Shiba Inu, aka "SHIB."

Buterin has nothing to do with SHIB and he had no idea about the gift.

Last month the creators of SHIB released a white paper, which they called a "woofpaper". In the woofpaper they revealed that they sent 50% of all SHIB, roughly 505 billion coins, to Vitalik's wallet without his knowledge.

At the time they made the transfer, 505 billion SHIB were worth around $8.6 million thanks to it's price of $0.000000017.

The value of SHIB has increased more than 700% in the last week alone. It increased nearly 4,000% the week of 4/20. The price roughly doubled in the time I began writing this article on Sunday afternoon, May 9 and Monday morning, May 10.

When you include Vitalik's holdings, SHIB is the 12th-largest cryptocurrency in the world.

Vitalik's unwittingly gifted collection of 505 billion SHIB are worth…

$14 billion

It appears as though a bunch of other stunt coins have begun gifting Vitalik huge shares of coins as well. As of this writing, I count dozens of random coins in Vitalik's wallet. His third-largest holding (after Ether and SHIB) is a coin called Akita Inu. As of this writing, Vitalik owns $700m worth of AKITA. He also owns $265 million worth of Dogelon and $21 million of HuskyToken.

When you combine all of these holdings, Vitalik Buterin's net worth is…

$16.3 billion

At $16.3 billion net worth, according to our list of the richest people in the world, Vitalik Buterin currently ranks at…105

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    • Crypto is mad
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      • Crypto is awesome and mind blowing...so much to optimize with digitalization of assets 😎✌🏽

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