Shiba Inu (SHIB) Plunges as Vitalik Buterin Removes Liquidity from Uniswap Pool
u.today 12 May 2021 15:34, UTC
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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 token's total supply from developers.
Apart from SHIB, he's actively selling Akita Inu (AKITA) tokens that were also sent to him by devs.
SHIB is currently down almost 40 percent over the past 24 hours, according to CoinMarketCap data. 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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