Two disruptive events happened yesterday that got the crypto world talking. Unfortunately, not all publicity is good publicity, as the effects of Elon Musk and Vitalik Buterin's actions may have unintended consequences for the future of crypto. Additionally, it seems like the SafeMoon profit rocket has now stalled into a permanently low orbit of its own making.
THE $50 MILLION TO BILLION DOLLAR RUGPULL
Vitalik’s Re-gift of Unsolicited DOGE Knockoffs Sends Memecoin Prices Plunging
A lot has been made over Vitalik Buterin's "gift" of a billion dollars worth of SHIBA INU. Instead, the real story is a wildly underreported rugpull by the godfather of ETH that makes all of crypto look bad.
Vitalik rugged 'em. Plain and simple.
Yes, it was stupid of the SHIBA INU devs to gift him half the token supply and *hope* against hope that he didn't pull the LP tokens (claim checks for the liquidity provided in a pool) like he did at Uniswap but that's exactly what he did. To the tune of $56M.
