Sign In
{The Crux brings you crisp and incisive analysis on the developments that matter.}
The News: Vitalik Buterin, the 27-year-old cofounder of Ethereum, has donated more than $1 billion worth of Shiba Inu, a meme coin, to India’s Crypto Covid Relief Fund, causing a flutter in the community and raising questions around whether the price of the asset will hold.
He also contributed 500 Ethereum coins to the fund, according to a Techcrunch report. Ethereum was hovering at Rs 3 lakh ($4,075) per coin on May 13, 2021, making the contribution worth about $2 million. Earlier, on April 25, he contributed $600,000 worth of Ethereum and Maker currencies (100 each) to the fund.
Prices of both these coins have increased since and combined are worth over $860,000 now.
In addition, access 50+ archived articles and 3 new articles every month
Sign In
Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds
Blume Ventures
The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.
Convinced that The Captable stories and insights
will give you the edge?
Convinced that The Captable stories
and insights will give you the edge?
Subscribe Now
Sign Up Now
