A native of Russia and creator of the Ethereum digital currency Vitalik Buterin burned 90 percent of the Shiba Inu tokens which were stored in his wallet. He sent them to a non-existent address.

Burning tokens is their destruction to reduce the number in circulation. Totally, the youngest crypto billionaire got rid of 410 trillion tokens worth $6.5 billion. The rest he intends to send to charity. Earlier, the creators of Shiba transferred half of all coins issued to the founder of Ethereum in order to draw attention to their cryptocurrency.

In May, Buterin donated more than $1 billion to the India COVID-Crypto Relief in the fight against coronavirus in India and other charities.