News Flash | Vitalik sends dog! Vitalik transfers out unsolicited dog coins

The "dog coin frenzy" on Ethereum may be coming to an end. Shiba Inu token SHIB, Akita Inu token AKITA, and Musk's Doge token ELON, all initially allocated a majority of their token supplies to Ethereum co-founder Vitalik Buterin as a marketing gimmick. Vitalik has now started transferring these tokens out of his wallet and selling them all: https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b

Dogecoin Donation Causes Ethereum Gas Fees to Spike

Uniswap coin swaps costing up to $500.

Surge in transactions with the Uniswap dog coins series leads to a significant increase in transaction fees:

Proceeds from Dogecoin Sale Donated to Charity

According to blockchain transaction data, Vitalik donated the money from the sale of Dogecoin to the following:

• Crypto COVID India
• Machine Intelligence Research Institute - Artificial Intelligence @ MIRI
• Charter Cities Institute
• Methuselah Foundation

Crypto COVID India expresses gratitude to Vitalik and SHIB for their contributions on Twitter:

We wake up with purpose every day. We wake up to 'emergencies, SOS, urgent, help'.

We wake up to hope every day. We wake up to the work that comes with fixing a little of a large country in despair.

And we also wake up to this @VitalikButerin $SHIBU 🙏🏼🇮🇳💪🏼🩺#CryptoRelief pic.twitter.com/7QhLnxA7dS

— Crypto Relief 🇮🇳 (@CryptoRelief_) May 13, 2021