Ethereum founder Vitalik Buterin had sold 500 trillion Shiba Inu tokens worth $6.7 billion in May 2021. He donated $1.2 billion in cryptocurrencies to a charity in India to help fight against the second wave of Covid-19. However, the ETH founder revealed that selling the enormous tokens was hard and included multiple steps to complete the process. Vitalik compared selling SHIB to a James Bond movie plot, as it took him to make international calls, buy a new laptop among others.
The founders of SHIB had donated 50% of the supply to Vitalik and the access was stored in a cold wallet. To access the tokens, two numbers were written on separate pieces of paper. The ETH founder had to combine the two numbers to generate the private key to sell the meme currency.
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“One of those numbers was with me. The other number was with my family in Canada,” said Vitalik to Cobie and Ledger’s UpOnly Podcast.
”So I had to call up my family in Canada and tell them to read their number to me. I sent my ETH out by generating a transaction and then on a computer that I bought from Target for about $300 for just this purpose.”
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He stated that he also purchased a new laptop just to complete the transaction and underwent various steps. The steps included scanning a QR code, copying it to the laptop, going to Etherscan.io, and disconnecting from the internet.
Vitalik said he downloaded a program to generate QR codes. After generating the Ethereum transaction, he scanned the QR code with his phone, copied it to the laptop, and then put it into etherscan.io/push Tx. Finally, Buterin said he began sending out the tokens and disconnected from the internet immediately after the process was completed.
Selling Shiba Inu Was Like A Plot of a James Bond Movie, Says Vitalik Buterin
Vitalik compared selling his SHIB tokens to a plot of a James Bond movie as it involved various steps with technology. “It was scary and fun at the same time. The scary part is this is more money than I’ve ever had. So it was scary and involved a procedure that would probably make a good plot for a James Bond movie eventually,” he said.
At press time, Shiba Inu was trading at $0.00002139 and is down –4.2% in the 24-hours day trade. The meme-token is down -42.4% since the last 30-trading days and is down -25.7% in the last 14-days. Since the market crash last week, SHIB is down -31.2% in the last 7-trading days.