Buterin $7B SHIB Burn Among Largest On-chain Transactions Ever.

The transaction occurred in May 2021 and involved the majority of Shiba Inu tokens given to Buterin as a gift.

Vitalik Buterin’s unprecedented Shiba Inu burn of $7 billion worth of assets is now regarded as one of the most significant on-chain transactions ever. The Ethereum founder incinerated the SHIB tokens as far back as May 2021.

The 2-year-old milestone was recently highlighted when Conor Grogan, Director of Product Strategy & Business Operations at Coinbase, sought to call attention to the largest on-chain transactions across multiple blockchains.

(By ALBERT BROWN)