SHIB Team Excites Community with Bullish Vitalik Buterin Post

As a seasoned researcher with years of experience observing and analyzing the cryptocurrency market, I have to admit that the recent moves by Shiba Inu (SHIB) and Ethereum (ETH) on social media platforms like X have caught my attention. The SHIB team’s “bull” post, reminiscent of Vitalik Buterin’s, seems to be an effective strategy to generate hype within their community. It’s fascinating to see how a simple image with a humorous twist can trigger such excitement and cause a price surge.


The official Shiba Inu account on the X social media network has caught the attention of the SHIB army by publishing a “bull” post that was inspired by Vitalik Buterin.

More recently, the co-founder of Ethereum shared a message on their Twitter account, which sparked a brief surge in the value of Ether.

“Shiba is good,” the SHIB team says

The SHIB account published an image of a bull on a rock. The bull is wearing a piece of paper on a chain and it says “Shiba is good.” The original post with the same bull and a sign “Ethereum is good” was published by the Canadian developer with Russian roots Vitalit Buterin a week ago.

Shiba is Good! 🐂

— Shib (@Shibtoken) August 28, 2024

Vitalik, in recent discussions, was advised to talk less about philosophy and demonstrate more confidence in his own cryptocurrency. In response, he posted a bullish tweet with a cartoon-style bull graphic, which triggered a short-term increase in the price of the second largest cryptocurrency.

On August 27th, Vitalik shared another tweet featuring an AI-created picture that read “Bullish on Flux. Bullish on Ethereum.” This isn’t the first time he’s expressed optimism about Ethereum (ETH), showing his support for ETH at least occasionally as requested.

The SHIB team’s bull post triggered excitement of the Shiba Inu community as they began to publish responses, agreeing with the post and also sharing AI-generated images of Shiba Inu.

In the past day, the second most popular meme cryptocurrency with a dog theme, Shiba Inu (SHIB), has experienced a nearly 4% rise in value. Currently, it’s being traded at approximately $0.00001412.

Vitalik Buterin holds almost all his fortune in ETH

In a recent tweet, Vitalik revealed some important details related to his cryptocurrency wealth. The first thing is that he holds 90% of it in Ethereum.

Because he firmly believes in the crypto’s future as a reliable form of value storage and its massive potential as a Decentralized Finance (DeFi) network, he expressed this belief. This openness sparked enthusiasm within the Ethereum community, demonstrating their eagerness.

In another tweet, Buterin disclosed his annual salary at Ethereum Foundation, which is around 182,000 SGD or approximately $139,500. Nevertheless, Forbes data from 2022 indicates that his overall cryptocurrency fortune surpasses the billion-dollar mark, worth about $1.5 billion in crypto assets.

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2024-08-29 11:05