Shiba Inu Coin was "Rug Pulled" by Vitalik Buterin. How long can Zootopia remain crazy?

Etherscan chain data shows that on the afternoon of May 12, Eastern Time, Ethereum co-founder Vitalik Buterin withdrew 95% of the liquidity (more than 2 trillion SHIB) from the Uniswap pool of Shiba Inu (SHIB).

The Internet often compares this behavior to "Rug Pull", which describes people standing on a carpet and suddenly the carpet is pulled away, as shown in the following picture:

Buterin is the largest Shiba Inu coin whale. The anonymous developer previously sent 50% of the total supply of SHIB to the Vitalik wallet and said: "There is no greatness without fragility. As long as VB does not Rug Pull us, SHIB will continue to exist and develop."

In addition to SHIB, V God is also selling "Akita Inu" tokens (Akita Inu: AKITA), which were also given to him by the developer. Buterin took this opportunity to clean up his crypto wallets, 660 billion Shiba Inu (SHIB), 140 billion Akita Inu (AKITA) and 43 billion Dogelon Mars (ELON), plus 13,291 WETH withdrawn from Uniswap, were converted into 15,719 Ethereum, worth about $63 million.

CMC data shows that in the past 24 hours, SHIB fell nearly 40%, AKITA fell nearly 50%, and ELON fell 90%.

However, the losses of AnimalCoin speculators benefited charity, with Buterin sending more than 16,000 ETH and these dog-themed tokens to various charities, with the largest sum (13,292 ETH) being sent to the nonprofit charity Givewell.

As of press time, Vitalik sent 500 ETH (over $2 million) and 10% of his personal liquidated SHIB tokens to Crypto COVID India, the Indian COVID relief fund.

ELON tokens and 1,000 ETH sent to the Methuselah Foundation’s Coinbase wallet;

Gitcoin, the Ethereum open-source development foundation, has received $5 million worth of AKITA tokens.

Over the past period of time, the crypto market has been "pigs and dogs flying together", and the surge in various air coins has made investors feel like they have entered "Zootopia". It is reported that a SHIB token holder turned $17 into $5.9 million in less than a year. A large number of newcomers are attracted by the huge profits, and the old players in the cryptocurrency circle who have been hoarding coins silently can only watch the market continue to go crazy. Everyone knows that this is an unhealthy big bubble, but no one knows when the game will stop.

Wan Hui, founding partner of Primitive Ventures, launched a poll on Twitter: "As an industry leader, Vitalik's withdrawal of SHIB liquidity is __"?

56.6% of voters believe it is positive. As a thought leader in the crypto industry, Vitalik Buterin should stand against useless air projects. His behavior may be detrimental to the market in the short term, but in the long run, it will help shift the focus to crypto projects that provide utility.

Others said it was totally unfair and undermined people’s trust in the decentralized network.

The Block's director of research said: "Vitalik 100% rugged these meme token investors... I wouldn't be surprised if this leads to lawsuits."

In this "Zoo" drama, are you a spectator or a participant?