The rise of meme token juggernaut Shiba Inu has left a major impact on the crypto market, giving projects like Big Eyes Coin hope for similar success.
Driven to the heights of success it has achieved thanks in no small part to Ethereum founder Vitalik Buterin, Shiba Inu has been able to capitalise on meme token culture to take itself to levels that few could have predicted. It also gives hope for new meme token projects, that they may strike similar luck and also have their projects shot to the moon.
How Ethereum and Vitalik Buterin Reimagined Crypto
The Ethereum Network, which had its first public launch back in 2015, took the ideas presented by crypto founders like Bitcoin and ran with them.
Ethereum was fast, diverse, and perfect for other crypto projects to build themselves upon. It showed that blockchain technology could be used for far more than just the transfer of virtual currency, opening the doors for what the cryptocurrency industry could become.
It is no surprise, therefore, that the founder of the Ethereum project, Vitalik Buterin, is revered within the crypto community. Similar to other crypto community icons like Elon Musk, Vitalik Buterin has the power to create major waves within the economy, simply by engaging with projects or talking about them on social media.
This is what happened with Shiba Inu, a meme token built on the Ethereum network that leveraged its engagement with Buterin to take itself to the moon.
Shiba Inu Goes To The Moon With Vitalik Buterin Token Scheme
Getting attention and interaction from Ethereum founder Vitalik Buterin can be argued as one of the primary reasons why Shiba Inu was able to gain the level of success it now finds itself with.
The token, which took the meme token formula established by Dogecoin and reimagined it for the modern crypto user, frequently engaged with Buterin in to get his eyes on the project, even donating significant percentages of SHIB tokens to him to get him on board.
It is a method that worked, with Shiba Inu now sitting firmly in the top 15 cryptocurrencies according to market capitalization. But with projects like Big Eyes Coin on the rise, just how comfortable should Shiba Inu be?
Could Big Eyes Coin Get Ahead In The Meme Token Race?
As a meme token that is the complete opposite of Shiba Inu, it may seem like wishful thinking to believe that Vitalik Buterin will find interest in Big Eyes Coin. However, by looking at the behaviour of Buterin and his engagement with Shiba Inu, this may not seem so far fetched.
For example, consider Shiba Inus’ token donation to Vitalik Buterin, and Big Eyes Coins’ charity wallet.
One of the biggest sources of interest that the general crypto community were exposed to in regard to Shiba Inu was their token donation to Vitalik Buterin, which saw an eye-watering 50% of all SHIB tokens be given to Buterin in 2021.
What Buterin did with these tokens, however, was unexpected. Instead of keeping or distributing the tokens, Buterin donated roughly $1 Billion worth of SHIB tokens to COVID-19 relief funds in India, while burning the rest. It was a testament not only to crypto’s potential to change the world, but also to Buterin’s humility, refusing to hold the tokens despite their value.
Crypto can be used for good causes, and thanks to Shiba Inu, Vitalik Buterin was able to prove this.
On the other hand, Big Eyes Coin has skipped this step entirely, instead opting to put a percentage of its tokens directly into a charity wallet. This wallet, which holds 5% of all BIG tokens, will be donated directly to ocean preservation charities throughout the growth of the project, with the value of these donations based on the value of BIG tokens.
If BIG has a high value, the impact these donations could have has the potential to be astounding. And with his clear eye for charity, who is to say that Buterin would not want to see success for the project?
This is, of course, all speculative, but raises many questions regarding the potential that Big Eyes Coin may have for the future. It is an exciting time for the project, and not something to miss out on.
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