Violet Vallaya
Shiba Inu ($SHIB) has surged to the top of the Coinpedia Markets, ranking first in the top 5 crypto markets. The altcoin has seen an 8% surge, reaching a value of $0.000031.
Coinpedia Markets, a leading platform for cryptocurrency market data, has witnessed Shiba Inu’s rise to the top of its rankings. The platform provides comprehensive information about various cryptocurrencies, including their current prices, market capitalization, volume, supply data, and more.
The surge follows a generous donation by Ethereum co-founder, Vitalik Buterin, who donated a staggering $600 million worth of Shiba Inu to the Future of Life Institute (FLI), a non-profit organization.
The Future of Life Institute, the recipient of Buterin’s donation, is a non-profit organization that aims to mitigate existential risks facing humanity, particularly artificial intelligence.
This is not the first time Buterin has been associated with SHIB. During the COVID-19 pandemic, he donated 50 trillion SHIB, valued at over $1 billion at the time, to the India Covid Relief Fund.
The Shiba Inu community has been instrumental in supporting various causes. Buterin acknowledged the community’s contribution to an artificial intelligence grant program, which he backed. The grant, named the Vitalik Buterin Ph.D. Fellowship in AI Existential Safety, supports students starting Ph.D. programs in the United States, U.K., or Canada who plan to work in AI existential safety research.
Shiba Inu’s rise in the crypto market has been nothing short of phenomenal. Despite early skepticism, the altcoin has become a worldwide phenomenon, accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
Aside from that, Shiba Inu (SHIB) has witnessed a rapid upsurge, soaring by an impressive 7% yesterday. The altcoin has also emerged as the second most searched cryptocurrency in Europe.
