The cryptocurrency community received an unexpected update from a prominent figure in the industry, Vitalik Buterin. As the co-founder of Ethereum, Buterin discussed Shiba Inu, a token that many traders viewed as a speculative investment rather than a serious venture.

Buterin revealed that he made a significant donation of SHIB to charity with the belief that the token's value would drastically decrease over time. However, Shiba Inu's performance exceeded his expectations, leading to a surge in interest and market presence.

The accompanying SHIB/USDT daily price chart displayed a noticeable uptrend, indicating an increase in buyer activity. The chart also showed the price surpassing moving averages, reflecting positive market momentum according to trading indicators.

Currently, SHIB is nearing a resistance level where it has historically faced selling pressure. Breaking through this level could strengthen investor confidence and potentially drive further gains. Conversely, a solid support level exists, offering a foundation for future growth if current buying interest persists.

The combination of Buterin's comments and SHIB's price movements suggests that the token may possess underestimated strength in the market. Despite Buterin's lack of direct guidance or bullish predictions for Shiba Inu, the endorsement from a major industry influencer could substantially benefit the token's value and reputation.