This is not humanitarianism. He is giving away useless tokens. It is money created out of thin air and given to him for free. It is performative charity and nice publicity for ethereum but it is an action that cost him nothing at all. I guess it's better than buying lambos and Rolex watches, which is what all the other shitcoin developers are doing with their pre-mined wealth.
You guess? Even if he didn't cash out, he literally owned that money. Way to undermine the effort.
I feel sorry for those Shiba holders or investors, it might this coin now dumped and Vitalik is their big whale.
IMO, feel bad with the people who went into Shiba investment to gain profits and then realizing just after their glorious celebration, one of their biggest coin investor has been sold to be donated in India. Like seriously? How on earth did Vitalik decide to do it?
Let’s just say that Vitalik was able to help a lot of people in need, but I don’t think it has to be investors and the people who stayed in the cryptocurrency who has to suffer and get punished for it. This might be the main reason why Shiba went to the floor and this is really hurting their heart. Well, this is how it is so I think we just had to handle it and I hope the money will put it into good use and that's a great help to them.
They would have suffered eventually. "Investors" knew the risks and it would have crashed eventually as it didn't have any serious use case or reason to exist. Shiba Inu didn't bring anything new to the table and everyone knew this. Maybe people will learn from this but i doubt it.
Saying is: "Your keys, your money" and everyone who bought in, bought in knew that Vitalik owned more then 50 trillion tokens. Somehow they thought that Vitalik would endorse a token that has zero innovation and makes this whole space look scammy.