Ethereum came under significant pressure last week as its value collapsed midweek. The cryptoasset fell sharply on Wednesday, from trading around $2,350 to now hovering just over $2,150.

Ethereum (ETH) co-founder Vitalik Buterin, who was sent 50% of SHIBA INU’s (SHIB) token supply by the founders of the so-called Dogecoin (DOGE) killer coin, has burned a substantial amount of the gift.