AFAIK Buterin never wanted these coins, which is why he donated them. What happens with them after that really isn’t his concern. It’s still free money
He gave away a lot and burned the rest, thus theoretically creating scarcity which should play in favor of the price. Then again, SHIB is a hyped shitcoin, it was never going to be worth much in the long run and it’s remarkable that it even reached the price it has right now.
Creating such a token can be done within an hour.
If the COVID relief fund gets stolen by officers, then that is unfortunate to say the least but once again, all things considered, Buterin did the best thing he could.
There's also the issue that, since nobody is going to use it to trade commodities or actual goods and services, the value of this coin is entirely based on speculation of its future value by investors.
Doge also started as meme coin, no utility but now slowly becoming a coin of choice for at-least transaction between two parties. who know how DOGE and SHIB turn out in near future.