$SHIB started with a massive supply of 1 trillion tokens, but 2021 brought an unexpected twist. The coin's anonymous creator, Ryoshi, made the bold decision to send half of the supply to Ethereum co-founder Vitalik Buterin. In a surprise move, Buterin burned 90% of these tokens, essentially removing them from circulation, and donated the remaining 10% to charity.
Can You Catch the Next Wave?
2021 has been a tumultuous year for $SHIB, marked by extreme volatility. On May 11, the coin skyrocketed by 1,953%, rising from $0.00000172 to $0.00003532 in just a few days. However, like many other highly volatile cryptocurrencies, SHIB quickly corrected in value, falling to $0.00000793 within three weeks. Those who capitalized on the surge saw significant gains, demonstrating the huge profit potential available for well-timed investments.
October Highs: Can They Come Back?
After a period of relative stability, $SHIB saw another price surge in October 2021. Starting at $0.00000766 on October 2, it rose to $0.00002913 by mid-month and reached an all-time high of $0.000089 on October 28. Although the price has since corrected, the potential for future highs still gives investors the opportunity to make significant profits if they can time the market.
Are You Ready For The Next Opportunity With $SHIB?
SHIBâs volatile history highlights both the risks and rewards for investors. Whether youâre looking to ride the next wave or hold through a correction, this coin offers significant profit potential. Stay alert to market volatilityâif $SHIB rallies, it could present an incredible opportunity for those willing to take the plunge.
