SHIB was initially launched with a total supply of 1 quadrillion, or exactly 1,000,000,000,000,000 tokens! However, in May 2021, SHIB’s pseudonymous creator “Ryoshi” sent half of this massive supply to Vitalik Buterin, one of the founders of Ethereum. And guess what? Buterin immediately burned 90% of his tokens, permanently removing them from circulation! The remaining 10% was donated to charity.

There is no burning or halving mechanism in place to reduce SHIB’s supply further.

In 2021, SHIB became one of the most volatile assets in the crypto world. On May 11, its price surged by a massive 1,953%, jumping from $0.00000172 to $0.00003532! However, within three weeks, it dropped back to $0.00000793.

After months of sideways movement, SHIB spiked again on October 2, 2021, from $0.00000766 to $0.00002913, and hit an all-time high of $0.000089 on October 28! But the market correction quickly followed, pulling the price down.

When will the next SHIB wave hit? 👀

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