š„š„A BRIEF HISTORY OF SHIB INUš„š„
Shiba Inu was created in August 2020 with an initial total supply of 1 quadrillion tokens. The first big moment in Shiba Inu's history came in May 2021, when its founder sent half of the supply to Ethereum co-founder Vitalik Buterin. This was widely considered a publicity stunt to piggyback on the success of a more popular cryptocurrency. Ryoshi's cryptic explanation was that "there is no greatness without a weak spot."
Buterin ended up donating 10% of the tokens and burning (destroying) the other 90%. Because of this, Shiba Inu currently has a circulating supply of around 549 trillion tokens. Shiba Inu launched its own decentralized exchange, ShibaSwap, in July 2021. In November, it partnered with David Folk (previously VP of Technology at Activision) to develop a cryptocurrency gaming project.
In terms of value, Shiba Inu started 2021 with a price of $0.000000000119. It peaked that year at $0.00008845. Comparing such small numbers is tricky, but an easier way to look at it is that the price was up over 74,000,000% in October 2021. Then it took a big dip, with the value dropping over 75%.
