$SHIB The ability to achieve maximum
$SHIB , originally released with a staggering 1 quadrillion token supply, has an intriguing story behind its origins.
Back in May 2021, the anonymous creator of SHIB, known as âRyoshi,â decided to give half of the total supply to Ethereum co-founder Vitalik Buterin.
In a bold move, Buterin burned 90% of those tokens, removing them from circulation forever. The remaining 10%? He donated generously to charity.
Unlike some other cryptocurrencies, SHIB does not have a built-in burn or halving mechanism that could further reduce the circulating supply.
SHIB has become a hot topic in 2021 due to its extreme volatility. In mid-May of that year, its price soared by almost 2000%, jumping from a modest $0.00000160 to around $0.00003450.
However, as with many speculative assets, this surge was followed by a sharp correction, which resulted in the rate falling to around $0.00000850 within a few weeks.
After a quiet period of relatively stable prices, SHIB made another big move on October 2, 2021, soaring from $0.00000760 to around $0.00002850 in 11 days.
The excitement peaked on October 28, when SHIB reached its current all-time high of $0.000088. However, a market correction soon followed, which brought the price down again.
To sum it up, the history of SHIB has been full of dramatic ups and downs that have captured the attention of traders around the world.
While it has no mechanism to further reduce its supply, its volatile nature has made it a notable player in the crypto space.
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