đ„ **SHIB Latest Update: Big Gainer Expected to Peak in 2025** đ„
$SHIB, which initially launched with a massive supply of 1 quadrillion tokens, has a unique backstory. In May 2021, SHIB's anonymous creator, "Ryoshi," sent half of the total supply to Ethereum's co-founder, Vitalik Buterin. In a surprising move, Buterin burned 90% of the tokens, permanently removing them from circulation. He donated the remaining 10% to charity.
Unlike some cryptocurrencies, SHIB doesnât have an automatic burning or halving system to decrease its supply over time. In 2021, it became famous for its extreme price swings. In mid-May of that year, SHIB surged by almost 2,000%, jumping from $0.00000160 to about $0.00003450. However, the price quickly corrected, dropping to around $0.00000850 just weeks later.
SHIB had another major rally on October 2, 2021, when its price rose from $0.00000760 to $0.00002850 in just 11 days. The peak came on October 28, 2021, when SHIB reached an all-time high of $0.000088. Following this, the market corrected, and the price dropped again.
In summary, SHIB's price history is marked by wild fluctuations, making it a highly talked-about cryptocurrency. While there is no built-in mechanism to further reduce its supply, its volatility has kept it on the radar of traders globally.#shiba⥠#writetowin #SHIBAUSDT #Write2Earn! #SHIBŰ
