The Shiba Inu coin, affectionately known as SHIB, is a cryptocurrency that has captivated enthusiasts worldwide. Its total supply is a staggering 1 quadrillion coins, making it one of the most abundant cryptocurrencies available. here’s a brief overview of its supply distribution:
- Initial Supply: 1,000,000,000,000,000 SHIB
- Liquidity Lock: 50% was locked in Uniswap to ensure liquidity.
- Burn Mechanism: A significant portion was sent to the wallet of Ethereum co-founder Vitalik Buterin, effectively removing it from circulation.
This unique supply chain has led to various discussions around the actual number circulating in the market today. While the initial supply is immense, the current circulating supply is dynamically influenced by community-driven burn initiatives. The Shiba Inu community actively engages in efforts to decrease supply,which,coupled with its viral status,adds captivating layers to its value perception. To give a clearer picture, see the table below that outlines the estimated circulating supply in recent months:
| Month | Estimated Circulating Supply (SHIB) |
|---|---|
| January 2023 | 550,000,000,000,000 |
| April 2023 | 500,000,000,000,000 |
| July 2023 | 470,000,000,000,000 |
