Teh Shiba Inu coin, often dubbed the ‘Dogecoin killer,’ has created waves in the cryptocurrency market since its inception. Launched in August 2020, this meme-based token quickly garnered attention, with millions of tokens being bought and sold across various platforms. As of late 2023, it’s estimated that over 589 trillion Shiba Inu coins have found their way into the wallets of investors and enthusiasts around the globe. This staggering volume reflects the growing popularity and speculative interest in the token, which has been buoyed by social media trends and influencer endorsements.
The sheer numbers are compelling, but they also raise questions about market dynamics and investor behavior. Here are some key points to consider regarding its sales performance:
- Over 1.2 million individual wallets hold Shiba Inu coins.
- A remarkable 40% of total supply is held in liquidity pools.
- The majority of trading volume comes from decentralized exchanges, like Uniswap and ShibaSwap.
| Metric | Figures |
|---|---|
| Total Supply | 1 quadrillion SHIB |
| Circulating Supply | Approx. 549 trillion SHIB |
| Market Cap (Est.) | $6 billion+ |
