The total supply of Shiba Inu coin, frequently enough simply referred to as SHIB, is an intriguing aspect of its design that contributes to its popularity in the crypto community. Initially, this ethereum-based token had a massive supply of 1 quadrillion coins. However, it’s important to note that half of this total supply was sent to Ethereum co-founder Vitalik Buterin, who afterward burned a large portion. Currently, through various community-driven initiatives, over 410 trillion coins have been burned, considerably altering the circulating supply and adding a layer of scarcity to this meme-inspired cryptocurrency.
The management of the total supply not only impacts the coin’s market dynamics but also engages the community in its growth and governance. The mechanism of burning coins serves as a strategy to increase demand and possibly enhance the token’s value. For those interested in the details, here’s a brief overview of the current status of Shiba Inu’s supply:
| Total Supply | Burned Supply | Circulating Supply |
|---|---|---|
| 1 Quadrillion SHIB | Over 410 Trillion SHIB | approximately 589 Trillion SHIB |
