2021 marked the rise of meme coins, with Shiba Inu (SHIB) emerging as a standout. Unlike Bitcoin’s capped supply, SHIB initially minted 1 quadrillion coins, half of which were locked in Uniswap. As of February 2023, approximately 500 trillion SHIB circulate, with ongoing burns reducing supply.
Understanding Shiba Inu’s Market Cap
Shiba Inu’s market cap reached $7.2 billion in February 2023, fueled by its low price per coin and investor popularity. This accessibility has broadened its appeal, though its inflationary model (no max supply) contrasts with Bitcoin’s scarcity.
Total Supply Explained
- Initial Supply: 1 quadrillion SHIB.
- Circulating Supply: ~500 trillion (50% of total).
- Inflationary Model: No hard cap, but deflationary mechanisms (e.g., burns) slow inflation over time.
👉 Explore SHIB’s latest price trends
The Burn Mechanism
SHIB’s supply shrinks through:
- Transaction Burns: A portion of each transaction is sent to an inaccessible wallet.
- Community Burns: Over 400 trillion SHIB burned voluntarily.
- Bone Token Burns: New governance token (BONE) includes burn protocols.
Distribution and Holders
- Holders: ~1.3 million addresses (Etherscan, 2023).
- Largest Holder: An anonymous entity owns ~13% of total supply. Vitalik Buterin previously held a large stake but burned 90% and donated the rest.
FAQs
How many SHIB coins exist?
500 trillion circulate (~50% of initial 1 quadrillion).
Will SHIB reach $1?
Unlikely. A $1 price would require a **$727 trillion market cap**—exceeding global GDP.
What drives SHIB’s value?
Scarcity from burns, community engagement, and market sentiment.
👉 Learn more about meme coin investments
Disclaimer: Cryptocurrency investments are high-risk. Always research before investing.
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