Shiba Inu (SHIB) is one of the most popular meme-based cryptocurrency tokens, initially marketed as the "Dogecoin killer." After reaching record highs in October 2021, the Shiba Inu coin has faced bearish price action amid a wider cryptocurrency sell-off.
A critical factor influencing its price is coin availability and ownership concentration. But how many Shiba Inu coins are there globally? This article explores SHIB’s supply, circulating availability, and its implications for price movements.
What Is Shiba Inu?
The Shiba Inu project emerged in August 2020 as part of the meme coin trend. Since then, it has evolved into a full-fledged ecosystem, including:
- ShibaSwap: A decentralized exchange (DEX)
- Shiboshi NFTs: Non-fungible tokens tied to the ecosystem
- LEASH: A liquidity token
- BONE: A governance token
Unlike Dogecoin (DOGE), which runs on a Litecoin fork, SHIB operates on the Ethereum blockchain as an ERC-20 token. Developers are also working on Shibarium, a Layer 2 network designed to:
- Enhance scalability
- Reduce transaction fees
- Speed up processing
The Unification Foundation announced that the Shibarium Public Beta TestNet is expected to launch in Q3 2022.
How Many Shiba Inu Coins Exist?
SHIB’s circulating supply has changed significantly since its launch in 2020.
Initial Supply
The token was designed with a maximum supply of 1 quadrillion (1,000 trillion) SHIB. Developers allocated:
- 50% (500 trillion SHIB) to Ethereum creator Vitalik Buterin’s wallet
- 50% (500 trillion SHIB) locked in Uniswap
Major Supply Changes
In May 2021, Buterin:
- Burned 90% (410 trillion SHIB) from his wallet.
- Donated 50+ trillion SHIB (worth ~$931M) to India’s Covid relief fund.
This reduced the circulating supply to 550 trillion SHIB.
Recent Updates
On April 23, 2022, Shiba Inu developers launched a burn portal, allowing users to burn SHIB in exchange for RYOSHI tokens. Key stats:
- 8B SHIB burned in the first 24 hours.
- 410.37T SHIB burned total (including Buterin’s burn).
- 589.63T SHIB remaining in circulation.
👉 Learn more about SHIB’s burn mechanics
Who Are the Biggest SHIB Holders?
Shiba Inu promotes decentralization, but large holders ("whales") significantly influence supply.
Holder Statistics (July 2022)
- 1.21M+ holders (up from 1.19M in June).
- Top 100 wallets hold 31% of total supply.
- Largest holder: A wallet with 48.7T SHIB (~4.87% of initial supply).
Whale Activity
- Ethereum whales hold an average of 454B SHIB (~$5M).
- SHIB is the second-largest asset in top Ethereum wallets (after ETH).
👉 Track Ethereum whale movements
Market Outlook
SHIB’s price fluctuates amid broader crypto market trends:
- 2022 low: $0.000007197 (June 18).
- Current price: $0.0000113 (July 28).
Factors influencing SHIB:
- Bitcoin & Ethereum downtrends
- Macroeconomic uncertainty
- Burn rate fluctuations
FAQs
1. How Many Shiba Inu Coins Are Left?
Approx. 589.63 trillion SHIB remain, with 558.01 trillion circulating.
2. Can SHIB Reach $1?
Given its massive supply, SHIB would require market cap growth beyond realistic projections to hit $1.
3. What Is Shibarium?
A Layer 2 protocol designed to reduce fees & improve scalability for SHIB transactions.
4. Who Controls Shiba Inu?
SHIB is community-driven, but large holders significantly impact price.
5. How Do Burns Affect SHIB Price?
Burns reduce supply, potentially increasing scarcity—but demand must also rise for sustained price growth.
6. Where Can I Track SHIB Burns?
Use Shibburn for real-time burn data.
Note: Cryptocurrency trading carries risks. Always conduct independent research and consider your risk tolerance before investing. Never trade funds you can’t afford to lose.
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