Shiba Inu (SHIB) is a popular meme-based cryptocurrency, initially dubbed the "Dogecoin killer" by its anonymous developer. Despite reaching record highs in October 2021, SHIB has faced bearish trends amid broader cryptocurrency market downturns. This article explores SHIB's supply, circulation, and implications for its price.
What Is Shiba Inu?
Launched in August 2020, Shiba Inu has evolved into a robust ecosystem featuring:
- ShibaSwap: A decentralized exchange (DEX)
- Shiboshi NFTs: Non-fungible tokens
- LEASH and BONE: Liquidity and governance tokens, respectively
Unlike Dogecoin, 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 to enhance scalability and reduce transaction fees.
Total Supply of Shiba Inu Coins
SHIB was designed with a maximum supply of one quadrillion tokens. Here’s how the supply has changed over time:
Initial Distribution:
- 50% sent to Ethereum creator Vitalik Buterin’s wallet
- 50% locked to Uniswap
- Buterin’s Burn: In May 2021, Buterin burned 410 trillion SHIB (90% of his holdings) and donated 50+ trillion SHIB to India’s Covid-Crypto Relief Fund. This reduced SHIB’s circulating supply to ~550 trillion tokens.
Current Circulating Supply (2025)
- Total Supply: 589.63 trillion SHIB
- Staked Tokens: 31.56 trillion
- Circulating Supply: 558.01 trillion
SHIB Burning Mechanism
To reduce supply, the Shiba Inu team launched a burn portal in April 2022, rewarding users who burn SHIB with RYOSHI tokens. Key stats:
- Total Burned: 410.37 trillion (including Buterin’s burn)
- Recent Burns: 500+ million tokens burned weekly (as of July 2025)
Who Holds the Most SHIB?
- Top Holder: A "dead wallet" with 410 trillion SHIB (40% of initial supply)
- Whale Holdings: Ethereum whales average $5M in SHIB per wallet
- Community Ownership: Over 1.21 million holders, with the top 100 controlling 31% of the supply
Price Implications
- Current Price: $0.0000113 (July 2025)
- Market Factors: Burns, staking, and Layer 2 adoption could influence future price movements.
FAQs
How many SHIB coins exist in total?
SHIB’s max supply is one quadrillion, with ~589 trillion currently in circulation.
Can SHIB reach $1?
Given its massive supply, SHIB hitting $1 would require a **market cap of ~$589 trillion**—mathematically improbable.
How many SHIB tokens are burned daily?
As of 2025, millions of SHIB are burned weekly via the Shibburn portal.
What’s the smallest amount of SHIB needed to become a millionaire?
At its all-time high ($0.0000881), you’d need **~11.35 trillion SHIB** ($1M worth). Today, that number is higher due to price fluctuations.
👉 Explore SHIB trading strategies
Final Thoughts
SHIB’s supply dynamics and community-driven burns play a critical role in its valuation. While $1 seems unrealistic, strategic burns and ecosystem growth could enhance its long-term viability. Always conduct due diligence before investing.
Note: Trading cryptocurrencies carries risks. Never invest more than you can afford to lose.
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