đ SHIB's Surge: A Key Player Eyeing a Major Peak by 2025
$SHIB
Current Price: $0.00001847 (+0.49%)
SHIB, which initially launched with an extraordinary 1 quadrillion tokens, has an intriguing background. In May 2021, its creator, known as "Ryoshi," made headlines by transferring 50% of SHIBâs total supply to Vitalik Buterin, co-founder of Ethereum. Buterin took decisive action, burning 90% of the tokens, permanently eliminating them from circulation. The remaining 10% was donated to charity. Notably, SHIB doesnât employ any automatic burning or halving mechanism to decrease its circulating supply further.
The year 2021 marked a dramatic rise for SHIB. In May, the token skyrocketed by nearly 2,000%, surging from $0.00000160 to $0.00003450 within days before correcting to around $0.00000850. Then in October, SHIB made another significant leap, climbing from $0.00000760 to approximately $0.00002850 within just 11 days. Its all-time high of $0.000088 was achieved on October 28, 2021, but a subsequent market correction soon followed. Despite this volatility, SHIB has remained a key player in the crypto world, capturing the attention of traders globally.
SHIBâs rapid price movements, combined with major corrections, have made it a standout in the crypto space. Though its supply remains large, its unpredictable nature and ability to trigger massive price shifts keep it firmly in the spotlight, with many investors eyeing its future performance.
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