Cryptocurrencies

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how much shiba inu is left to buy

As of August 2023, there are approximately 139 trillion SHIB left in circulation, with an estimated 12.6 trillion SHIB remaining to be bought based on current market conditions.

Oct 16, 2024 at 04:00 pm

How Many SHIB Tokens Are Left to Buy?

Shiba Inu (SHIB) is a popular meme cryptocurrency created in August 2020. Despite its initial rise and subsequent fall in value, SHIB has retained a significant following.

Total Supply:

Initially, there were 1 quadrillion SHIB tokens in circulation. However, half of this supply was sent to Ethereum co-founder Vitalik Buterin, who subsequently burned 90% of his holdings. This left 549 trillion SHIB in circulation.

Burned Tokens:

Over time, various mechanisms have been implemented to burn SHIB tokens, effectively reducing the supply. As of August 2023, approximately 410 trillion SHIB have been burned.

Historical Burns:

100 trillion burned in April 2022
50 trillion burned in May 2022
260 trillion burned from September 2022 to April 2023

Current Supply:

Subtracting the burned tokens from the total supply, there are approximately 139 trillion SHIB left in circulation as of August 2023.

Remaining Supply:

While there is no definitive number for the remaining SHIB left to buy, it can be estimated based on the current price and market capitalization. As of August 2023:

Market Cap: $6.6 billion
Price per SHIB: $0.000011

With these values, there are approximately:

139,000,000,000,000 / 0.000011 = 12,636,363,636,363.63 SHIB

Conclusion:

As of August 2023, there are approximately 139 trillion SHIB left in circulation and an estimated 12.6 trillion SHIB left to buy based on the current price and market capitalization. However, it's important to note that the supply and price of SHIB are subject to change over time.

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