SHIB originally had a total supply of 1 quadrillion tokens. In May 2021, the anonymous creator "Ryoshi" transferred half of the supply to Ethereum co-founder Vitalik Buterin. Buterin burned 90% of the tokens, permanently removing them from circulation, and donated the remaining 10% to charity. Currently, there’s no mechanism to further reduce SHIB’s supply through burning or halving.
In 2021, SHIB experienced significant volatility. On May 11, the price surged by 1,953%, rising from $0.00000172 to $0.00003532, before dropping to $0.00000793 within three weeks. After a period of sideways movement, SHIB spiked from $0.00000766 on October 2 to $0.00002913 by October 13. On October 28, it reached its all-time high of $0.000089, though the market has since corrected.
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