SHIB prices fluctuate, the market is changing, are you ready to deal with it?
Since its launch, SHIB has shocked the entire market with its astonishing total amount of 1 trillion. Back in May 2021, a mysterious figure "Ryoshi" made a jaw-dropping decision-to donate half of the total amount of SHIB to Ethereum co-founder Vitalik Buterin for free. Buterin surprisingly did not keep all of these gifts, but destroyed 90% of them and generously donated the remaining 10% to charity. However, to this day, SHIB has not established mechanisms such as destruction or production reduction to further regulate its supply.
Looking back at the market performance in 2021, SHIB is undoubtedly one of the most volatile crypto assets. Its first price surge occurred on May 11, jumping from $0.00000172 to $0.00003532, an astonishing increase of 1953%. But the good times did not last long. The upward momentum quickly faded within three weeks, and the price of SHIB fell back to $0.00000793.
After a period of silence, SHIB ushered in another explosive moment on October 2, 2021, and the price quickly climbed from $0.00000766 to $0.00002913 on October 13. And just two weeks later, SHIB broke through the $0.000089 mark in one fell swoop, setting a new historical high, once again demonstrating its strong explosive power. However, the market adjustment also came as expected, and the price of SHIB fell back.