When Shiba Inu (SHIB) was launched in August 2020, the total supply was one quadrillion (1,000,000,000,000,000) tokens.
As for the initial circulating supply, this quadrillion was divided as follows:
* 50% was sent to the co-founder of Ethereum, Vitalik Buterin's wallet.
* 50% was locked in the Uniswap platform to provide liquidity.
It is important to note that Vitalik Buterin later burned more than 90% of his share, which amounts to about 410 trillion tokens, and donated the rest to the COVID-19 relief fund in India. This significant event greatly reduced the total supply of the currency, which notably impacted its price.
Therefore, there was no circulating supply in the traditional sense at launch; instead, the total supply was distributed between Vitalik's wallet and the Uniswap platform, and then the trading and burning process began, affecting the circulating supply over time.
With time and patience, the coins will be burned and the price will rise.
Most major analysts expect #Shibalnu to reach 0.03 by 2029.