SHIB whales move 3 trillion tokens amid price.

SHIB whales move 3 trillion tokens amid price. $0.03846

Shiba Inu (SHIB) is a cryptocurrency that gained popularity as a meme coin, similar to Dogecoin. Here are some key details about the Shiba Inu token.

Launch: Shiba Inu was launched in August 2020 by an anonymous person or group known as “Ryoshi.”

Tokenomics:

The total supply of SHIB was initially set at one quadrillion tokens.

A significant portion of the supply (50%) was sent to Ethereum co-founder Vitalik Buterin, who later donated a large part to charity and burned a substantial amount, reducing the circulating supply.

Blockchain: SHIB is an ERC-20 token, meaning it operates on the Ethereum blockchain.

Market Position: SHIB has experienced significant price volatility and hype, often driven by social media trends and community engagement.

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