• Almost 40% of all SHIB tokens are now in the hands of the general public

  • Shiba Inu (SHIB) is currently trading in the red on Tuesday, October 12th, 2021, despite the fact that the new weekly session began in the green.

    Interestingly, according to CoinMarketCap’s verified token supply data, the asset known for its massive total supply has 39.47 percent of all SHIB tokens trading in the public’s hands, indicating that nearly 40 percent of the total number of coins circulating on the market is in the public’s hands.

    Notably, at the time of writing, there are 394,796,000,000,000 SHIB in circulation out of a total supply of 1,000,000,000,000,000 SHIB, equating to 39.47 percent of the total supply.

    It’s worth noting that the circulating supply refers to the total number of coins in circulation, and it’s comparable to the stock market’s flowing shares in public ownership.

    The total supply, on the other hand, is the number of coins that have already been generated, less any coins that have been burned, and it is equivalent to the number of outstanding shares on the stock market.

    SHIB Price

    Shiba Inu is currently trading at $0.0000028653, down 2.74 percent in 24 hours but up 61.96 percent in the last week, with a market capitalization of $11.3 billion.

    Shiba Inu’s value has recently skyrocketed, with the decentralized meme token initially soaring when it was listed on Coinbase on September 16, with $870 million invested in Shiba Inu in just 24 hours.

    Similarly, as a result of the recent surge in popularity, the Shiba Inu Twitter account announced on October 6, 2021, that it had surpassed the 1 million follower mark. It posted on Twitter:

    “Thank you, #ShibArmy, for assisting us in reaching yet another historical milestone.” Today, we surpassed 1,000,000 Twitter followers.”

    Shiba Inu retail sales are increasing.

    Surprisingly, the low cost of participation appears to have drawn small-scale retail investors to the project. As early as September 9, 2021, investors could become SHIB millionaires for as little as $7, with $1 buying 146,000 coins of the cryptocurrency at the time.

    As a result of increased retail interest, such as that seen on Twitter, it was announced on Tuesday that a petition for Robinhood to list SHIB had received over 228,000 signatures.

    After considering the increasing demand for the asset, another exchange, Bitpanda, announced on October 8, 2021, that it had listed the token created in August 2020 by “Ryoshi,” whose identity remains unknown.

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