Like stars in the sky: Mystery of Shiba Inu coin supply

Traders Union
All News
Editors' Picks
Mystery of Shiba Inu coin supply

A quadrillion coins and Ryoshi’s strategy

From the very beginning, 1,000,000,000,000,000 SHIB were put into circulation. Half — 500 trillion — went into the public wallet of Vitalik Buterin, the co-founder of Ethereum. The other half was locked on the decentralized exchange Uniswap, so the coin would have liquidity right from the start. Ryoshi emphasized that he kept nothing for himself. Everything was for the community. This distinguished Shiba Inu from most crypto projects, where the founders usually hold onto huge token allocations.

Buterin and the Great burn

The story with Buterin became one of the most fascinating in the world of crypto. First, he donated tens of trillions of SHIB to charity, supporting, among others, India’s COVID-19 Relief Fund during the pandemic. Later, he took a step that entered crypto history forever: he sent 410 trillion coins to a “dead” wallet, destroying more than 40% of the total initial supply. With that, Shiba Inu suddenly turned from a “joke” into an asset with a real sense of scarcity.

Shiba Inu became one of the very few cryptocurrencies where the burning of coins turned into the central storyline. The mythology of the token grew around this. Burning happens in many ways: fans organize their own initiatives, the ShibaSwap exchange launched a special portal for those willing to send coins into oblivion, and with the launch of Shibarium in 2023, the process was automated — part of transaction fees is converted into SHIB and permanently destroyed. Tracking this data is made easier by the Shibburn website, which shows that more than 410 trillion coins have already been burned since the project’s launch.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

But even such massive numbers cannot hide the paradox. When we talk about a quadrillion, even hundreds of trillions look like just a drop in the ocean. That’s why the price doesn’t always respond to news about another burn. Sometimes the effect lasts only a few days, after which the market calms down again.

More than just SHIB

Shiba Inu has long been more than a single token. Inside its ecosystem exists an entire family of coins. BONE powers voting on the ShibaSwap platform and is used to pay transaction fees on Shibarium. LEASH is a rare token that gives holders access to exclusive features, such as early access to NFTs. Finally, TREAT is a new currency designed to support the future stablecoin SHI and provide rewards in the metaverse. Each of these elements adds new meaning to Shiba Inu and potentially increases demand for the main token.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Does this strategy work?

Despite the community’s enthusiasm and hundreds of billions of burned coins, Shiba Inu is unlikely to become the next Bitcoin. Yes, scarcity is gradually increasing, but the market remains skeptical: without real use cases — in the metaverse, in payments, in gaming or applications — burning alone doesn’t guarantee a sharp price surge. For many investors, SHIB still feels more like a myth than a financial instrument.

But that is precisely where its strength lies. Shiba Inu has become a symbol of crypto culture. Millions of people see millions or even billions of SHIB in their wallets, and that number creates a sense of wealth. This isn’t just mathematics — it is psychology. Like stars in the sky, the coins seem endless. And even when trillions are burned, the shine does not fade.

How many coins are in circulation today

As of 2025, around 589 trillion SHIB remain in circulation. This figure is confirmed by all major crypto platforms, although sometimes it differs by a few billion due to varying calculation methods. What matters, however, is not the exact number but the fact: from the original quadrillion, only about half remains.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.