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Showing posts with the label circulating supply

Shiba Inu: How An Investment of $100 in SHIB Turned $18 Million

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Investors who took an entry position in Shiba Inu with a mere investment of $100 in January 2021 could have turned multi-millionaires today in 2025. In just four years, SHIB turned the $100 investment into a massive $18 million. No other asset achieved this much gains in a short period than Shiba Inu lately. Even Bitcoin, Ethereum, XRP, and the broader stock market failed to generate this much returns. Also Read: Shiba Inu: Forget Millionaires, How To Be A Billionaire By 2030? Source: Changelly The latest data from Changelly shows that investors who purchased $100 worth of SHIB on January 17, 2021, made $17.94 million on January 17, 2025. That’s exactly four years with heaven and earth difference between the invested amount and the returns. Getting in early on Shiba Inu could have made all the difference and offered a life of financial comfort to traders. Also Read: Shiba Inu Predicted To Rise By 300%, Here’s When For the uninitiated, SHIB skyrocketed 45,000,000% (45 million perce...

Shiba Inu: SHIB’s Price Reaction to Major Burn Announcement

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The Shiba Inu team made a significant announcement last Friday confirming that the layer-2 solution Shibarium will introduce an automatic burning mechanism. Launching a hard fork with the new Bor version will upgrade the burning mechanism and enhance the ecosystem. SHIB’s price was expected to skyrocket after the announcement but went the opposite direction in the charts. Also Read: Shiba Inu: How To Make $1 Million If SHIB Reaches $0.01 Why Did SHIB’s Price Dip Despite the Shibarium Announcement? Source: Wallpaperflare.com Market Reaction We're launching a Hard Fork with the new Bor version! ️ On August 9, 2024, at 9:15 AM UTC, we're launching Bor version v1.1.2-bone. This version introduces a burn mechanism to enhance our ecosystem. Get ready for the #BURN! — Shibarium Network (@ShibariumNet) August 8, 2024 The market did not find the announcement bullish despite Shibarium’s promises of automatically burning SHIB tokens. The layer-2 blockchain will send the tok...