What is the distribution of Shiba Inu coin in the market?

3 answers

• Mar 17, 2022 · 3 years ago
  The distribution of Shiba Inu coin in the market is an important aspect to consider for investors. As of now, there are a total of 1 quadrillion Shiba Inu coins in circulation. However, it's important to note that a significant portion of these coins is held by a small number of addresses. The top holders of Shiba Inu coin, often referred to as 'whales,' own a large percentage of the total supply. This concentration of coins among a few addresses can potentially impact the market dynamics and price volatility of Shiba Inu coin.
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• Mar 17, 2022 · 3 years ago
  Shiba Inu coin has a unique distribution model that aims to incentivize and reward its community. A portion of the total supply, known as the 'burned' tokens, has been sent to a dead wallet address, effectively removing them from circulation. This burning mechanism helps to reduce the overall supply over time, potentially increasing the value of the remaining coins. Additionally, Shiba Inu coin has also allocated a percentage of the supply for liquidity pools and partnerships, ensuring the availability of the coin for trading and ecosystem development.
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• Mar 17, 2022 · 3 years ago
  According to BYDFi, a digital asset exchange, the distribution of Shiba Inu coin is constantly evolving. The initial distribution of the coin was through a decentralized launch, where users could participate in the token sale. Since then, the coin has been listed on various exchanges, allowing users to buy and sell Shiba Inu coin. The distribution of the coin is influenced by market demand and trading activity. It's important for investors to keep track of the distribution and trading volume of Shiba Inu coin to make informed decisions.
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