Shiba Inu's Unconventional Token Distribution: A Key Factor in Its Price Movement

Shiba Inu's token distribution has been shaped by its unusual origin story. When it launched in 2020, the creator sent roughly half of the total supply to Ethereum co-founder Vitalik Buterin.

Vitalik later burned the majority of these tokens and donated some to charity, significantly reducing the circulating supply.

Unlike coins with a fixed cap, Shiba Inu's circulating number has changed over time due to repeated burns. Community-run burn wallets, exchange-driven burns, and voluntary holder burns have all contributed to this shift.

The coin's distribution data is notable for its high concentration of whales, or large wallets holding a significant portion of the total supply.