Worried about the Shiba Inu supply change on CoinMarketCap? You're not alone. Many SHIB holders have accused CoinMarketCap after the circulating supply of Shiba Inu token suddenly increased by close to 200 Trillion SHIB, causing a massive price drop, and discrepancies between price-tracking websites are creating confusion.

So, why did CoinMarketCap change the Shiba Inu supply? In a new podcast, CoinMarketCap explained why they changed the supply of the Shiba Inu coins by 150 trillion. The core reason boils down to an internal audit. CoinMarketCap dismissed claims that its circulating supply of Shiba Inu was incorrect, explaining an internal audit has refreshed the previously static SHIB supply.

Essentially, they updated their methodology for calculating and reporting the circulating supply. This refresh aimed to provide a more accurate representation of the SHIB tokens actually available in the market, rather than relying on older, potentially outdated data.

What does this mean for Shiba Inu's price? As you can see, Shiba Inu is down 8.20% in the last 24 hours. The live Shiba Inu price today is $0. USD with a 24-hour trading volume of $317,044,763 USD. We update our SHIB to USD price in real-time. While the change in reported supply doesn't inherently create new tokens, it can impact market perception and, consequently, the price.

It's crucial to stay informed and understand the factors influencing SHIB's price. Keep an eye on credible sources and avoid making investment decisions based solely on short-term price fluctuations. Understanding CoinMarketCap's update and the reasoning behind it is a key step in navigating the Shiba Inu market.