SHIB won DOGE with a quarterly return of 11,566.501%
Those who purchased Shiba Inu (SHIB) for $1 at the beginning of the year will have a return of $456,929 during the peak period.
Half of this came from an investment returned to Ethereum co-founder Vitalik Buterin. This is true token burning because users believe Vitalik will not strip SHIB tokens.
However, Vitalik sent 50 trillion SHIB ($1 billion at the time) to India's Covid Relief Fund on May 12, 2021. He then burned 90% of its SHIB and as a result, SHIB has dropped 75% since then. .
The Cointelegraph reported that Vitalik burned $6.7 billion at Shiba to reward generous homeowners. This represents nearly half of Shiba's supply in response to the "generosity" of the "Dog Token Community", referring to the Governor.
Therefore, SHIB's quarterly rate of return is 11,566.501%, which is better than DOGE.
This data is part of the second quarter 2021 report of the independent cryptocurrency aggregator CoinGecko.