CoinMarketCap dismissed claims that its circulating supply of Shiba Inu was incorrect, explaining an internal audit has refreshed the previously static SHIB supply.
After changing the circulating supply of SHIB to 549 trillion from a previous figure of 394 trillion, many SHIB holders became confused over the supply changes, and even accused CoinMarketCap of manipulation.
While it doesn’t explicitly name the sources, CoinMarketCap may be referencing CoinGecko – another cryptocurrency price tracker with a similar supply.
CoinMarketCap stated that the SHIB supply now updates dynamically. However, the figure given of 549,095,509,738,353 SHIB has not moved since October 28 – the day the tracker made the change. This is despite the large-scale SHIB burns that have happened since. It remains unclear what the nature of “updating dynamically” means in terms of regular updates.
The tracker was then asked why it did not make a public statement regarding the change. It said:
The change was communicated in the same way supply updates for every other coin are done. Directly on the website.
We’re unsure as to whereabouts on the website CoinMarketCap refers to. Aside from the actual circulating supply, we cannot find any reference to its previous supply or why it updated the supply on the Shiba Inu page.
Gala Games with strong NFT sales
Gala Games price today is $0.552843 USD with a 24-hour trading volume of $1,009,171,192 USD. We update our GALA to USD price in real-time. Gala is up 16.88% in the last 24 hours. The current CoinMarketCap ranking is #42, with a live market cap of $3,857,300,844 USD. It has a circulating supply of 6,977,205,436 GALA coins and the max. supply is not available.
If you would like to know where to buy Gala, the top cryptocurrency exchanges for trading in Gala stock are currently Binance, OKEx, Mandala Exchange, Huobi Global, and FTX. You can find others listed on our crypto exchanges page.
Gala Games was founded by Eric Schiermeyer. He was the co-founder of Zynga, a popular social and mobile games company. Under Schiermeyer’s leadership, Zynga launched popular hits like Poker, Mafia Wars and Farmville. Schiermeyer, who has a reputation for working on the cutting edge of gaming, launched Gala Games in July 2019 to create a blockchain-based game network and give players more ownership of their games.
In total, the Gala Games team consists of 60 employees.
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