There are always wildcatters seeking higher velocity. In fact, naming all the wildcats with higher velocity would be an impossible task.
For example, back in the 60's, a prominent ballistitian named Bob Hutton developed the .22 Eargesplittenloudenboomer. The cartridge is a 50 caliber BMG case necked down to use a .224 bullet. Barrel life was about 10 rounds.
I suspect that wildcat may still hold the record for the highest velocity wildcat.
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