What Is Shiba Inu (SHIB)?
SHIB is the primary token of the Shiba Inu ecosystem, bringing decentralized, community-driven currency to millions worldwide. Launched in late 2020, this Ethereum-based memecoin has evolved into a global phenomenon, accepted as payment by hundreds of merchants directly or through third-party intermediaries.
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Key facts:
- Created anonymously in August 2020 by "Ryoshi"
- Gained traction through celebrity endorsements and social media buzz
- Currently trades on ShibaSwap, the ecosystem's proprietary DEX
- Listed on Coinbase in September 2021, triggering a 40% price surge
Who Founded Shiba Inu?
The anonymous creator known as Ryoshi outlined three core principles behind SHIB's creation:
- Built from zero with no pre-existing foundation
- The team had never collaborated before
- Pure passion for the Shiba Inu breed
Notable details:
- Ryoshi claims to own zero SHIB tokens
- Vitalik Buterin received 50% of initial supply (later burned 90% of it)
- The project emphasizes complete decentralization with no central leadership
What Makes Shiba Inu Unique?
SHIB stands out through:
Community-Driven Initiatives
- NFT marketplace for dog-inspired artists
- Amazon Smile charity campaigns for Shiba Inu rescues
Ecosystem Development
- Proprietary DEX (ShibaSwap)
- Planned algorithmic stablecoin (SHI) pegged to 1¢
- Shibarium L2 solution in development
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Adoption milestones:
- Over 1 million token holders
- Accepted by Newegg, Samsung Wallet, and Parisian restaurants
- 500+ merchants via CoinGate
SHIB Tokenomics
Circulating Supply (2025): 589.25 trillion SHIB
Max Supply: 589.55 trillion SHIB
Notable events:
- 50% initially locked in Uniswap liquidity
- Vitalik Buterin burned 40% of total supply
- Additional tokens: LEASH (107,646 fixed supply) and BONE (250M governance tokens)
Security & Technology
SHIB leverages Ethereum's security as an ERC-20 token, with plans for:
- Shibarium L2 solution
- More decentralized architecture than Polygon or BSC
- BONE as the primary pairing token
Price History & Market Data
All-Time High: $0.00008845 (Oct 28, 2021)
Current Price (2025): $0.00001157 (↓86.9% from ATH)
Market Cap: $6.82 billion (Rank #29)
Historical Low: $0
Where to Buy SHIB
Major exchanges offering SHIB include:
- Coinbase
- Binance
- Kraken
- ShibaSwap (DEX)
Is SHIB a Good Investment?
Consider these factors:
- Strong community support
- Expanding real-world utility
- High volatility typical of memecoins
- Ongoing ecosystem development
Always conduct thorough research (DYOR) and assess your risk tolerance before investing.
FAQ
What's the difference between SHIB and Dogecoin?
While both started as memecoins, SHIB offers a more developed ecosystem including DeFi platforms and planned stablecoins, whereas DOGE remains primarily a payment-focused cryptocurrency.
How can I earn passive income with SHIB?
Through ShibaSwap's:
- Yield farming
- Staking
- Liquidity provision
- BONE token rewards
Will SHIB reach $1?
Given its massive circulating supply, SHIB reaching $1 would require an unprecedented market cap exceeding $589 trillion - making this extremely unlikely under current economic conditions.
How does SHIB burning work?
The community periodically sends tokens to dead wallets, reducing supply. Notable burns include:
- Bigger Entertainment's 239M SHIB burn
- Vitalik Buterin's 410T SHIB burn
👉 Learn advanced SHIB trading strategies
What's next for Shiba Inu?
The roadmap includes:
- Full Shibarium L2 rollout
- SHI stablecoin launch
- Expanded merchant adoption
- Annual ShibaCon events