Shiba Inu - SHIB (Meme Coin)

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About

Shiba Inu ($SHIB) is an Ethereum-based meme coin inspired by the meme of the same name, launched in August 2020 by an anonymous founder known as 'Ryoshi.' The coin was added to Binance in May 2021, and its U.S. platform added Shiba Inu in November 2021. The coin, which is also known as the Dogecoin Killer, operates on the Ethereum blockchain and ranks in the top 50 cryptocurrencies by market capitalization in 2024. The cryptocurrency holders have actively used the dog breed related to the eponymous meme to promote the coin on social media.

History

Shiba Inu ($SHIB) was launched on August 15th, 2020, by an anonymous founder known as 'Ryoshi'.^[1] According to the Coin Market Cap^[2] site, the cryptocurrency has seen a growth of 11430362.4% since its inception on November 28th, 2020, and is also known as the Dogecoin killer, being widely considered an alternative to the Dogecoin meme coin.

Market Performance

The Shiba Inu coin has an all-time high (ATH) of $0.00008616, recorded on October 27th, 2021, according to the Bybite^[3] site and the coin's market cap peaked^[4] at $39 billion, as Yahoo! Finance^[5] reported on November 1st, 2021, making it the 13th cryptocurrency by market capitalization.^[6]

Shiba Inu SHIB #13 $0.00001803 ▲ 1350623.18% (All) $10.63B 2M < Chart Markets News Token Unlocks About Analytics Similar Coins Yields 2.22% Total supply Max. supply 589.52T SHIB Website Circulating supply 589.27T SHIB Website Whitepaper Socials Contracts 0x95ad...64c4ce Audits Explorers Wallets UCID CUID to ISD convertor etherscan.io HyperPay 5994 CoinBites: Shiba Inu - From Meme to ...^ || Price Market cap N 60 0.081008 1D 7D 1M 1Y All LOG M CoinMarketCap 0.000060 0.000040 0.000018 USD Jan '21 Jul '21 Jan '22 Jul '22 Jan '23 Jul '23 Jan '24 Jul '24 B B Jan '21 Jul '21 Jan '22 Jul '22 Jan '23 Jul '23 Jan '24 Jul '24

Shiba Inu's social media activity is mainly represented by the coin's official X,^[7] Telegram,^[8] and Discord^[9] accounts, which, as of October 2024, had accumulated more than 3.8 million, 27,000 and 14,000 followers, respectively.

All of the official channels of the cryptocurrency and its holders actively share several memes promoting the coin. For example, on October 21st, 2024, @Shibtoken^[10] posted a version of the Tuxedo Winnie the Pooh meme, with an overlay text mentioning the $SHIB. The tweet (seen below) garnered roughly 1,900 likes and 279 reposts in three days.

On October 30th, 2021, the YouTube^[11] channel Whiteboard Crypto posted an animated video explaining the origins of the Shiba Inu meme coin (seen below), which received over 621,000 views and 18,000 likes in three years.

Shiba Inu

Shiba Inu, commonly known online as Shibes, is a breed of dog native to Japan. Online, the breed grew in popularity thanks to the Doge meme, which features a Shiba Inu dog looking at the camera.