Shiba Inu Token is a cryptocurrency that was created in August 2020 by an anonymous individual or group using the pseudonym "Ryoshi." It is an ERC-20 token, which means it was created on the Ethereum blockchain. The token is named after the Shiba Inu dog breed, which is popular in Japan and is also the inspiration for another popular cryptocurrency, Dogecoin.
Shiba Inu Token is often referred to as a "meme coin" because it was created with the intention of being a playful and fun cryptocurrency, rather than a serious investment. The token's website describes it as a "decentralized meme token" that is "the dogecoin killer."
Shiba Inu Token has gained popularity in recent months due to its low price and high volatility, as well as its active online community, the credit of which goes to Shiba Army.