$SHIB Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi".
It is inspired by the Shiba Inu, a Japanese dog breed, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins
Shiba is a high-risk investment. However, earlier deemed as a âmeme coinâ with little utility other than trading, SHIB is increasing its applications. It has its own Metaverse called Shib Metaverse
The price of SHIB has soared from as low as $0.000000000056 to an all time high of $0.000084, that is a 150,000 times increase within 8 months.
As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever.
That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.