In 2020, Shiba Inu, initially seen as a Dogecoin parody, began at $0.000000000056 and peaked at $0.00008616 on Oct. 28, 2021. A $200 investment briefly hit $307.7 million, later stabilizing at around $34.2 million, outperforming Bitcoin's growth to $740. The surge was fueled by social media buzz, FOMO, ShibaSwap launch, Coinbase listing, merchant acceptance, and Elon Musk's tweets. Despite a crypto winter in 2022, Shiba Inu expanded with ShibaDEX and Shibarium. Currently trading at $0.00000947, its recent Shibarium launch aims to boost the price, hoping to reach its all-time highs.

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