Shiba Inu (SHIB) is a meme-based cryptocurrency 🐕💰 inspired by the Shiba Inu dog breed 🐾, which gained massive popularity in 2021. Created in 2020 by an anonymous founder known as Ryoshi 👤, SHIB is often referred to as the "Dogecoin killer" 🥊🐕, playing off the success of Dogecoin and its meme culture.
Shiba Inu is part of a larger Shiba Ecosystem, which includes projects like ShibaSwap 🦴 (a decentralized exchange), LEASH, and BONE—two other tokens within the ecosystem 🪙🌐. SHIB itself is an ERC-20 token based on the Ethereum blockchain 📜, meaning it benefits from the security and functionality of Ethereum’s network 🔒🌱.
What makes SHIB interesting is its massive supply 🌊💎—there are quadrillions of SHIB tokens, though a significant portion was locked in a burn wallet 🔥, reducing its circulating supply. This scarcity approach aims to increase demand and value over time 📈.
SHIB has a strong community 👥💖, often referred to as the Shiba Army, driving the coin's popularity through social media campaigns and charitable donations 🌍🤲. Despite its meme origins, SHIB has gained recognition as a serious asset in the crypto world, thanks to its growing ecosystem 🌟🚀.