Shiba Inu (SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous individual known as "Ryoshi". Inspired by the Shiba Inu dog, also the mascot of Dogecoin.
In October 2024, Shiba Inu launched Shibarium, its own Layer 2 solution on the Ethereum blockchain, aimed at improving scalability and reducing transaction fees.
In November 2024, an analysis revealed the existence of a "whale" holding a significant amount of SHIB, sparking discussions about the potential impact of such concentrations on the market.
In December 2024, rumors circulated about a possible investment by Elon Musk in SHIB, although this has not been confirmed.
As of December 16, 2024, SHIB is trading at around €0.000027 with a market cap of over €15 billion, ranking 13th among cryptocurrencies by market cap.
It is important to note that meme coins like Shiba Inu are often subject to high volatility and price movements influenced by factors such as social media trends and statements from public figures. Investors should therefore exercise caution and conduct thorough research before committing.