Shiba Inu (SHIB) coin is a cryptocurrency that was created as an experiment in decentralized community building. It is an Ethereum-based token inspired by the Shiba Inu dog breed, which gained popularity due to its resemblance to the "Doge" meme.

Shiba Inu was introduced to the crypto market in August 2020 by an anonymous person or group of people using the pseudonym "Ryoshi." The project's goal was to create a decentralized ecosystem with its own community and utility token.