Once upon a time, there was a very special dog. That dog was a Shiba Inu, and this dog inspired millions of people around the world to invest money into tokens with the dog's image on it.

According to the SHIBA INU website, SHIB is the \"DOGECOIN KILLER\" and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August 2020 under the pseudonym \"Ryoshi.\" Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021. 

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin ), Dogecoin ), JINDO INU ), Alaska Inu ) and Alaskan Malamute Token ). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD. 

Shiba's success sparked an avalanche of copycats, such as BitShiba, Shiba Fantom, Shibalana, King Shiba, SHIBAVAX, Captain Shibarrow, SHIBA2K22, SpookyShiba and countless others. In total, there may be well over 100 Shiba Inu copies, and the number keeps rising constantly.

On Sept. 17, 2021, Coinbase, the largest U.S.-based crypto exchange, listed Shiba Inu on their platform. This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again.

Shiba Inu has since attracted more interest from other exchanges as well. Bitso, Mexico's biggest cryptocurrency exchange, announced in September that SHIB would start trading on its exchange. Giottus, an Indian crypto exchange, announced the same. Bitstamp, the biggest crypto exchange in Europe, said that it would list Shiba Inu for trading at the beginning of 2022. Korbit, a South Korean exchange, became the country's first exchange to list the SHIB token in 2021.

Shiba Inu (SHIB) is a cryptocurrency. The current price of Shiba Inu is $1.029100686607326e-05, with a 24-hour price change of +14.54%. The volume of Shiba Inu traded in the last 24 hours is $807,321,353.0, with a 24-hour volume change of +138.35%. The market cap of Shiba Inu is $6,064,973,144.97, and the circulating supply is 589,346,914,631,298.1 SHIB. 

Shiba Inu

The burn rate of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has recently skyrocketed by a staggering 7,686,774.46% after over 8.3 billion SHIB tokens were burned in a single day.

Shiba Inu Burn Rate Skyrockets Over 7,600,000% After Over 8 Billion SHIB Were Burned in 24 Hours

Market analyst Jake Wujastyk signals a potential breakout for Shiba Inu (SHIB) as the cryptocurrency's price action hints at a bullish reversal

This Trader Is Bullish on Shiba Inu (SHIB)

The Shiba Inu community burn initiative may have just set a new record with the number of tokens burned in the last 24 hours.

Shiba Inu Burn Rate Surges With Over 8 Billion SHIB Burned, Here's The Trigger

Surprisingly, Shiba Inu not backing down and reaches critical price level

Shiba Inu (SHIB) Price Breaches $0.00001 Resistance, Up 20%

Discover high-yield crypto potential with Shiba Inu (SHIB), dYdX (ethDYDX), and VC Spectra (SPCT).

Spotlight on High-Yield Cryptocurrencies: Evaluating Shiba Inu (SHIB), dYdX (ethDYDX), and VC Spectra (SPCT) | Bitcoinist.com

The Shiba Inu community is on a rampage when it comes to burning SHIB tokens after an incredibly successful burn campaign last week.

Shiba Inu Burn Rate Explodes 7,686,774%, What’s Going On? | Bitcoinist.com

Shiba Inu burns over half billion SHIB, boosting weekly burn rate by 961%

Shiba Inu Sets Fire to Over Half Billion SHIB, Weekly Burn Rate Up 961%

Lead contributor to Shiba Inu (SHIB), Kaal Dhairya, addresses community speculation on Shibarium's surge with 34.6 million transactions, providing key insights

Shiba Inu (SHIB) Dev Ends Speculation on 34 Million Shibarium Transactions

Shiba Inu (SHIB) turning heads with substantial 3,257% on-chain surge, bringing it closer to surpassing $0.00001 mark

Shiba Inu Witnesses Epic 3,257% On-Chain Spike as SHIB Price About to Erase Zero

Over eight billion Shiba Inu (SHIB) incinerated amid insane burn rate figures

Shiba Inu (SHIB) Burn Rate Sees Mega Boost, Soars 7,686,774.46%

Shibarium has recently burned a staggering 8.2 billion Shiba Inu, equivalent to approximately $74,000. Read more about it on CE.

Shiba Inu Burn Rate Spikes 7424294.41%, $74K Worth SHIB Burned

The Shiba Inu price has dropped by 3% in the past 24 hours, slipping to $0.00000895 on a day when the market has pared back some of its gains from earlier in the week.

Shiba Inu Price Prediction as Shibarium Daily Transactions Hit Record Highs – Is SHIB Set for a Major Rally?

The Shiba Inu lead developer Shytoshi Kusama has responded to a recently unveiled insight into the role of SHIB.

Shiba Inu Lead Dev Responds To Uncovered Role Of SHIB | Bitcoinist.com

SHIB price has gained over 20% in value during the past week. One of the prime reasons for the recent Shiba Inu surge is assumed to be

Shiba Inu Price Displays A Bullish Jump As Market Pumps! What’s Next For SHIB Price?

Shiba Inu (SHIB) has declined in value, according to the weekly technical indicator, by 10%, leading many to diversify their holdings with other

Shiba Inu Price Corrects, Can it Recover?  Dogecoin and Everlodge Uptrend Continues

Shiba Inu's rally not stopping anytime soon, as price still has room to grow

Shiba Inu (SHIB) 13% Price Increase: What's Next and New Target

Shibarium's most recent developments might have fueled Shiba Inu's latest price rally.

Three Reasons Why Shiba Inu (SHIB) Price Soared 10% Today

Shiba Inu benefiting from bullish market momentum

Shiba Inu (SHIB) Triggers 341% Volume Increase, Reason Behind It?

Upbit, South Korea's crypto giant, sees 84 billion SHIB influx — worth $700,000 — prompting speculation: Sell-off looming or major Shiba Inu move ahead?

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Shiba Inu(SHIB)

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