Overview
Shiba Inu (SHIB) is a community-driven memecoin and Ethereum-based cryptocurrency launched in 2020 by the anonymous founder "Ryoshi." Featuring a Shiba Inu dog as its mascot, SHIB initially had a circulating supply of one quadrillion tokens. The ecosystem includes:
- SHIB: Native token.
- LEASH: Native currency for ShibaSwap (decentralized exchange).
- BONE: Governance token.
👉 Track SHIB’s latest price movements
Tokenomics and Supply
- Initial Supply: 1 quadrillion SHIB tokens.
- Vitalik Buterin’s Role: In May 2021, Ryoshi sent 50% of the total supply to Ethereum co-founder Vitalik Buterin, who burned 90% and donated the remaining 10% to charity.
- No Burn Mechanism: Unlike Bitcoin, SHIB has no halving or burn events to reduce supply further.
Price Volatility and Market Performance
- 2021 Surge: SHIB skyrocketed 1,953% in May, peaking at $0.00003532, but corrected sharply afterward.
- ATH: Reached $0.000089 on October 28, 2021, fueled by social media hype and Elon Musk’s influence.
👉 Learn how market trends impact SHIB
Shiba Inu Ecosystem Utilities
Unlike most memecoins, SHIB offers real-world utility:
- ShibaSwap: Decentralized exchange for trading, staking, and liquidity pools.
- Doggy DAO: Governance system for protocol upgrades.
- Shiboshi NFTs: 10,000 unique collectibles.
- Charity Initiatives: Rescue campaigns for Shiba Inu dogs.
Key Tokens:
| Token | Role | Max Supply |
|--------|-----------------------|------------------|
| BONE | Governance rewards | 250 million |
| LEASH | Store of value | 107,647 coins |
FAQs
What drives SHIB’s price volatility?
Social media trends, celebrity endorsements (e.g., Elon Musk), and speculative trading heavily influence SHIB’s price.
Can SHIB be staked for rewards?
Yes! ShibaSwap allows users to stake SHIB, BONE, or LEASH to earn BONE tokens.
Is SHIB a good long-term investment?
As a high-risk asset, SHIB’s value depends on community adoption and ecosystem growth. Diversify your portfolio wisely.
For real-time updates: 👉 Explore SHIB’s live chart
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