SHIBA
Shiba Inu (cryptocurrency)
Shiba Inu (ticker: SHIB), also known informally as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as "Ryoshi".[1]
Shiba Inu (柴犬) is a Japanese term for a breed of dog; it is the dog that is depicted in Dogecoin's symbol, which itself was originally a joke cryptocurrency based on the Doge meme.[2]
Shiba Inu was created in August 2020, modeled off Dogecoin,[3] another cryptocurrency, by the anonymous founder known as "Ryoshi".[1] On 13 May, Vitalik Buterin donated more than 50 trillion SHIB (worth over $1 billion at the time) to the India COVID-Crypto Relief Fund.[4]
The cryptocurrency notably surged in early October 2021. Initially up over 55% after rumours of the launch of a decentralized exchange,[5] its value continued rising with an increase of 240% over the week. [6]
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