Shiba Inu is a meme cryptocurrency that launched in 2020 as a self-described 'Dogecoin killer.' Built on the Ethereum blockchain, SHIB has an enormous total supply in the trillions, which keeps its per-token price extremely low — making it psychologically attractive to retail traders who want to own millions of tokens. The Shiba Inu ecosystem has expanded to include ShibaSwap (a decentralized exchange), Shibarium (a layer-2 network), and an active community known as the SHIB Army.
Shiba Inu (SHIB) is currently trading at $0.00000544 with a market capitalization of $3.2B. Over the past 52 weeks, SHIB has traded between $0.00000400 and $0.00001500. Daily trading volume is approximately 150.0M.
Shiba Inu launched in August 2020 as an Ethereum-based ERC-20 token, branding itself as the Dogecoin killer. The project initially had no clear technology differentiation beyond the meme branding — its main innovations have come post-launch with the development of Shibarium, a Layer-2 scaling solution on Ethereum, and the ShibaSwap decentralized exchange. The token has an enormous total supply (originally one quadrillion tokens, half of which was sent to Vitalik Buterin's address and largely burned or donated). SHIB is held in trillions per typical wallet due to the low unit price.
SHIB holders are predominantly retail meme-coin speculators. The holder base exploded in late 2021 during the meme-coin mania and has remained one of the most-held tokens by wallet count on Ethereum, though most wallets hold small dollar amounts. The Shib Army community is highly active on social media. Larger holders often participate in SHIB burns — voluntarily sending tokens to dead addresses to reduce supply, an attempt to drive the price up by scarcity.
SHIB moves on social media sentiment, meme-coin season rotations, and major burn events. Shibarium launch and adoption metrics matter. SHIB tends to outperform during late-cycle altseason when retail capital chases unit-bias plays — coins that look cheap because each token is a fraction of a cent. It tends to underperform during institutional risk-on phases focused on Bitcoin and large-cap alts. Watch the SHIB-to-DOGE ratio for relative meme-coin strength.
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