SHIB

Shiba Inu (SHIB) was created in August 2020 by the anonymous developer "Ryoshi" as an Ethereum-based meme token inspired by Dogecoin, featuring the same Shiba Inu dog breed as its mascot. Initially launched with a quadrillion token supply, SHIB gained massive popularity during the 2021 meme coin surge, with its community-driven "SHIBArmy" helping propel it into the top cryptocurrencies by market capitalization.

The Shiba Inu ecosystem has evolved beyond its meme origins to include ShibaSwap decentralized exchange, additional tokens like LEASH and BONE, and ambitious projects including the upcoming Shibarium layer-2 blockchain and plans for a metaverse gaming platform. Major cryptocurrency exchanges and payment processors have added SHIB support, while high-profile endorsements and social media campaigns continue driving retail adoption and trading volume.

At CoinDesk, we track Shiba Inu news covering price movements, ecosystem developments, and the broader meme coin market dynamics that influence SHIB's performance. Our coverage explores how community-driven marketing intersects with serious blockchain development, the impact of celebrity endorsements and social media trends, and the token's evolution from pure speculation to utility-focused projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Videos

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump

Shiba Inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value Wednesday, backed by “smart money” worth about $160 million from the past seven days. This comes as ads for Floki, a meme-based coin named after Tesla CEO Elon Musk’s shiba inu dog, have appeared on London’s transportation network in recent weeks.

Oct 27, 2021

Videos

Is a Correction Coming Soon Frothy-Looking Crypto Markets?

CoinDesk’s Galen Moore discusses the “frothy” state of the crypto markets and a possible correction ahead as the SHIB rally signals excess speculation. Plus, reactions to Capriole Investments CEO Charles Edwards’ assessment on bitcoin’s metrics and Robinhood shares falling as crypto trading revenue declines.

Oct 27, 2021

Markets

Bitcoin Dips Below $59K as Leverage Ratio, SHIB Rally Signal Excess Speculation

SHIB’s parabolic run has again coincided with a pullback in bitcoin’s price.

By Omkar GodboleOct 27, 2021

Videos

ProShares Files for Exemption, Shiba Inu Hits All-Time High

ProShares files for exemption from Chicago Mercantile Exchange trading limits. Greenidge more than doubles Bitmain mining rig order. Shiba Inu hits an all-time high. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”

Oct 25, 2021

Markets

Shiba Inu Hits Record High as Bitcoin Eyes Weekly Price Loss

The previous SHIB coin pump in early May was followed by a market-side sell-off.

By Omkar GodboleOct 24, 2021

Markets

Vitalik Buterin Sent Away Trillions of Unwanted Dog Coins, but More Keep Rolling In

The Ethereum co-founder has again shown little love to DOGE knockoffs like baby shiba.

By Muyao ShenOct 20, 2021

Videos

Why Shiba Inu Has Been More Resilient Than Some SHIB Haters Would Like to Admit

While institutional investors have largely ignored dogecoin killer shiba inu (SHIB), the meme-token is rising thanks to its SHIB Army grassroots community. “The Hash” squad discusses the SHIB phenomenon and why this is a continuing story to watch.

Oct 15, 2021

Markets