Shiba Inu (SHIB) is an ERC20 meme token designed as a competitor to Dogecoin. In response, Doge Eat Doge (OMNOM) has emerged as the first meme token on Dogechain, aiming to challenge SHIB.

A significant 69% of the OMNOM supply has been burned and sent to Vitalik Buterin, the founder of Ethereum, on Dogechain. As long as he remains uninvolved with Dogechain, the situation appears stable.

Additionally, 31% of the OMNOM supply has been allocated to a pool on DogeSwap.