ShibaPup

1. Summary

Ranks

Liquidity

-

Developer

-

Social

50

Momentum (beta)

0

Stack Rank™

-

Price

$0.03 0.0%

Market Cap

$0.00 (#12188)

Supply

/

Tags

Meme Tokens Meme

More Metrics

Price
52W High price	$0.46
52W High date	19th Feb 2022 (3 years ago)
All Time High (ATH) Date	25th Jan 2025 (4 months ago)
All Time Low (ATL) Date	25th Jan 2025 (4 months ago)

Supply & Trading Volume
Trading Volume (24h)	$1.00

Less Metrics

Description

Shiba Inu

Read More

Shiba Inu

Shiba Inu (SHIB) is a meme token which began as a fun currency and has now captured mainstream attention ``.

Origins and Impact

Shiba Inu was initially launched as a meme coin but eventually gained significant attention and developed a decentralized ecosystem around it. When first launched, 50% of the token supply was allocated into Ethereum co-founder Vitalik Buterin's wallet. The token saw significant price gains, leading Vitalik to donate 10% of his SHIB holdings to a COVID-19 relief effort in India, valued at approximately $1 billion, and burn 40% of his holdings ``.

Current Developments

The Shiba Inu team has built various projects within the ecosystem, including a decentralized exchange called Shibaswap, which utilizes the tokens LEASH and BONE. LEASH is a limited supply token used to incentivize users on Shibaswap, while BONE is the governance token for holders to vote on proposals on Doggy DAO. The team also launched Shibarium, a dedicated L2 chain for the SHIB token ``.

Market Activity

SHIB tokens can be traded on centralized crypto exchanges, with popular options including DigiFinex, Gate.io, and MEXC. The daily trading volume of Shiba Inu is significant, indicating its market presence ``.

Ecosystem Growth

The project has expanded its ecosystem, including the recent raise of $12 million to fund a new layer 3 blockchain with a focus on privacy and security. This blockchain, powered by "Fully Homomorphic Encryption" (FHE), aims to enhance security and trust within the Shiba Inu ecosystem ``.

Overall, Shiba Inu has transcended its initial meme coin status to become a notable project in the cryptocurrency space, with a diverse ecosystem and significant market presence.

Show Less