SHIBA INU COIN 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". Shiba Inu 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. Shiba Inu was created in August 2020, dubbing itself the 'dogecoin killer'. 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. The exchange price of the cryptocurrency notably surged in early October 2021. Initially it increased over 55% after rumors of the launch of a decentralized exchange, its value continued rising with an increase of 240% over the week.
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