The current Shiba Inu (SHIB) price is $0.00001144 USD**, with a 24-hour trading volume of **$90.07 million USD. Over the past 24 hours, SHIB has shown 0.00% growth. The circulating supply stands at 589.25 trillion SHIB, with a maximum supply of 589.55 trillion SHIB.
What Is Shiba Inu (SHIB)?
SHIB is a decentralized community-building experiment within the Shiba Inu ecosystem. Unlike Bitcoin, designed for scarcity, SHIB was intentionally created with an abundant supply—1 quadrillion tokens. Users can hold billions or even trillions of SHIB.
A Brief History of Shiba Inu
Originating as a meme token, Shiba Inu has evolved into a decentralized ecosystem. At launch, 50% of SHIB’s supply was allocated to Vitalik Buterin’s Ethereum wallet. SHIB’s price surged from an all-time low of $0.000000000056 USD** to a peak of **$0.000084 USD—a 150,000x increase. Vitalik donated 10% of his SHIB holdings to COVID-19 relief in India and burned the remaining 40%. This donation, worth ~$1 billion, ranks among the largest philanthropic contributions ever.
👉 How to buy Shiba Inu securely
How Shiba Inu Works
The Shiba Inu team launched ShibaSwap, a decentralized platform featuring two tokens:
- LEASH: A rare-reward token for ShibaSwap.
- BONE: A governance token for voting on Doggy DAO proposals.
SHIB serves as an Ethereum-based alternative to Dogecoin (DOGE), leveraging Ethereum’s ecosystem for DeFi applications like lending, savings, and NFT marketplaces.
Use Cases for Shiba Inu
The SHIB ecosystem supports:
- ShibaSwap (DeFi exchange).
- DoggyDAO (governance).
- NFT art incubators.
FAQ Section
Q: Is SHIB a good investment?
A: SHIB’s volatility makes it high-risk. Research market trends and diversify your portfolio.
Q: Where can I buy SHIB?
A: Major exchanges like 👉 OKX list SHIB. Always use secure platforms.
Q: What’s the difference between SHIB and DOGE?
A: SHIB is Ethereum-based with DeFi utilities; DOGE operates on its own blockchain as a pure meme coin.
Key Takeaways
- Monitor SHIB’s price trends and ecosystem updates.
- Use trusted platforms like 👉 OKX for trading.
- SHIB’s long-term value hinges on adoption and DeFi integration.