This article has been translated from English to Gen Z Slang.
Shiba Inu (SHIB), aka “the Dogecoin killer,” is the second most famous altcoin and meme coin after Dogecoin, fam. 🐶
Shiba Inu’s an ERC-20 token cruising on the Ethereum blockchain, and it's basically “100% run by its squad.” 🚀
Since it vibes on Ethereum, Shiba Inu totes inherits Ethereum’s decentralization vibe. 🌀
It’s seen as an alt to Dogecoin and backed by the SHIB Army, a hype squad of over 500,000 peeps, making waves on social media for Shiba Inu.
Shiba Inu’s mascot is totally based on the Shiba Inu dog, that cute Japanese pupper. 🐕
It popped onto the scene anonymously in August 2020, thanks to a person or squad named Ryoshi. 🤷♂️
The deets on this mystery founder are about as clear as mud, kinda like Satoshi Nakamoto, the mastermind behind Bitcoin.
Ryoshi spilled the tea that Shiba Inu was a low-key experiment in decentralized squad vibes, testing if a group could literally do its own thing without some big boss. 🔍
Shiba Inu was born with a stack of 1 quadrillion SHIB; they vibed half into Uniswap, donating the rest to Ethereum co-founder Vitalik Buterin.
Buterin took $1 billion worth of SHIB and sent it straight to a COVID-19 relief fund. 🎁
He wasn’t down to flex his SHIB clout either, so he yeeted the rest of his SHIB, worth $6 billion, burning it from circulation. 🔥
In 2021, Shiba Inu went viral when its price shot up by 1900% in just one week. Talk about glow up! 💸
SHIB and DOGE aren’t the only doggo-themed cryptos out there. 🦮
Baby Dogecoin (BabyDoge), Jindo INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM) wanna get lit just like SHIB. 😎
SHIB’s hype sparked over 100 copycat cryptocurrencies, like Shiba Fantom, King Shiba, SpookyShiba, BitShiba, and a ton more.
SHIB’s chilling as a top 15 crypto by market cap, with its squad hitting a $7.2 billion mcap as of August 2022. 💰
It’s got a total supply of 589 trillion SHIB, while 549 trillion SHIB is out there circulating like a boss.