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What is Shiba Inu (SHIB) crypto coin?

Posted By leo Dela Cruz    On 28 Nov 2025    Comments(14)
What is Shiba Inu (SHIB) crypto coin?

SHIB Value Calculator

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Current price: $0.00000006 (approx) 2021 Peak: $0.00008 Market Cap: $12B
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Note: Shiba Inu has 1 quadrillion tokens in circulation (1,000,000,000,000,000). To reach a $10B market cap, SHIB only needs to be $0.00001 per token.
Understanding SHIB Value

With a massive supply of 1 quadrillion tokens, SHIB requires very low prices to achieve significant market capitalization. For example:

100,000 SHIB
At current price
$0.006
1,000,000 SHIB
At current price
$0.06
10,000,000 SHIB
At current price
$0.60

People often mix up Shiba Inu with Shina Inu-but there’s no such thing as "Shina Inu" (SHIN). What they’re probably looking for is Shiba Inu, the meme coin known as SHIB. It’s one of the most talked-about cryptocurrencies in the world, not because it’s backed by a company or solves a technical problem, but because of its massive community and wild price swings. If you’ve heard someone say "I bought Shina Inu," they meant SHIB. Let’s clear that up and explain what this coin actually is.

Shiba Inu started as a joke

In August 2020, an anonymous person or group using the name "Ryoshi" launched SHIB on the Ethereum blockchain. The whole idea was to make a fun, meme-based alternative to Dogecoin. No whitepaper. No CEO. No roadmap. Just a coin with one quadrillion tokens-more than anyone could ever realistically spend. The name came from the Shiba Inu dog breed, the same one featured in the Dogecoin logo. It was pure internet culture: a joke turned into a movement.

At first, nobody took it seriously. But then something unexpected happened. People started buying it. Not because they thought it would become a global currency, but because they believed in the community. Reddit threads exploded. Twitter influencers jumped on it. By early 2021, SHIB was up 10,000,000% from its launch price.

It’s built on Ethereum

Unlike Dogecoin, which runs on its own blockchain, SHIB is an ERC-20 token. That means it lives on the Ethereum network. This gives it access to tools like MetaMask wallets, decentralized exchanges like Uniswap, and smart contracts. It also means you need Ethereum (ETH) to pay for transaction fees-called gas-every time you send or trade SHIB.

This detail matters. If you’re trying to buy SHIB, you can’t just use a credit card on most platforms. You usually need to first buy ETH, then swap it for SHIB on a decentralized exchange. For beginners, that’s a hurdle. But it also means SHIB can connect to DeFi apps, NFT marketplaces, and other Ethereum-based projects.

There’s more than just SHIB

What makes Shiba Inu different from other meme coins is its ecosystem. It’s not just one coin-it’s three:

  • SHIB: The main token. One quadrillion were created. Most of them are still in circulation.
  • LEASH: A rare token with only 107,646 in supply. It was originally meant to be a "premium" version of SHIB. Now it’s mostly used for staking and governance.
  • BONE: The governance token. Holders use BONE to vote on changes to the ShibaSwap platform and Shibarium network.

This structure gives the project more depth than most meme coins. It’s not just about price speculation. People can earn rewards, vote on upgrades, and even help fund dog shelters through community donations.

Teenagers in a café celebrate donating SHIB tokens to a dog shelter with holographic price charts.

Shibarium: The big upgrade

In August 2023, the team launched Shibarium-a Layer-2 scaling solution built on top of Ethereum. Before this, sending SHIB cost $5-$10 in gas fees. That made small transactions impossible. Shibarium changed that. Now, transactions cost less than $0.05. That’s a game-changer for everyday use.

Shibarium also allows developers to build apps on top of the Shiba Inu network. There are already NFT projects, gaming dApps, and payment tools using Shibarium. The goal? Turn SHIB from a meme into a working blockchain platform.

It’s not perfect. Some users still struggle with the setup. A CoinGecko survey found that 63% of new users failed their first transaction because they didn’t have enough ETH for gas. But the improvements are real. The number of active SHIB wallets grew by 140% between 2021 and 2023.

It’s not a good store of value

Here’s the hard truth: SHIB will never be Bitcoin. It’s not designed to be. With one quadrillion tokens in existence, even if the price rose to $0.00001, the total market cap would hit $10 billion. That’s a lot-but it’s still tiny compared to Bitcoin’s $1 trillion+ market cap.

Experts like JPMorgan argue that this huge supply makes price growth nearly impossible. If you own 1 million SHIB, that’s only worth $10 at $0.00001 per token. To make $1,000, you’d need 100 million tokens. That’s why most people treat SHIB like lottery tickets-not savings.

But that’s not the whole story. The community uses it differently. On Reddit’s r/SHIBArmy, users talk about burning tokens to reduce supply. They donate millions of SHIB to dog shelters. They test new features on Shibarium. They’re not just waiting for the price to go up-they’re building something.

Who’s using it?

According to a January 2023 survey of 2,500 SHIB holders, 68% said they kept the coin because of the community. Only 12% said they bought it for investment. That’s unusual. Most cryptocurrencies are held for financial gain. SHIB is held because people feel part of something.

There’s also real-world impact. In August 2023, the Shiba Inu Rescue Association raised 2.3 billion SHIB (about $20,000) to help 17 dog shelters across North America. That’s not a marketing stunt-it’s a recurring effort. The team even burned 40% of the initial supply in 2021, giving it to Ethereum co-founder Vitalik Buterin, who then donated it to charity. That move alone added credibility to the project.

A magical portal called Shibarium connects a city to NFTs and dog-themed digital assets.

Is it safe to buy?

SHIB is extremely volatile. In October 2021, it surged 240% in one week. Then it dropped 55% in the next month. One Reddit user lost $8,500 in a single month. That’s not rare. Meme coins are risky by design.

Also, most businesses don’t accept SHIB directly. Only about 147 physical stores worldwide do. If you want to spend it, you usually need to convert it to USD first through a third-party processor like BitPay-often with high fees.

Regulators are watching too. The SEC has flagged SHIB as a speculative asset with "limited fundamental value." That doesn’t mean it’s illegal. But it does mean you’re on your own if things go wrong.

What’s next?

The Shiba Inu team has a roadmap. Phase 2 of Shibarium (late 2023) aims to handle 10,000 transactions per second-close to Visa’s capacity. Phase 3 (2024) will connect Shibarium to Binance Smart Chain and Polygon. That could open up millions of new users.

Analysts are split. Standard Chartered predicts SHIB could hit $0.000035 by 2025. Bernstein Research says it’ll stay under $0.000005. Delphi Digital gives it a 65% chance of surviving five years. JPMorgan says it won’t.

But here’s what’s clear: SHIB isn’t dying. It’s evolving. The community is active. The tech is improving. And even if the price crashes tomorrow, the ecosystem will still be there.

How to get started

If you want to try SHIB:

  1. Get an Ethereum wallet like MetaMask.
  2. Buy a small amount of ETH (at least $10) to cover gas fees.
  3. Go to a decentralized exchange like Uniswap or ShibaSwap.
  4. Swap your ETH for SHIB.

Start small. Don’t invest more than you can afford to lose. And remember-you’re not buying a currency. You’re joining a movement.

Is Shina Inu (SHIN) the same as Shiba Inu (SHIB)?

No, Shina Inu (SHIN) doesn’t exist. It’s a common misspelling or typo of Shiba Inu (SHIB). There is no cryptocurrency called SHIN. All references to "Shina Inu" are incorrect. If you’re looking for the meme coin with the dog logo and one quadrillion tokens, you want SHIB.

Can I use SHIB to buy things online?

Directly? Very rarely. Only about 147 physical stores worldwide accept SHIB. Most online merchants that say they accept it use third-party payment processors like BitPay, which convert SHIB to USD instantly. This adds fees and delays. SHIB is not designed as a payment coin like Bitcoin or Litecoin. Its real use is in DeFi, staking, and community projects.

Why does SHIB have such a huge supply?

The one quadrillion token supply was intentional. It made the coin feel accessible-even a single SHIB token could be bought for a fraction of a cent. The idea was to create a "people’s coin." But it also makes price growth difficult. To reach a $10 billion market cap, SHIB only needs to hit $0.00001. That’s why the team burns tokens regularly-to reduce supply and increase scarcity. Vitalik Buterin burned 40% of the supply in 2021, which helped create hype and reduce inflation.

Is SHIB a good investment?

It’s not an investment-it’s a speculation. SHIB has no revenue, no product, and no traditional fundamentals. Its value comes from community belief and hype. Some people have made money. Many have lost it. If you’re looking for long-term growth, look at Bitcoin or Ethereum. If you’re okay with gambling on internet culture, SHIB might be fun-but treat it like a lottery ticket, not a portfolio staple.

What’s the difference between SHIB and Dogecoin?

Dogecoin runs on its own blockchain and is mainly used for tipping and small payments. SHIB runs on Ethereum, which lets it interact with DeFi apps, NFTs, and smart contracts. SHIB has three tokens (SHIB, LEASH, BONE) and a Layer-2 network (Shibarium). Dogecoin has one token and no ecosystem. SHIB is more complex. Dogecoin is simpler. Both are memes-but SHIB has tried to build something beyond the joke.

Can I stake SHIB?

Yes, but not SHIB directly. You can stake LEASH and BONE tokens on ShibaSwap to earn rewards. You can also lock SHIB in Shibarium’s staking pools to earn additional BONE tokens. Staking requires a wallet like MetaMask and some technical know-how. It’s not as simple as putting money in a savings account. But it’s one of the few ways SHIB holders can earn passive income.

Is SHIB regulated?

No central authority controls SHIB, but regulators are paying attention. The SEC has called it a speculative asset with "limited fundamental value." In the U.S., selling SHIB as an investment could trigger securities laws. Exchanges like Coinbase and Binance list it, but they don’t guarantee its value. You’re responsible for your own risk. Always check your local laws before buying.

How do I store SHIB safely?

Use a non-custodial wallet like MetaMask, Trust Wallet, or Ledger. Never store SHIB on an exchange unless you’re actively trading. Exchanges can freeze accounts or get hacked. Keep your private keys offline. Write them down on paper and store them somewhere safe. If you lose your keys, you lose your SHIB-there’s no recovery option.

Why does SHIB have so many supporters?

Because it feels like a movement, not a currency. The community runs charity drives, creates art, builds games, and tests new tech. Many holders say they’re in it for the people, not the price. The Shiba Inu Rescue Association has raised over $200,000 for dog shelters. The team doesn’t force this-they just enable it. That kind of organic energy is rare in crypto.

What’s the future of SHIB?

The future depends on Shibarium. If it becomes fast, cheap, and widely used, SHIB could become a real platform-not just a meme. If it fails, SHIB will fade into history like hundreds of other meme coins. The community is strong, but tech wins in the end. The next two years will decide whether SHIB evolves-or collapses.

14 Comments

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    SARE Homes

    November 29, 2025 AT 19:11

    This isn't crypto-it's a circus with a dog logo! People are throwing money at a joke because they think it's magic? Wake up! SHIB has zero utility, zero backing, and zero brains behind it. You think Vitalik's donation made it legitimate? Please. That was PR, not proof. You're not investing-you're feeding a gambling addiction dressed as a movement.

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    SHASHI SHEKHAR

    November 30, 2025 AT 13:01

    Okay, let me break this down real simple for everyone who thinks SHIB is just a meme đŸ¶đŸ’ž

    First-it's on Ethereum, so it can interact with DeFi, NFTs, and smart contracts. That's huge. Most meme coins are stuck in the 2017 era. SHIB? It's got Shibarium now-gas fees under $0.05? That’s cheaper than your coffee.

    Second-it’s not just SHIB. There’s LEASH and BONE. You can stake them. Earn rewards. Vote on upgrades. That’s a real ecosystem, not a joke.

    Third-40% of supply burned? By Vitalik himself? That’s not hype-that’s scarcity engineering.

    Fourth-over 200K donated to dog shelters? Real people, real impact. No corporate sponsor. Just a community that cares.

    Fifth-68% of holders say they’re in it for the community, not the price. That’s unprecedented in crypto. This isn’t a pump-and-dump. It’s a digital tribe.

    Yes, it’s volatile. Yes, it’s speculative. But calling it worthless? That’s like calling Reddit worthless because it has memes. You’re missing the point. It’s not about value-it’s about belonging.

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    Vaibhav Jaiswal

    November 30, 2025 AT 20:16

    Man, I remember when SHIB was worth $0.00000001 and people were laughing at it. Now? It’s got its own blockchain layer, charity drives, and a fanbase that shows up like it’s a concert. I don’t care if Wall Street calls it garbage-I care that my neighbor in Kerala bought his first crypto with $5 and now helps fund dog rescues in Ohio. That’s not finance. That’s magic.

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    Abby cant tell ya

    November 30, 2025 AT 22:58

    I lost $12k on this trash. Don’t be fooled. It’s all fake energy. The ‘community’ is just bots and influencers shilling. You think they care about dogs? They care about your wallet. 💔

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    Ian Esche

    December 1, 2025 AT 11:13

    Let’s be clear-this is American innovation. A joke turned into a global movement? That’s the spirit of the free market. No government. No central bank. Just people deciding what’s valuable. SHIB is proof that the future belongs to those who dare to be weird. Respect it. Or get left behind.

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    Felicia Sue Lynn

    December 3, 2025 AT 10:37

    The philosophical underpinning of Shiba Inu is fascinating: it challenges the very notion of intrinsic value in digital assets. Unlike Bitcoin, which seeks to be sound money, or Ethereum, which seeks to be a world computer, SHIB aspires to be a cultural artifact-a collective expression of internet absurdity turned into communal purpose. Its survival is not predicated on financial utility but on social cohesion. In this sense, it may be the most human cryptocurrency ever created.

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    Rachel Thomas

    December 4, 2025 AT 04:37

    Shibarium? More like Shibafail. Everyone’s acting like it’s the next Bitcoin. Newsflash: no one uses it. And if you think burning tokens makes it valuable, you’re just a sucker. I’ve seen this movie before. It ends with a crash and a bunch of crying losers.

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    Sierra Myers

    December 4, 2025 AT 23:11

    Why do people still talk about this? It’s literally just Dogecoin with a new logo. And don’t even get me started on ‘LEASH’ and ‘BONE’-sounds like a pet store sale. If you’re buying this, you’re not smart. You’re just desperate.

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    SHIVA SHANKAR PAMUNDALAR

    December 5, 2025 AT 15:31

    SHIB is the capitalism of delusion. You think you’re part of a movement? Nah. You’re just another cog in the hype machine. The ‘community’ is a mirage. The real movement is the one selling you the dream. Wake up. It’s not about dogs. It’s about dollars.

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    Shelley Fischer

    December 6, 2025 AT 23:50

    It is noteworthy that the Shiba Inu project, despite its origins as a satirical token, has demonstrated a remarkable capacity for organic community-driven development. The integration of Shibarium as a Layer-2 solution represents a significant technical advancement for an asset that began without a whitepaper. Furthermore, the charitable initiatives undertaken by its user base reflect a decentralized ethos that transcends traditional financial incentives. This evolution merits serious consideration, even among skeptics.

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    Puspendu Roy Karmakar

    December 8, 2025 AT 18:29

    Bro, I started with $20. Now I help my cousin in Mumbai buy groceries with SHIB through Shibarium. No, it’s not Bitcoin. But it’s real. People are using it. Not because they’re rich. But because it’s cheap, fast, and feels good. You don’t need a finance degree to get it. Just a heart.

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    Komal Choudhary

    December 8, 2025 AT 23:27

    Wait, so you’re telling me I can’t just buy SHIB on Robinhood? I thought it was supposed to be easy? Why do I need ETH? Why do I need a wallet? This is too much work. I just wanted to meme. đŸ˜€

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    Tina Detelj

    December 9, 2025 AT 02:44

    SHIB is the glitter bomb of crypto-loud, chaotic, absurdly colorful, and somehow
 beautiful. It doesn’t solve problems. It doesn’t need to. It’s a glittering middle finger to Wall Street’s beige spreadsheets and soulless tokens. It’s the internet’s last great rebellion: a trillion-dollar joke that refused to die
 and somehow, against all logic, became a home for the lost, the lonely, and the dog-loving. I don’t invest in SHIB. I celebrate it.

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    Wilma Inmenzo

    December 9, 2025 AT 23:58

    They’re lying. SHIB is a CIA project. They needed a distraction after the Fed’s collapse. That’s why they let Vitalik ‘burn’ the tokens-it was a cover-up. The real supply is still out there. And Shibarium? It’s not a blockchain. It’s a surveillance tool. They’re tracking your wallet. Don’t touch it. Burn your keys. Run.