About Shiba Inu (SHIB)

What is Shiba Inu (SHIB)?

Funny enough, Shiba Inu wasn’t meant to become this big. It started back in 2020 as a meme — an experiment really — but the thing caught fire. Built on Ethereum and now running on its own Layer-2, Shibarium, it’s gone from “Dogecoin killer” to a full ecosystem. DeFi, NFTs, metaverse — all packed inside what was once a joke token. It’s kind of wild how that turned out.

What’s unusual about SHIB’s token setup?

No seed rounds, no fancy pre-sale. Half the supply — about 505 trillion SHIB — went straight to Vitalik Buterin, and the other half — 495 trillion — to Uniswap. Then Buterin burned 410 trillion and gave 50 trillion to India’s COVID relief. That wasn’t scripted. It turned a meme coin into a deflationary experiment almost by accident. The story still sounds unbelievable, but it’s all on-chain.

Did Shiba Inu ever do fundraising?

At first, no — it was pure fair launch. Anyone could buy it once the contract went live. Years later, though, in April 2024, the team ran a $12 million founding round tied to the TREAT token. This one had actual venture backing. The goal wasn’t marketing; it was funding tech — privacy layers, scalability, all the serious stuff that keeps a chain alive long-term.

Who actually invested in that round?

The lineup was pretty recognizable: DWF Labs led it, with Mechanism Capital, Morningstar Ventures, Woodstock Fund, Animoca Brands, Shima Capital, P2 Ventures, Big Brain Holdings, and Comma3 Ventures joining in. Different tiers, same bet — that Shibarium could become more than a meme playground. You could say it’s the moment Shiba Inu grew up a bit.

How’s the unlocking situation for SHIB and TREAT?

Simple. SHIB is already 100 % unlocked — both the Vitalik and Uniswap parts finished on January 30, 2021. No cliffs, no vesting, nothing pending. TREAT, on the other hand, plays the long game. It unlocks gradually through 2028 across development, treasury, and community pools. It’s more traditional, the kind of model you’d expect from a funded crypto project.

Where can you trade SHIB?

Almost anywhere you’d expect. Binance, Coinbase, OKX, MEXC, Uniswap, even ShibaSwap itself. The main pairs are SHIB/USDT and SHIB/USD, though there are BTC and ETH ones too. You can find perps on major derivatives desks if that’s your thing. Liquidity isn’t a problem — if anything, SHIB trades in every corner of crypto.

What milestones stand out in SHIB’s story?

Three moments keep coming up. The Buterin burn in 2021 — that’s the one that shocked everyone. Then ShibaSwap launched, proving it wasn’t vaporware. And finally Shibarium, the Layer-2, went live and actually handled over a billion transactions. Each move peeled off a layer of meme identity and replaced it with something that looked a lot like infrastructure.

What’s next for the project?

They’re chasing a lot: ShibaSwap 2.0, a metaverse, a super app called Shiba Hub, and a privacy layer using FHE encryption. Maybe too much at once, maybe not — depends who you ask. Still, you can feel the ambition. The idea is to build a “decentralized digital state,” which sounds poetic until you realize they might just pull it off.