Shiba Inu 

SHIB Price

What is the Shiba Inu (SHIB) meme coin?

Shiba Inu (SHIB) is a meme token launched in August 2020 as an ERC-20 asset on Ethereum, created by the pseudonymous founder Ryoshi. The project has since grown into a broader ecosystem: the ShibaSwap decentralized exchange, the Shibarium layer-2 network, ShibDAO governance and a token family of SHIB, BONE, LEASH and TREAT. DropsTab classifies SHIB under Meme, with Ethereum Ecosystem as a secondary category. The target audience is retail, community-driven DeFi users.

Is SHIB a meme coin?

Yes. SHIB launched as a Dogecoin-inspired ERC-20 token, and DropsTab classifies it under the Meme category. The surrounding project has since added utility components: the ShibaSwap exchange, the Shibarium layer-2 network and the BONE and TREAT tokens. SHIB itself remains the ecosystem's community token, with its fixed supply and burn mechanism as the main tokenomics levers.

Who founded Shiba Inu coin?

Shiba Inu was created by an anonymous founder using the pseudonym Ryoshi. Day-to-day development is led by the pseudonymous developer Shytoshi Kusama, and the ecosystem operates under the Shib Doggy DAO Foundation. Governance and product decisions run through this DAO-based structure rather than a public company. Ryoshi distributed the initial supply to outside parties and stepped away from the project.

What is SHIB's total supply and maximum supply?

SHIB launched with a fixed initial supply of 1 quadrillion tokens. In May 2021, Ethereum co-founder Vitalik Buterin burned roughly 410 trillion SHIB, about 40% of the total supply, and donated a further portion to the India COVID-Crypto Relief Fund. The burn reduced the maximum supply to 589,552,695,333,683 SHIB, a hard cap that community and Shibarium-related burns continue to reduce. The canonical contract is 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce on Ethereum, verifiable on Etherscan.

Does SHIB have a vesting schedule or upcoming token unlocks?

Per DropsTab vesting data, the supply splits into two allocations: 505 trillion SHIB (50.5%) credited to Vitalik Buterin and 495 trillion (49.5%) as initial Uniswap liquidity, both fully unlocked. The full supply was therefore liquid from launch, with no cliff and no lockups. No future unlocks are scheduled and no team or investor allocation exists, so unlock-driven sell pressure does not apply to SHIB. Ongoing burns reduce supply over time.

Can Shiba Inu (SHIB) be mined?

No. SHIB is an ERC-20 token on Ethereum, so Shiba Inu cannot be mined: no mining hardware, mining pools or block rewards exist for it. The supply was fixed at creation and only decreases through burns. Search interest around "Shiba Inu mining" reflects a misconception about how ERC-20 tokens are issued.

Will Shiba Inu coin ever reach $1?

There is no realistic path to $1 under the current supply structure. Per DropsTab data, the maximum supply is capped at about 589.55 trillion tokens, so a price of $1 per SHIB would imply a market cap of roughly $589 trillion, many times the value of the entire cryptocurrency market. This is why SHIB's per-token price has stayed in fractions of a cent.

What is the Shiba Inu ecosystem: Shibarium, ShibaSwap, BONE and TREAT?

The ecosystem spans ShibaSwap, a decentralized exchange; Shibarium, a layer-2 network whose mainnet went live in August 2023 with BONE as its gas token; ShibDAO governance; and Shib Name Service. LEASH and TREAT extend the token family beyond SHIB and BONE. A privacy-focused layer-3 chain built on Shibarium with fully homomorphic encryption from Zama is under development.

Who invested in Shiba Inu and what does the $12M round signal?

Per DropsTab fundraising data, Shiba Inu raised $12M in a Founding Round on April 22, 2024, structured as a sale of the then-unreleased TREAT token to non-U.S. venture investors. DropsTab records nine backers, including DWF Labs (Tier 1), Animoca Brands, Mechanism Capital and Morningstar Ventures, with none marked lead. Proceeds fund the privacy-focused layer-3 chain on Shibarium, with TREAT as its utility and governance token. The round signals venture backing for the ecosystem's shift beyond its meme origin.

On which exchanges can SHIB be traded?

Per DropsTab data, SHIB trades in over 100 market pairs. Spot depth sits on tier-1 centralized exchanges: Binance, Coinbase, Kraken, OKX, Bybit, KuCoin and Upbit, quoting against USDT, USD, KRW, EUR and other fiat currencies. Perpetual futures trade on OKX, Gate, KuCoin, MEXC and Kraken; tickers such as "1000SHIB-SWAP" are perp naming conventions, not a separate spot token. Decentralized liquidity runs across Uniswap, PancakeSwap and Sushiswap.