Its existence is largely meant to be a joke. The crypto token's mascot is the Shiba Inu -- a dog breed known for its meme usage well before the introduction of the token.

The case for Shiba Inu With Shiba Inu trading at less than $0.000025 per token as of this writing, the cryptocurrency is much cheaper than Dogecoin on a pure-dollar basis.

The case for Shiba Inu With Shiba Inu trading at less than $0.000025 per token as of this writing, the cryptocurrency is much cheaper than Dogecoin on a pure-dollar basis.

That's why, Shiba Inu's price more than tripled twice in 2024, only to give up those gains as suddenly as they appeared. In 2021, this token rose in value by 1,000% in a matter of weeks twice.

Tick marks outweighs a crossmark on an imbalanced seesaw Shiba Inu launched in August 2020 at a mere $0.0000000001725. The token then quickly surged to an all-time high in 2021, removing five ...

That's why, Shiba Inu's price more than tripled twice in 2024, only to give up those gains as suddenly as they appeared. In 2021, this token rose in value by 1,000% in a matter of weeks twice.

Author: Anushka Basu Publish date: Mar 27, 2025 9:47 AM EDT The Shiba Inu (SHIB) burn rate skyrocketed around 57,069.02% over the last 24 hours, with more than 1 billion SHIB permanently removed ...

Image source: Getty Images. Shiba Inu could reach $1, but the end result might surprise investors To justify a price of $1 per token, 99.99998% of all tokens would have to be burned. In other ...

In mid-October, Shiba Inu fell to a short-term low of $0.000007 (give or take a few minuscule fractions of a penny), and dog-themed meme coins were scarcely mentioned in the financial press.