2020: The creation of the Shiba Inu Coin
In August 2020, Shiba Inu Coin was launched anonymously under the pseudonym “Ryoshi”. Initially, it was an obscure token, priced extremely low, allowing individuals to acquire millions of tokens for just a few dollars, reflecting its massive initial supply of 1 quadrillion.
2021: viral popularity and donation from Vitalik
Shiba Inu Coin has attracted considerable attention and gained popularity, especially in May 2021, when Vitalik Buterin donated over $1 billion worth of SHIB. The number of followers on X exploded, and the silver label $SHIB has become common. SHIB price reached its all-time high in October 2021, peaking at around $0.00008845 per piece.
2022: Expansion of the ecosystem
Despite a general market slowdown, Shiba Inu Coin has focused on expanding its ecosystem. The price has fluctuated considerably but has hovered around $0.00002732 at the end of the year, reflecting broader market challenges and ongoing development efforts within the Shiba community.
2023: Building towards utility
In 2023, Shiba Inu Coin has moved toward broader utility through various initiatives. The price experienced volatility but saw an encouraging peak around $0.00001201 mid-year, driven by speculative interest and the partial recovery of the market as a whole.