"The brilliant minds behind Shib had never collaborated before.".
The SHIBA INU WoofPaper has three reasons why their team created SHIB: This news caused Shiba Inu price to rise by over 40% in the following two days, bringing the meme dog token into the spotlight again. 17, 2021, Coinbase, the largest U.S.-based crypto exchange, listed Shiba Inu on their platform. Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap. Vitalik Buterin was long believed to be the originator of Shiba Inu, but denied such rumors on the Lex Fridman podcast on June 5, 2021. This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries. SHIB is the main token of the Shiba Inu ecosystem, bringing the power of a decentralized, community-led currency to millions across the globe.
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