The Shiba Inu (SHIB) currency is one of the established cryptocurrencies and is the second most popular meme coin in the world with a market value of approximately 19 billion dollars. Its community has been making serious efforts since its early days to make it a rapidly spreading meme coin, resulting in a price increase of 8,766,010% in its first year. Its technical system includes a decentralized exchange (DEX) and a second-layer protocol for the Ethereum blockchain, as well as two sets of non-fungible tokens (NFTs), in addition to many partnerships and real-world projects.

The price of SHIB on May 29 was $0.0000275, with an increase of 8.19% over 24 hours.