Shiba Inu (SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi". It's inspired by the Shiba Inu dog breed and has gained popularity as a community-driven currency.

*Current Price and Market Data:*

- Current price: $0.00001263

- Market cap: $7.44 billion

- 24-hour trading volume: $143.63 million

- Circulating supply: 589.24 trillion SHIB

*Key Features:*

- *Decentralized*: Operates on the Ethereum blockchain, allowing for peer-to-peer transactions without intermediaries.

- *Community-driven*: The SHIB community plays a significant role in its development and adoption.

- *ShibaSwap*: A decentralized exchange (DEX) that allows users to trade SHIB and other tokens.

*Recent News and Trends:*

- Low transaction volume: Only 320 billion SHIB were transacted in the last 24 hours, indicating a sluggish market.

- Price action: SHIB is trading near multi-month lows, with bears appearing to be in control.

- Large transactions: The seven-day peak for big transactions is only 3.14