The #SHIBUSDT a Inu journey began in August 2020, at a time when the cryptocurrency market was experiencing a major resurgence of interest. At that time, Dogecoin had already dominated the meme coin sector since 2013, but its anonymous creator Ryoshi identified an opportunity to create something different and potentially more ambitious.
Shiba Inu logo
The initial launch of SHIB was distinguished by a particularly bold approach: Ryoshi decided to create a total supply of 1 quadrillion tokens, or 1,000,000,000,000,000 SHIB. This astronomical quantity aimed to ensure that each unit remained financially accessible, even for the smallest investors. In a strong symbolic gesture, 50% of this total supply was immediately sent to Vitalik Buterin, the co-founder of Ethereum, creating a de facto “burn” since these tokens were considered lost.
The first few months following the launch remained relatively quiet, with the price hovering around $0.0000000014 per token. This latency period nevertheless allowed the community to structure itself and early adopters to establish their positions at negligible prices.
The real turning point came in March 2021, when interest in alternative cryptocurrencies exploded. The price of SHIB then began to show signs of life, reaching $0.00000006 by the end of the month. This first significant rise attracted the attention of investors and exchange platforms, marking the beginning of the project’s meteoric rise.
The year 2021 proved to be the year of consecration for Shiba Inu. In May, the token reached an initial peak of $0.000035, multiplying its value by several thousand percent in just a few months. This exceptional performance put SHIB in the spotlight of the entire crypto community and attracted mainstream media attention.
Who Created Shiba Inu ?
The identity of the Shiba Inu creator remains one of the most fascinating mysteries in the crypto ecosystem. Known only by the pseudonym Ryoshi (which means “fisherman” in Japanese), this enigmatic figure chose to remain completely anonymous, thus following the tradition established by Satoshi Nakamoto, the creator of Bitcoin.
Créateur Shib
Ryoshi communicated with the community primarily through posts on Medium and interactions on social media, sharing his vision of a decentralized and community-driven ecosystem. In his writings, he clearly expressed his ambition to create something that goes beyond the simple concept of a meme coin, envisioning a true ecosystem capable of competing with established projects.
Ryoshi’s philosophy is characterized by a resolutely decentralized approach. Unlike many crypto projects where founders retain significant control, Ryoshi deliberately chose to distribute power within the community. This approach is manifested notably by sending 50% of the total supply to Vitalik Buterin and by the progressive renunciation of the project’s control keys.
In May 2022, Ryoshi made a surprising decision that marked a turning point in the project’s history: he deleted all of his social media posts and permanently withdrew from public communication. In a final message, he explained that his mission was accomplished and that the project should now live autonomously, carried by its community.
This voluntary disappearance paradoxically reinforces the project’s credibility by demonstrating its creator’s commitment to decentralization. It also places Shiba Inu in a particular category of “orphaned” but autonomous crypto projects, similar to Bitcoin after the disappearance
of Satoshi Nakamoto.