$SHIB coin, or Shiba Inu (SHIB), is a decentralized cryptocurrency inspired by the popular Shiba Inu dog breed, similar to Dogecoin. It was created as a meme coin but has gained significant popularity, often being referred to as a "Dogecoin killer." SHIB operates on the Ethereum blockchain and uses the ERC-20 standard. It has a large supply and aims to build an ecosystem, including decentralized finance (DeFi) projects, NFTs, and more. While it has experienced high volatility, it has garnered attention from retail investors and the crypto community.