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Launched in 2020 as an Ethereum-based meme coin, Shiba Inu (SHIB) branded itself as the Dogecoin killer, leveraging the Shiba Inu dog motif. Its ecosystem includes decentralized exchange ShibaSwap, token LEASH, and BONE for governance. SHIB’s hyper-deflationary tokenomics—1 quadrillion initial supply—and community-driven "ShibArmy" fueled viral growth, aided by endorsements from figures like Vitalik Buterin (who burned 40% of supply). Despite no intrinsic utility, SHIB’s 2021 rally (over 46,000,000% gains) and listings on major exchanges (Coinbase, Binance) cemented its status as a top meme coin. However, extreme volatility and reliance on speculative hype underscore risks. Investors should prioritize research and caution in this highly unpredictable market.$ETH
