When was the Shiba Inu coin issued? Learn about the origin of Shiba Inu coins in one article

Launched on August 10, 2021, Shiba Inu Coin was created by a mysterious figure who goes by the pseudonym “Ryoshi” to provide an interesting alternative to Dogecoin. Initially issued as an Ethereum ERC-20 token, the total issuance is 100 trillion, with 50% allocated to Ethereum founder Vitalik Buterin, who donated his share to India’s Covid-19 relief fund.

Origin of Shiba Inu Coin

Shiba Inu Coin was first issued on August 10, 2021.

Background

The creator of Shiba Inu Coin is a mysterious figure with the pseudonym "Ryoshi". The project aims to create a “fun and friendly alternative to Dogecoin.” The Shiba Inu coin is named after the Japanese Shiba Inu dog breed, which is characterized by its fluffy fur and unique smile.

Issuance

Shiba Inu Coin was initially issued as an ERC-20 token on the Ethereum network. Its total issuance is 100 trillion, 50% of which is sent to Ethereum founder Vitalik Buterin, and the remaining 50% is distributed to the community. Buterin subsequently donated his tokens to India’s Covid-19 relief fund.

Rapid Growth

Shiba Inu Coin gained widespread attention shortly after its release, due in large part to its mascot and its close relationship with others such as Dogecoin Association of popular meme coins. Its rapid rise has made it one of the top ten cryptocurrencies by market capitalization.

Community Development

The Shiba Inu Coin community has been very active since the inception of the project. The community has a strong online presence and is involved in various activities such as charity work and technology development.

Current Status

As of March 2023, Shiba Inu Coin remains a popular cryptocurrency and continues to have strong community support. It has been used for a variety of purposes, including payments, investing, and creating non-fungible tokens (NFTs).

Shiba Inu price skyrocketed

As of 10 a.m. on August 30, the price of Shiba Inu (SHIB) was $1.4036674524905E-5, and the trading volume within 24 hours was $193677836.60345. SHIB price increased by 0.89941816% in the past 24 hours.

Reasons for Price Changes

The recent price increase may be due to several factors, including:

• Community Support and Online Hype.
• Look forward to upcoming updates and developments.

Future Price Trend

Forecasts of SHIB’s future price trend may fluctuate. However, as market sentiment improves and the ecosystem continues to grow, SHIB may see modest gains.

Steps Investors Should Take

Investors should carefully weigh the risks and conduct their own research before making any decisions. Given its volatility, prudent investing is crucial.

Short-term trend forecast

In the short term, SHIB may continue to fluctuate, but the overall trend is expected to be upward.

Main Indicators

• Current price: $1.4036674524905E-5
• 24-hour trading volume: $193677836.60345
• Price change (24 hours): +0.89941816%
• Circulation volume: 5.8927014040156E+14 SHIB
• Total supply: 5.8927014040156E+14
• Circulation market value: $8271393168.0617

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