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| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| SHIB | -58.46% | +57,800% | +256.89% | +0% |
| S&P | +17.36% | +80.49% | +12.52% | +110% |
Shiba Inu (SHIB) is a memecoin and Ethereum-based cryptocurrency that was launched as a community project in 2020 by an anonymous individual or group called Ryoshi. It features a Shiba Inu dog as its mascot and has a circulating supply of one quadrillion tokens. The Shiba Inu ecosystem includes SHIB, the native token; Leash (LEASH), the native currency of the Shiba Inu decentralized exchange (ShibaSwap); and Bone (BONE), the governance token. The ecosystem also includes ShibaSwap, non-fungible tokens (NFTs), an upcoming Metaverse, play-to-earn games, and a decentralized autonomous organization (DAO) called the DoggyDAO. SHIB was created as an experiment in decentralized spontaneous community building and has over one million holders on the Ethereum network. It differs from Dogecoin in that it is built on top of the Ethereum blockchain and has a number of tokens and applications surrounding it that do not support DOGE.
It's been a rough 24 hours for investors in this popular meme token.
Leverage is working against investors in this key speculative meme coin.
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