What is Shiba Inu (Shib)?

The Shiba Inu token is a doggy-themed cryptocurrency that everyone is barking about. Here’s what you need to know about SHIB. Shibu Inu coin isn’t new, and saw its first surge alongside dogecoin (DOGE) in 2021 as the Wallstreetbets subreddit breathed new life into meme coins, especially ones with dogs as icons.

Could Shiba Inu take over Dogecoin?

Altcoin season is upon us again, though most are selling off Wednesday, and one unsuspecting front-runner continues to set new records: shiba inu. The meme token, which seemingly vaulted out of nowhere, now could take over dogecoin's spot to become the 10th-largest digital asset in the cryptocurrency ecosystem.

How much Shiba Inu can be mined?

There is a maximum limit of 589,735,030,408,323 SHIB. As of mid-2022, more than 549,000,000,000,000 had been mined. 6 That means there are less than 7% of SHIB left to be mined. Why Was Shiba Inu Called the Dogecoin Killer?

Does Ryoshi hold Shiba Inu coins?

Ryoshi claims they do not hold any shiba inu coins and nearly half of its supply is locked in a liquidity pool on decentralized exchange Uniswap. The rest was sent to Ethereum co-founder Vitalik Buterin. According to shiba inu’s white paper, Ryoshi sent tokens to Buterin with hopes that he’d keep the tokens.