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

Launched on August 1, 2020, Shiba Inu Coin emerged as a meme-inspired cryptocurrency emulating Dogecoin's success and fostering a robust community.

Oct 01, 2024 at 06:17 am

1. Shiba Inu Coin: A Brief History and Origin

2. The Birth of Dogecoin and the Inspiration Behind Shiba Inu Coin

Dogecoin, a popular cryptocurrency featuring the Shiba Inu dog breed, was launched in 2013.
The creators of Shiba Inu Coin, Ryoshi and an anonymous team, were inspired by Dogecoin's success and saw an opportunity to create a similar currency with a strong community and meme-based appeal.

3. Shiba Inu Coin's Launch Date

Shiba Inu Coin (SHIB) was officially launched on August 1, 2020, as an ERC-20 token on the Ethereum blockchain.

4. Ryoshi's Role and Mysterious Disappearance

Ryoshi, the anonymous founder of Shiba Inu Coin, adopted the pseudonym of the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
Ryoshi shared their vision for Shiba Inu Coin as a decentralized and community-driven cryptocurrency.
In May 2021, Ryoshi gifted half of the total SHIB supply (50%) to Vitalik Buterin, the co-founder of Ethereum, and burned (destroyed) the other half, effectively removing their control over the project and distributing it among the community.
Ryoshi subsequently disappeared, leaving the development of Shiba Inu Coin in the hands of its growing community.

5. Shiba Inu Coin's Viral Popularity and Meme Status

Shiba Inu Coin gained significant popularity in 2021 due to its association with the dogecoin meme and the support of Elon Musk, the founder of Tesla and SpaceX.
The coin's funny and relatable Shiba Inu mascot resonated with a wide audience, contributing to its viral spread.

6. Conclusion

The Shiba Inu Coin was born out of the success and inspiration of Dogecoin. Launched on August 1, 2020, by an anonymous team led by Ryoshi, it quickly gained popularity due to its meme status and strong community support. Shiba Inu Coin's journey highlights the power of decentralized and community-driven cryptocurrencies and the impact of viral internet culture on the financial world.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

OBT

$0.0169

67.29%

Trade Now
PIXEL

$0.0480

53.63%

Trade Now
AUDIO

$0.0899

40.58%

Trade Now
KEEP

$0.1088

32.43%

Trade Now
MLK

$0.2041

23.41%

Trade Now
CVX

$2.6111

20.46%

Trade Now

Latest Crypto News

Lightchain AI: The Future of Cryptocurrency
2025-04-22 05:30:13
Coinbase Expands XRP Futures Contracts Trading
2025-04-22 05:30:13
Difficulty Spike and Hashrate Drop Lengthen Block Times
2025-04-22 05:25:13
Despite the Harshest Profit Squeeze in Half a Decade, Bitcoin Mining on U.S. Soil is Consolidating and Gathering Momentum
2025-04-22 05:25:13
Bitcoin (BTC) markets ticked higher
2025-04-22 05:20:13
Shiba Inu (SHIB) and Lightchain AI (LCAI) Are Rapidly Gaining Ground, Positioning Themselves as Serious Competitors to Dogecoin.
2025-04-22 05:20:13

Related knowledge

How to buy PEPE coins on Exodus wallet

Apr 03,2025 at 12:56pm

Buying PEPE coins on the Exodus wallet involves several steps, from setting up your wallet to completing the purchase. This guide will walk you through the process, ensuring you understand each step clearly. Whether you're new to cryptocurrencies or an experienced user, this article will provide the necessary information to buy PEPE coins securely and e...

How to buy PEPE coins on Ledger Live wallet

Apr 03,2025 at 04:28am

Introduction to PEPE Coins and Ledger Live WalletPEPE coins are a type of cryptocurrency that has gained popularity within the crypto community. They are often associated with memes and have a vibrant community backing them. Ledger Live, on the other hand, is a software application provided by Ledger, a well-known hardware wallet manufacturer. It allows...

How to buy PEPE coins on Trust Wallet

Apr 06,2025 at 07:57am

Buying PEPE coins on Trust Wallet can be an exciting venture for those interested in meme cryptocurrencies. PEPE coins, inspired by the popular Pepe the Frog meme, have gained traction within the crypto community. Trust Wallet, a widely used mobile wallet, supports a variety of cryptocurrencies, including PEPE coins. To get started, you'll need to set u...

How to buy PEPE coins on MetaMask wallet

Apr 05,2025 at 01:56pm

Buying PEPE coins using a MetaMask wallet involves several steps, from setting up your wallet to executing the purchase. This guide will walk you through the process, ensuring you understand each step clearly. Whether you're new to cryptocurrencies or an experienced trader, this article will provide the necessary information to successfully acquire PEPE...

trump meme coin how to buy

Mar 20,2025 at 02:00pm

On January 18, 2025, US President-elect Trump announced the launch of his personal Meme currency TRUMP on his social account, which attracted widespread attention from the market. After Huobi launched the TRUMP token, the increase once reached 1250%, which shows how popular it is. If you are also interested in buying Trump Meme coins, please refer to th...

how to buy trump coin in india

Mar 20,2025 at 01:35pm

Trump Coin is a meme coin, the official website is GetTrumpMemes.com. Its total supply is 1 billion pieces, with an initial circulation of only 200 million pieces, and the remaining 800 million pieces will be gradually unlocked in the next three years, and belongs to CIC Digital LLC and Fight Figure LLC, a subsidiary of the Trump Group. This supply mech...