What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) fact sheet with live price · reviewed November 4, 2026
Shiba Inu is a meme token launched in 2020 by an anonymous creator called "Ryoshi," inspired by Dogecoin. SHIB is a token on Ethereum with an enormous supply, which is why its price has so many zeros. Its community has since added its own network, Shibarium.
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Key facts
| Launched | August 2020 |
|---|---|
| Created by | "Ryoshi" (pseudonym) |
| Type | ERC-20 token on Ethereum |
| Original supply | 1 quadrillion SHIB; half was sent to Vitalik Buterin, who burned most of his and donated the rest |
| Extra network | Shibarium, a layer 2 launched in 2023 |
Who runs it
Ryoshi stepped away in 2022. Development is led by a team around the pseudonymous Shytoshi Kusama, with community votes on some decisions.
What it's used for
Mostly trading and community projects. Its very low price per token reflects its huge supply, not that it's "cheap."
How it works
SHIB is a standard token on Ethereum, so Ethereum's validators secure it. Shibarium is a separate network for cheaper transactions; some fees on it are used to burn SHIB.
Where things stand (November 2026)
In September 2025 an attacker exploited the bridge between Ethereum and Shibarium, taking about $2.4 million. Hundreds of trillions of SHIB remain in circulation.
Risks to know
- Meme-coin prices are driven by hype and can fall very far.
- Fake SHIB tokens and giveaways are common; check the contract address.
- Bridges between networks are a common target for hackers.
- A low price per coin doesn't mean it can easily rise to $1: market value is price × supply.
Buying and storing it
If you decide to buy, use a regulated exchange you reach directly, check fees with the true cost calculator, and store long-term holdings in a wallet you control, with the seed phrase written down offline. Read how to buy crypto safely. This page isn't a recommendation to buy.
Questions
Will Shiba Inu reach $1?
With hundreds of trillions of tokens in circulation, $1 per SHIB would imply a total value far larger than the entire world economy.
Is SHIB a coin or a token?
A token on Ethereum (see coin vs. token).
Compare Shiba Inu
See it side by side, with live data: Dogecoin vs. Shiba Inu. Track it in the private portfolio tracker.
Where to next
Sources
- Shiba Inu (Wikipedia)
- Shibarium bridge hit with $2.4 million flash loan attack (Web3 Is Going Just Great, September 2025)
Facts checked against the sources listed, as of November 4, 2026. Live price data by CoinGecko. Educational only; not financial advice. How we write and check pages.