3 Little-known Facts about Shiba Inu (SHIB)

Updated

June 10, 2025

Gambar 3 Little-known Facts about Shiba Inu (SHIB)

Jakarta, Pintu News – Shiba Inu is a meme-inspired cryptocurrency running on the Ethereum blockchain since 2020. As an ERC-20 token, Shiba Inu has attracted more than 1.5 million investors worldwide in less than five years since its launch.

This currency was competing with Dogecoin in its early days, even attracting attention from the likes of Elon Musk. This article will reveal three little-known facts about Shiba Inu.

Fact 1: The Origin of the Name and the Symbol

Shiba Inu (SHIB) not only takes its name from a Japanese dog breed, but also uses an image of a Shiba dog as its mascot. The creator of SHIB, known by the pseudonym “Ryoshi,” chose this name and symbol to appeal to a crypto community already familiar with Dogecoin (DOGE), which also uses a dog as its symbol.

This strategy worked, as many investors were attracted by the humor aspect and the community built around SHIB. Shiba Inu is also designed to be more than just a digital currency; it has an ecosystem involving various projects, such as the decentralized exchange ShibaSwap. This ecosystem aims to provide more value to token holders through various services and products.

Also Read: From Dogecoin Millionaire to Pepe Millionaire: The Latest Meme Coin Investment Strategy!

Fact 2: Token Burning and its Effects

One of the strategies used by the Shiba Inu team to increase token value is through token burning. This process reduces the number of tokens in circulation, with the hope of increasing the value of the remaining tokens.

For example, in May 2021, Vitalik Buterin, co-founder of Ethereum , burned 90% of the SHIBs given to him, which amounted to trillions of tokens. This burn not only surprised the market but also demonstrated the potential of SHIBs as a long-term investment tool. It also marks SHIB as a project that is willing to take big steps to ensure the stability and growth of the token value.

Fact 3: Community and Charitable Activities

The Shiba Inu community not only focuses on financial gain but also engages in various charitable activities. In 2021, the SHIB community has donated significant funds to help India fight the COVID-19 pandemic. This donation not only enhances the image of SHIB but also shows the power and influence of the crypto community in helping global issues.

In addition, the SHIB community is often involved in various projects aimed at promoting crypto adoption and raising awareness about decentralized finance. These activities help strengthen SHIB’s position in the crypto market and build a strong network of supporters.

Conclusion

Shiba Inu (SHIB) is more than just a meme phenomenon in the crypto world. With a strong community, token burning initiatives, and involvement in charity work, SHIB has proven itself to be a token with significant growth potential. As an investor or crypto enthusiast, understanding the dynamics behind tokens like SHIB can provide valuable insights into how value in the crypto ecosystem can evolve and be affected by various factors.

Also Read: Shocking Prediction: Bitcoin (BTC) Has the Potential to Reach $250,000 in 2026!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.