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Will the price of Shiba Inu (SHIB) pump?
Trade SHIB Now: What is Shiba Inu? Shiba Inu (SHIB) is a cryptocurrency based on the Ethereum blockchain, created in August 2020 by an anonymous developer named Ryoshi. The motivation for creating Shiba Inu (SHIB) stems from a question - "What would happen if a cryptocurrency project were 100% community-driven?" Ryoshi defined SHIB as "an experiment in decentralized, community-driven creation."
As a meme coin, Shiba Inu takes the image of a Japanese Shiba Inu. Due to the active performance of the project team on social media and diverse marketing strategies, after the launch of Shiba Inu Coin, it quickly caused a sensation in the cryptocurrency market, and even gained the title of "Dogecoin Killer".
The initial supply of SHIB is 1 quadrillion, and when it was first issued, Ryoshi locked 50% of the total supply in Uniswap, and the other 50% was sent to the wallet of Ethereum founder Vitalik Buterin. In May 2021, Vitalik Buterin donated SHIB worth about $1 billion to the COVID-19 relief fund in India and burned the remaining 90% of SHIB. This move not only enhanced the reputation of Shiba Inu but also increased the scarcity of the token by reducing the circulating supply.
The uniqueness of Shiba Inu lies in its community-driven nature. The project's whitepaper emphasizes the importance of decentralization, claiming that through collective decentralization, a stronger system can be established than a centralized team. This concept has attracted a large number of followers, forming the so-called "ShibArmy", driving the rapid development and market recognition of the project. ##The Ecosystem of Shiba Inu - SHIB, LEASH, BONE The Shiba Inu ecosystem consists not only of the SHIB token, but also two other tokens: LEASH and BONE. LEASH was initially designed to be pegged to the price of Dogecoin, but later decoupled and became the token with the lowest supply in the ecosystem. BONE, on the other hand, serves as a governance token that allows holders to participate in the decision-making process of the Shiba Inu DAO.
SHIB, the basic currency of the Shiba Inu ecosystem, has an initial circulating supply of 1 quadrillion coins.
LEASH, the second token in the Shiba Inu ecosystem, has a total supply of 107,646 coins. The price of LEASH is controlled by an algorithm that continuously adjusts its supply, ensuring that its price is always 1000 times higher than that of Dogecoin (DOGE).
BONE, the latest token in the Shiba Inu ecosystem. Total supply of 250,000,000 coins. BONE allows holders to participate in the decision-making process of the Shiba Inu DAO.
The Shiba Inu ecosystem also has a token burning mechanism, aimed at reducing the circulating supply over time and theoretically increasing the value of the remaining tokens. In August 2023, Shiba Inu launched a layer-2 scaling solution called Shibarium based on Ethereum, which causes a certain amount of SHIB tokens to be burned for every contract transaction on the Shiba Inu network, further promoting the deflationary mechanism. ##Will the price of Shiba Inu coin rise? In May 2021, Vitalik Buterin donated $1 billion worth of SHIB to the India Covid Relief Fund, making Shiba Inu a hot topic. In October of the same year, the price of SHIB reached a historical high of $0.000086, with a market value exceeding $28 billion and surpassing Dogecoin to become the largest meme coin, ranking among the top 10 cryptocurrencies globally. However, SHIB then experienced a decline for more than a year. Throughout 2023, the price of SHIB fluctuated between $0.000006 and $0.000015. After entering 2024, with the overall recovery of the cryptocurrency market, the price of SHIB rebounded.
As of February 11, 2025, the price of SHIB is $0.00001632, with a market capitalization of $9,583,557,939 and a trading volume of $203,864,791 in the past 24 hours, a decrease of 19.10% from a day ago, indicating a recent decline in market activity. However, based on the continuous development of the Shiba Inu ecosystem and the operation of Shibarium (a Layer-2 scaling solution), according to multiple prediction models and expert analyses, it is expected that the price of SHIB will fluctuate between $0.0000105 and $0.0000125 in 2025. In the long term, some optimistic forecasts suggest that by 2030, the price of SHIB may reach around $0.001.
It is important to note that the high volatility of the cryptocurrency market means that these predictions should be treated with caution. There are many factors that will affect the future trend of Shiba Inu, including overall market sentiment, changes in regulatory environment, and technological innovation. What are the recent developments of Shiba Inu? In November 2024, Shytoshi Kusama, the Chief Developer of SHIB, proposed establishing the S.H.I.B. (Blockchain Innovation and Strategy Center) in a certain city in the United States, with the aim of transforming it (and the entire United States) into a global center for blockchain technology and sustainable development.
In January 2025, Shiba Inu Inc. officially announced the launch of its ecosystem token TREAT. According to information on the Shiba Inu official website, the token plays a key role in the Shiba Inu ecosystem and is a new privacy-focused Layer3 blockchain 'utility and governance token' designed to unlock advanced features of the network status operating system.
In February 2025, Shiba Inu announced a partnership with the Ministry of Energy and Infrastructure (MoEI) of the United Arab Emirates. MoEI will adopt the ShibOS system based on the Shibarium Layer 2 network to optimize government operations, enhance transparency, and security.
Conclusion
Shiba Inu has rapidly evolved from a meme coin to a significant participant in the DeFi ecosystem, demonstrating the infinite possibilities of the cryptocurrency market. Its unique tokenomics, community-driven nature, and expanding functionality provide potential opportunities for investors. However, high volatility and market uncertainty remind investors to proceed with caution and conduct thorough research.
Risk Warning: Changes in cryptocurrency market regulatory policies may affect the development prospects of Shiba Inu, investors should be alert to potential regulatory risks.
Author: JJM, Gate.io Researcher *This article represents the author's point of view and does not constitute any trading advice. Investment involves risks, and decisions should be made with caution. *The content of this article is original, and the copyright belongs to Gate.io. If you need to reprint, please indicate the author and source, otherwise legal responsibility will be pursued.