Shiba Inu (SHIB) – a token named after the Shiba Inu dog breed. Its creator, known under the nickname Ryoshi, initially aimed for meme appeal and the success of Dogecoin. The declared goal was to surpass Dogecoin in market capitalization.

Despite relying on its meme nature, the plans are quite ambitious: a full-fledged ecosystem is intended to be built around the coin, with the first step being the creation of its own decentralized exchange. Notably, the creators of the coin refused ownership of tokens: half was sent to the Uniswap exchange, and the other half – to Vitalik Buterin's wallet. As a result, Buterin acted as a sort of guarantor of the project.

As a result, SHIB managed to attract considerable attention: its price began to rise rapidly, leading to listings on several major exchanges. By the end of October 2021, the project's capitalization reached $41 billion. Since then, it has significantly dropped – below $12 billion, shaking many people's faith in Shiba Inu – but not everyone. Some still believe that the project has a bright future, will grow many times over, and become one of the most important for the entire cryptocurrency community.

Perhaps Shiba Inu will indeed grow further, but for now, it remains a meme token that has lost much of its meme appeal – Google search queries have sharply declined, and over time it might simply be forgotten, especially if another successful meme token emerges. On the positive side, it is worth noting that the team is actively developing the ecosystem, so over time the token gains increasing real value. However, technologically speaking, the project does not offer anything particularly unique.