Since launching in August 2020, the cryptocurrency Shiba Inu (SHIB) has climbed the ranks to enter the top 20 biggest cryptocurrencies based on market cap. The meme-inspired coin is a self-proclaimed "Dogecoin killer" and is the native token to the platform's decentralized exchange, ShibaSwap.
Shiba Inu quickly gathered a strong following as the Dogecoin community grew in popularity and drew attention to the coin (Dogecoin's logo is based off of a Shiba Inu meme, hence the comparisons). Shibu Inu follows in the wake of a bizarre dog-themed crypto wave, including the likes of Baby Dogecoin (BabyDoge), JINDO INU (JIND), Alaska Inu (LAS), and Alaskan Malamute Token (LASM).
Shibu Inu is also actively involved in supporting the Shiba Inu Rescue Association.