SHIBA INU is the primary token in the Shiba Inu ecosystem, offering a decentralized, community-led currency to a global audience. Since its launch in late 2020, the Ethereum-based SHIB token has gained worldwide popularity and is now accepted at numerous locations for payments, either directly or indirectly. Created anonymously by "Ryoshi" in August 2020, the meme coin quickly grew in value, attracting investors with its cute appeal and endorsements from figures like Elon Musk and Vitalik Buterin. However, Vitalik Buterin denied being the originator of Shiba Inu during a podcast on June 5, 2021.