Crypto
Shiba Inu Experiment Continues Amid Price Surge
The Shiba Inu (SHIB) team has confirmed that its experiment with the meme coin will continue, despite the recent price surge of around 20% in just a week. This puts SHIB among the top-performing tokens within the top 30.
However, it's worth noting that SHIB's current price is still down roughly 95% from its record peak reached over four years ago in October 2021.
The experiment started on August 1, 2020, when the anonymous developer Ryoshi launched SHIB as an ERC-20 token on Ethereum. Half of the token's supply was sent to Vitalik Buterin, the creator of Ethereum, to demonstrate decentralization.