Shiba Inu Team Vows to Continue Experiment Amid Price Surge
The Shiba Inu (SHIB) team is reaffirming its commitment to continuing the experiment that has seen the meme coin's price surge by around 20% in just a week.
This comes as SHIB approaches its sixth anniversary since its launch on August 1, 2020. Despite the recent price increase, the token remains down approximately 95% from its record peak reached in October 2021.
The experiment began when Ryoshi, an anonymous developer, launched SHIB by minting 1 quadrillion tokens and setting up a liquidity pool on Uniswap. Half of the supply was sent to Vitalik Buterin, demonstrating a level of decentralization.