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Shiba Inu Team Vows to Continue Experiment Amid Price Surge

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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.

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