SHIB

Shiba Inu (SHIB) was created in August 2020 by the anonymous developer "Ryoshi" as an Ethereum-based meme token inspired by Dogecoin, featuring the same Shiba Inu dog breed as its mascot. Initially launched with a quadrillion token supply, SHIB gained massive popularity during the 2021 meme coin surge, with its community-driven "SHIBArmy" helping propel it into the top cryptocurrencies by market capitalization.

The Shiba Inu ecosystem has evolved beyond its meme origins to include ShibaSwap decentralized exchange, additional tokens like LEASH and BONE, and ambitious projects including the upcoming Shibarium layer-2 blockchain and plans for a metaverse gaming platform. Major cryptocurrency exchanges and payment processors have added SHIB support, while high-profile endorsements and social media campaigns continue driving retail adoption and trading volume.

At CoinDesk, we track Shiba Inu news covering price movements, ecosystem developments, and the broader meme coin market dynamics that influence SHIB's performance. Our coverage explores how community-driven marketing intersects with serious blockchain development, the impact of celebrity endorsements and social media trends, and the token's evolution from pure speculation to utility-focused projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

Shiba Inu Futures Open Interest Hits Highest Since December

Shiba inu's (SHIB) derivative market is heating up as traders shift their focus from bitcoin to the broader cryptocurrency market.

By Omkar Godbole, CD AnalyticsJul 21, 2025

Markets

Monster Volume of 4.8T SHIB Sparks Bullish Move in Shiba Inu Above 200-day Average

Trading volume reached 4.88 trillion during early morning hours on July 18, significantly exceeding the 24-hour average.

By Omkar Godbole, CD AnalyticsJul 18, 2025

Markets

Shiba Inu Gains 3% as Explosive Burn Rate Spurs Bullish Predictions

SHIB has outperformed bitcoin this month with a 20% increase compared to bitcoin's 13% gain.

By Omkar Godbole, CD AnalyticsJul 14, 2025

Markets

Shiba Inu's 18% Monthly Price Gain Signals Potential Double Bottom Rally

Shiba Inu's price has rallied 18% this month, marking its best performance since November, driven by increased risk-taking in the crypto market.

By Omkar Godbole, CD AnalyticsJul 11, 2025

Markets

Shiba Inu Smashes Triangle Pattern Against Bitcoin, But Looks Weak Against Dogecoin

Institutional trading drove significant SHIB price gains, with strong resistance at around $0.00001250, CoinDesk's AI research noted.

By Omkar Godbole, CD AnalyticsJul 10, 2025

Markets

Shiba Inu's Futures Open Interest Tops 7M SHIB as Price Recovery Meets Whale Selling

Open interest in SHIB futures has risen, indicating growing investor interest despite potential challenges from large token holders.

By Omkar Godbole, CD AnalyticsJul 9, 2025

Markets

Shiba Inu Chalks Out Bullish Inverse H&S as BONK Cheers ETF Speculation, 1M Holder Milestone

Both SHIB and BONK displayed inverse head-and-shoulders patterns, indicating continued bullish momentum.

By Omkar Godbole, CD AnalyticsJul 3, 2025

Markets

Shiba Inu Whale Accumulation, 'Inside Week' Candle Offer Hope to SHIB Bulls

Significant trading activity occurred on June 29, with SHIB breaking out of its consolidation pattern on high volume.

By Omkar Godbole, CD AnalyticsJun 30, 2025

Markets

Shiba Inu Whales Snap Up 10T SHIB, Prices Chalk Out Descending Triangle Pattern

SHIB's price bounced 17% from a 16-month low, with the broader crypto market stabilizing after initial reactions to Middle East tensions.

By CD Analytics, Omkar GodboleJun 25, 2025

Markets

Shiba Inu's V-Shaped Recovery Driven By Over 2T SHIB in Volume

Shiba Inu has experienced a V-shaped recovery from 16-month lows.

By CD Analytics, Omkar GodboleJun 23, 2025

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