Shiba Inu (SHIB) is a decentralized cryptocurrency token created on the Ethereum blockchain. It was inspired by the popular meme of the Shiba Inu dog breed. SHIB gained popularity for its community-driven approach and low price point, making it attractive to retail investors. The token’s utility includes being used for transactions and as a means of exchange within the decentralized ecosystem. However, it is important to note that like all cryptocurrencies, SHIB carries inherent risks and volatility in its value.