Shiba Inu is a cryptocurrency that has gained popularity due to its association with the popular "Doge" meme. While Shiba Inu is not technically a memecoin, it has nonetheless become closely associated with the meme community and culture. Shiba Inu was created in August 2020 by an anonymous developer known as "RyuK" with the intention of being a "joke coin" that would parody other cryptocurrencies. However, the coin soon began to gain popularity within the cryptocurrency community, and its price began to rise.