The shiba inu coin (otherwise known as SHIB coins or SHIB), was an open-source cryptocurrency meme coin that made a splash in the crypto scene. It was made from a viral meme, and was created in 2020 by an anonymous entity by the name of Ryoshi. It was built on top of the Ethereum blockchain, and was circulating supply rapidly via tokens (known as SHIB tokens) in a decentralized exchange system. It's a smaller size altcoin now, and continues to be traded by fans of the internet meme, despite lacking high monetary value.