Shiba Inu Coin is a cryptocurrency that was created in August 2020 by an anonymous individual or group under the pseudonym “Ryoshi.” The coin is based on the Ethereum blockchain and uses the same technology as other popular cryptocurrencies such as Bitcoin and Ethereum.

Shiba Inu Coin has gained attention due to its similarity to Dogecoin, another cryptocurrency that was created as a joke but has since gained a significant following. Shiba Inu Coin has been described as a “meme coin” due to its association with the Shiba Inu dog breed and its marketing tactics, which include using social media influencers and celebrities to promote the coin.

Like many cryptocurrencies, Shiba Inu Coin’s value can be highly volatile and subject to rapid fluctuations. It’s important to note that investing in any cryptocurrency carries significant risks and should be approached with caution. It’s always a good idea to do your own research and consult with a financial advisor before making any investment decisions.

As of my knowledge cutoff in September 2021, the total supply of Shiba Inu (SHIB) was 589,735,030,408,323 SHIB, it’s important to note that the supply of SHIB and other cryptocurrencies can change over time due to factors such as mining rewards and token burns. It’s always a good idea to check the latest information from a reliable source before making any investment decisions.