Shiba Inu is celebrating its third birthday today, boasting an impressive return on investment (ROI) amid ecosystem developments. Shiba Inu (SHIB) is celebrating its third anniversary today, marking a remarkable journey from a lighthearted token to a thriving decentralized ecosystem. Since its inception in August 2020, SHIB has achieved impressive milestones, boasting a noteworthy ROI […] The post Shiba Inu Celebrates Birthday With 1.6M% ROI in 3 Years, Turning Investors $100 into $1.6M first appeared on The Crypto Basic.

Shiba Inu Celebrates Birthday With 1.6M% ROI in 3 Years, Turning Investors $100 into $1.6M

Shiba Inu is celebrating its third birthday today, boasting an impressive return on investment (ROI) amid ecosystem developments.

Shiba Inu (SHIB) is celebrating its third anniversary today, marking a remarkable journey from a lighthearted token to a thriving decentralized ecosystem. Since its inception in August 2020, SHIB has achieved impressive milestones, boasting a noteworthy ROI despite navigating market volatility.

From Zero to Hero

The brainchild of an anonymous developer known as “Ryoshi,” SHIB was created with the intention of rivaling Dogecoin (DOGE), the original meme coin. 

Ryoshi initially minted a staggering one quadrillion SHIB tokens, of which 50% were sent to Ethereum co-founder Vitalik Buterin’s wallet. Buterin  burned  410 trillion tokens, essentially removing them from circulation. The remaining 50% was locked in a liquidity pool on Uniswap.

SHIB’s value remained modest for much of 2020 and early 2021 until it caught the attention of crypto enthusiasts and celebrities who promoted it on social media. The token’s popularity was further bolstered by the rise of Dogecoin, which received  significant endorsement  from Tesla CEO Elon Musk.

Building an Ecosystem

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