The meme coin has been named after the popular Japanese dog breed Shiba Inu with the mascot of the platform based on the Shiba pup resembling Dogecoin’s mascot. The Doge imitator was launched in the innovation zone of Binance which is the harbinger of new, innovative coins. 

KING SHIBA INU has amassed widespread fame when in May it saw a major uptake in its market value. Its value kept going vertical by 2000% during the second week of May.

DOGE-inspired SHIBA INU (SHIB) saw an uptake in the market to send its value vertical by nearly 2,000 percent in the past week.

$SHIB is the newest meme coin that has got the attention of the investment world. As claimed, it is the only ERC-20 token that can remain well under a penny and still overtake Dogecoin in a short span of time. It also holds the acclaim of being the first cryptocurrency to be listed as well as incentivized on KING SHIBASWAP, its own decentralized exchange.

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