Shiba token also gives its users the benefit of safekeeping their free wallets, and even they can refill their balance.
The digital asset was inspired by the Japanese breed of dog of the same name, which sparked a viral meme trend in 2013 and subsequently led to the creation of the infamous cryptocurrency.
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At the beginning of 2021, renewed interest in spurred by the Wallstreetbets subreddit breathed new life into meme coins, particularly those emblazoned with Shiba Inu dogs.
CoinDesk is an independent operating subsidiary of , which invests in and blockchain.
The peer-to-peer trading platform lets users trade SHIB to and from other cryptocurrencies.