hiba Inu was created in August 2020, dubbing itself the 'Dogecoin killer'.[1] On 13 May, Vitalik Buterin donated more than 50 trillion SHIB (worth over $1 billion at the time) to the India COVID-Crypto Relief Fund.[7]

 

The exchange price of the cryptocurrency notably surged in early October 2021. Its value increased 240% over the week.[8] However, over the first week of November the price fell by approximately 30%.[