Shiba Inu Celebrates 5th Birthday

Shiba Inu is celebrating its 5th birthday today, having launched on August 1, 2020. Shiba Inu team member Lucie took to the social media platform X to mark the milestone.

> 🎉 Happy Birthday, Shiba Inu! 🎂
> Celebrating 5 years of SHIB (Aug 1, 2020 → Aug 1, 2025)

Shiba Inu Historical Snapshot

• Launch: August 1, 2020
• All-Time Low: $0.00000004 (Mar 2021)
• All-Time High: $0.0000885 (Oct 28, 2021)
• Peak Market Cap: ~$41B (Oct 28, 2021)

Shiba Inu marked its all-time low of $0.00000004 in March 2021. Barely seven months later, the dog coin scored record highs, hitting an ATH of $0.0000885 on October 28, 2021.

On that date, Shiba Inu reached a peak market capitalization of $41 billion and a peak 24-hour trading volume of $30 billion.

Exchanges listing SHIB have surpassed 115, while holders have crossed 1.51 million wallets. Lucie outlined key milestones achieved by the Shiba Inu ecosystem over the last five years.

• July 2021 saw the launch of ShibaSwap, SHIB’s decentralized exchange.
• Shibarium, the project’s layer-2 blockchain, was released on mainnet in August 2023.

Lucie highlighted that Shiba Inu’s performance since launch represents a jaw-dropping 21,600,000% increase.

Shiba Inu Price

Shiba Inu was recently trading at $0.000012, following a market sell-off that triggered $751 million in crypto liquidations, according to CoinGlass data. It has entered its fifth day of declines from a high of $0.00001437, resulting in a loss of the daily SMA 50 at $0.00001264.

The meme coin sector, including SHIB, is facing volatility due to the broader crypto market sell-off and macroeconomic uncertainty.

SHIB closed July with an inverted hammer candle while seeking to recover from year-to-date lows. The token increased by 9% in July, reversing a two-month decline since May. An inverted hammer after a downtrend suggests buyers attempted to push prices higher, but sellers eventually prevailed, pulling prices back near the opening price.