The Shiba Inu coin, also known as the Shiba token, was launched in 2020 by an anonymous creator known as Ryoshi.
Shiba Inu is represented on eToro as “Shiba (in millions)”, which is a “lot” of one million Shiba Inu units. By doing this, eToro offers users a clearer understanding of the pricing in a regular, two-decimal-point format. Like any other cryptoasset on eToro, users can invest in the amount of their choosing, at or above the minimum required for an investment.
The coin is traded on eToro under the symbol SHIBxM and takes its name from a Japanese breed of hunting dog. Describing itself as a ‘decentralised meme token that evolved into a vibrant ecosystem’, the coin was launched as an alternative to Dogecoin, which later gained significantly in value.