The Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi". The meme coin quickly gained speed and value as the investment community was drawn in by the cute charm of the coin along with headlines and Tweets from personalities like Elon Musk and Vitalik Buterin.

Shiba inu is a breed of dog from Japan. Although the breed is rare, it is very popular in its country of origin.