Shibu Inu is a cryptocurrency that was created as a parody of Dogecoin and inspired by the Shiba Inu dog breed, which was popularized by the “Doge” meme. It was launched in 2021 as an Ethereum token (ERC-20) and operates on the Ethereum blockchain. It has been used as a form of investment and as a means of payment for various goods and services, though its popularity and usage are subject to fluctuations and market conditions. Like other cryptocurrencies, the value of Shibu Inu is highly volatile and dependent on factors such as adoption, investor sentiment, and technological advancements in the cryptocurrency space.