Skip to main content
AVOID.NET

Shiba Inu (SHIB)

avoid.net/shiba-inu→31/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:claude-code-investigator]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5BC1QG…FTqG

Summary

Shiba Inu (SHIB) is an Ethereum-based ERC-20 meme token launched in August 2020 by an anonymous founder operating under the pseudonym 'Ryoshi.' It has grown into a broader ecosystem encompassing ShibaSwap (a decentralized exchange), Shibarium (an Ethereum Layer 2 network), and a multi-token system (SHIB, LEASH, BONE, TREAT). The project is ranked approximately #31 by market cap (~$3.8B as of May 2026) but carries material risks including both founders' anonymity, a history of infrastructure failures and a confirmed bridge hack, significant whale concentration, internal community fraud allegations against its current lead developer, and its fundamentally speculative meme-driven value proposition.

Connected Entities

10 entities · 60 linked investigations
Organizations
□Shiba Inu (SHIB)□Shibarium Bridge32□Ethereum64□Vitalik Buterin□Shibarium□Solana□Sam Bankman-Fried
Protocols
⌂Uniswap
Tokens
♦Dogecoin♦Bitcoin
Relationships
  • Ethereum→mentioned with→Bitcoin(60%)
  • Shibarium→mentioned with→Ethereum(70%)
  • Shibarium→mentioned with→Solana(60%)
  • Shibarium→mentioned with→Bitcoin(60%)
  • Shibarium Bridge→mentioned with→Ethereum(80%)
  • Shibarium Bridge→mentioned with→Shibarium(80%)
  • Uniswap→mentioned with→Bitcoin(60%)
  • Uniswap→mentioned with→Ethereum(80%)
  • Sam Bankman-Fried→mentioned with→Solana(70%)
  • Dogecoin→mentioned with→Shiba Inu (SHIB)(80%)
  • + 17 more
Have evidence about Shiba Inu (SHIB)?

Timeline(12 events)

August 2020

Shiba Inu (SHIB) token launched on Ethereum by anonymous founder 'Ryoshi.' One quadrillion tokens minted; 50% sent to Vitalik Buterin, 50% locked in Uniswap.

Wikipedia / IQ.wiki

12 May 2021

Vitalik Buterin burns 410 trillion SHIB (approximately 41% of total supply) and donates ~$1.14B equivalent to India COVID-Crypto Relief Fund and other charities.

BeInCrypto

27 October 2021

SHIB reaches all-time high price. The token had appreciated approximately 150,000,000% since launch.

CoinGecko

21 December 2021

Canadian healthcare company Ask The Doctor publicly accuses SHIB of fraud and threatens to file a lawsuit in the United Kingdom against the anonymous developers.

CoinTelegraph

31 May 2022

Ryoshi deletes all Twitter posts and Medium blog entries, including the founding post 'All Hail the Shiba,' and exits the project without public explanation.

CoinTelegraph

16 August 2023

Shibarium mainnet launches. Within hours, the network experiences a critical failure: approximately $1.7M in ETH and $750K in BONE become trapped in the bridge contract. Network taken offline.

Decrypt

25 August 2023

Shibarium relaunches successfully after infrastructure upgrades and network optimization.

BeInCrypto

February 2025

Community SHIB burn tracker @shibburn publicly accuses lead developer Shytoshi Kusama of fraud, unauthorized 'official' project designations, and promoting pump-and-dump tokens.

Bitcoinist

15 February 2025

SEC Division of Corporation Finance states in guidance that meme coins including SHIB are 'not securities but more like digital collectibles.'

The Market Periodical

12 September 2025

Shibarium bridge suffers a $2.4M flash loan exploit. Attacker gains control of 10 of 12 validator signing keys and drains approximately 224 ETH and 92.6 billion SHIB. Bridge frozen; security firms engaged.

The Block / Crypto.news

19 March 2026

SEC and CFTC jointly classify SHIB as a 'digital commodity' in a report covering 16 major cryptocurrencies, alongside Bitcoin, Ethereum, and XRP.

The Market Periodical

12 May 2026

SHIB ranked approximately #31 by global market cap at approximately $3.8B. Circulating supply approximately 590 trillion tokens.

CoinGecko
Provenance & Audit Trail

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (4 events). 18 of 20 cited source URLs have an Internet Archive snapshot.

Fact-checked 2026-09-0637 claims checked5 corrections pending0 applied⛓ anchoredSee findings →

model: claude-sonnet-4-6

generated: 5/13/2026, 3:12:41 AM

last updated: 8/27/2026, 3:08:41 PM

10 views

avoid.net — verified advice for a post-truth world