According to CoinMeta, Shiba Inu ( SHIB ) has experienced tremendous price fluctuations in the history of cryptocurrencies. Since its launch in August 2020, its price has risen by millions of percentage points in just a few months, reaching a historical high of $0.00008616 in October 2021. Although the price of SHIB has fallen significantly since its peak in 2021, the project has gradually surpassed its origins and launched its own Layer-2 network Shibarium, which allows developers to build applications on it. Shiba Inu has also launched a series of products aimed at bringing more practical use cases to its ecosystem. The team is developing a new destruction mechanism, with the expectation of potentially destroying trillions of tokens each year to address its massive supply.