Shiba Inu crashes 28% as Dogecoin soars. What’s next for the dog coins?

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What the heck is Shiba Inu?
For an answer to that question, the Motley Fool turned to Darren Abrams, co-founder and managing director of Aus Merchant Investments.

Abrams told us:

The Shiba Inu coin was launched in August 2020 with a “woof paper”, a tongue-in-cheek variation of the traditional white paper. Shiba Inu’s pseudonymous founder Ryoshi created the coin to foster an entirely community-run and decentralised ecosystem. It is as an Ethereum-based ERC-20 token.