SHIB was created last year, but the renewed trading interest appears to only be driven by speculation that the coin will mimic Dogecoin’s stupendous success (this success has come to pass, as SHIB is up 36,750% in 30 days, fueled by exchange listings at Binance, OKEx and Huobi). Dogecoin has become a favorite of TikTok influencers and the world’s second richest man, Elon Musk.