Shiba Inu wallet

What is Shiba Inu (SHIB)?

Shiba Inu started as a dog-themed meme coin and grew into a small ecosystem of its own, but for a holder the core fact has not changed: SHIB is an ERC-20 token on Ethereum. It sits in your Ethereum address, and every transfer is paid for in ETH, not in SHIB. If you send your whole ETH balance elsewhere, the SHIB stays put until you top up gas again.

The ecosystem runs on three tokens, and it helps to keep them apart. SHIB is the one people actually hold and pay with. LEASH is a small-supply companion token. BONE is the governance token of the Doggy DAO and, more importantly, the gas coin of Shibarium, the project's own layer 2 network. So SHIB can also live on Shibarium as a bridged version, but moving it there and back goes through the Shibarium bridge, and on that network fees are paid in BONE. A SHIB balance on Ethereum and a SHIB balance on Shibarium are two different balances at the same address.

Two more things trip people up. The supply is counted in the hundreds of trillions and the token has 18 decimals, so balances look like very long numbers; that is normal, nothing is wrong with your wallet. And the SHIB ticker has been copied onto many unrelated tokens on other chains, so a coin called SHIB that shows up in a wallet on a network where you never bought any is almost always a fake.

Because SHIB exists on more than one network under one address, Tangem shows each network as its own balance and states the outgoing network on the confirmation screen before the card signs. That puts the check where it belongs: in your hands, one glance before the tap. For a token this widely cloned and bridged, that separation is the reason to keep it here.

Supported networks in Tangem (2): Ethereum, Shibarium.