Shiba Inu (CRYPTO: SHIB) has long been one of my favorite crypto meme coins. In 2021, the token’s price surged by more than 40,000,000%! A $3,000 investment at the start of 2021 would have been worth more than $1 billion during Shiba Inu’s October 2021 peak. A paltry $3 investment would have turned into a cool $1 million.

With these returns in mind, it’s not hard to understand why so many investors are attracted to meme coins like Shiba Inu. But it’s important to remember that meme coins, almost by definition, have very little real-world utility.

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