If you’re active in the Solana meme token scene, chances are you’ve come across SHIMA, known officially as Shima Enaga. Let’s break down what makes this playful meme coin special, how it works on the Solana blockchain, and why it’s gained such rapid attention among crypto traders.

What Is SHIMA (Shima Enaga)?

SHIMA is a meme coin living on the Solana blockchain, designed to reignite community spirit in crypto. Unlike coins that are launched around complicated technology or utility, SHIMA embraces the fun, viral side of crypto culture. Launched on July 18, 2025, it’s all about community engagement and internet trends, rather than any deep technical function or promise of future utility.

Tokenomics: How Many SHIMA Are There?

Total Supply: Roughly 8.89 trillion tokens (commonly seen as 8,888,888,888,888.613)
Decimals: 4 (you can own fractions of a token, up to 0.0001 SHIMA)
Circulating Supply: Almost all tokens are in circulation from day one

Meme tokens often mint their full supply upfront and rely on organic, community-driven demand.

How to Buy and Trade SHIMA

You can trade SHIMA on Solana-based decentralized exchanges (DEXs), including:

Note: SHIMA is currently marked as "unverified" on many platforms, which means there’s no formal audit, and you should only interact with it if you trust the source and contract address.

Major exchanges like Binance do not currently list SHIMA. Always double-check the contract address (see it here) before transacting.

Technical Details: Solana’s SPL Token Standards

SHIMA follows the SPL Token standard, Solana’s version of what ERC-20 is to Ethereum. Here’s a quick rundown:

Mint Account: SHIMA tokens originate from a unique mint account (the address provided above).
Associated Token Account (ATA): To hold or send SHIMA, users must have an ATA linked to their wallet and the SHIMA Mint Account.
Token Program: While most tokens use the basic SPL standard, some leverage the newer Token-2022 program for extra features (like on-chain metadata or transfer fees). For SHIMA, there’s currently no public evidence it uses Token-2022 extensions, but you can check on SolanaFM for updates.

Transferring SHIMA: On Solana, SPL token transfers (including SHIMA) happen between ATAs. These transfers require a small amount of SOL for transaction fees and to keep accounts active.

Market Performance: SHIMA’s Wild Ride

In July 2025, SHIMA’s market activity exploded:

Market Cap: Jumped from ~$46,000 to over $4.6 million in days
Liquidity: Still low (as little as $18 at one point), which adds to volatility
Price Moves: Reports on X (Twitter) highlight insane 10x to 70x returns for early buyers, reflecting classic memecoin hype cycles

The ride has been fast and volatile—typical for meme tokens where social sentiment drives price far more than fundamentals.

Community and Hype

SHIMA’s growth is all about community. Activity on X shows:

Traders boasting big gains and rapid 40x+ returns
Hashtags like #Solana and #Memecoin trending alongside SHIMA
Buzz in private Telegram groups and efforts to promote “Anti Token Scam” features

Remember, these online promotions can sometimes be coordinated marketing pushes. As always, DYOR (do your own research).

SHIMA vs. Shima Capital: Don’t Get Confused!

It’s easy to mix up SHIMA the meme token with Shima Capital, a venture capital firm investing in crypto startups (including those on Solana). They share a name but are completely unrelated—one is a playful community coin, the other is a professional investment company.

Risks and Considerations

Meme tokens like SHIMA come with unique risks:

Extreme Volatility: Prices can rocket up and crash just as fast, often on the whim of online sentiment.
No Underlying Utility: SHIMA is up-front about being all about the meme—there’s no product, no governance, just community and hype.
Unverified Status: The lack of audits and the “unverified” tag signal greater risk. Anyone can create a meme token, so scams and rug pulls are not uncommon.
Low Liquidity: Big market swings can make buying or selling challenging, and price manipulation is easier in thinly traded markets.

For your safety, always check the official Solscan entry, verify contract details, and be wary of making decisions based solely on social media hype.

Tools for Tracking and Trading SHIMA

If you want to monitor SHIMA’s performance and avoid common pitfalls in meme token trading, platforms like GMGN.AI can be useful. GMGN.AI offers:

Real-Time Analytics: Instantly track new meme token launches and SHIMA price moves
Smart Money Tracking: Follow the wallets of top-performing traders
Security Checks: Screen for common risks like honeypots or high transaction taxes
Automated Trading: Set up strategies for fast-moving markets (Telegram integration required)

You can dive straight into SHIMA’s GMGN.AI page here for up-to-date stats, charts, and trading options.

Final Thoughts: Should You Get Involved with SHIMA?

SHIMA is emblematic of the meme coin movement on Solana—community-powered, high-risk, and all about the vibes. It’s a chance to ride rapid market waves, but also carries serious risks. If you’re considering joining the SHIMA party, keep your investments small, double-check everything on Solscan, and follow reputable DEXs for any trades.

As always, meme coins are as much about entertainment as investment. Stay sharp, have fun, and never risk more than you can afford to lose!