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Shiba Inu

Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." According to its whitepaper, Shiba Inu was created with the intention of creating a "100% community-led" cryptocurrency. Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin's Srypt-based mining algorithm. Shiba Inu is widely considered to be a "memecoin" due to its high volatility and network effect, driven by influential commentators like Tesla CEO Elon Musk.

The cryptocurrency Shiba Inu was created in August 2020 by an anonymous person known as "Ryoshi."

Shiba Inu aims to be a 100% community-led, decentralized cryptocurrency which seeks complete independence from centralized authorities and takes pride in that it was not founded from an existing community. 

SHIB exists on the Ethereum blockchain because Ryoshi viewed it as a well-established, secure, and decentralized network that would allow the Shiba Inu project to be developed with zero outside regulation. 

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Scrypt-based mining algorithm. 

When SHIB was created, 1 quadrillion tokens were minted. SHIB’s founder sent 50% of the total supply to Ethereum co-founder Vitalik Buterin, who then burned 90% of his holdings by sending the tokens to a dead blockchain address. Buterin said he’d donate the remaining 10% to charity. 

The remaining supply, which wasn’t sent to Buterin, is locked in Uniswap, which is a decentralized finance protocol used to exchange cryptocurrencies. 

The Shiba Inu community considers the crypto to be a "Dogecoin Killer" because it has the ability to top its memecoin rival's market cap without ever crossing the $0.01 mark. 

Shiba Inu is widely considered to be a memecoin due to its high volatility and potential risk, as well as its network effect, driven by influential commentators like Tesla CEO Elon Musk.

Shiba Inu (CRYPTO: SHIB) might be on the verge of a significant price surge. According to the social intelligence company LunarCrush, various factors, from social engagement to token withdrawal patterns, hint at an impending bull run for the popular meme coin.

Is Shiba Inu Set To Skyrocket? Social Buzz And Token Burns Fuel Speculation

Shiba Inu (CRYPTO: SHIB) has found its groove again with a 6% price increase in Thursday's trading, alongside an increase in daily transactions and large holder net flow. What Happened: Shibariumscan data highlights a spike of 46% in daily transactions to 7.24K in a single day.

'Dogecoin Killer' Shiba Inu Bounces 6% On 1,058% Explosion In Large Holder Net Flow

Pepe

The recent surge of PEPE (CRYPTO: PEPE) has market observers buzzing in the wacky world of memecoins. What Happened: Over the past two months, this internet frog-faced favorite has seen its market cap balloon to over $3 billion, sparking a frenzy among investors and traders.

Is Shiba Inu About To Get Dethroned? The Rise Of PEPE Coin

Bitcoin

This article was originally published on the Benzinga India portal. Meme tokens like Shiba Inu (CRYPTO: SHIB), Pepe (PEPE), and Floki (FLOKI) have captured the attention of Indian investors, dominating the trading scene on WazirX, one of India's premier crypto exchanges.

Shiba Inu Outshines Bitcoin In India Amid Meme Coin Frenzy On Premier Domestic Platform

A new study has shed light on the most popular cryptocurrencies among residents of Michigan. What Happened: The study by Bombastic.com, which analyzed Google search data over the past year, revealed a mix of established players and rising stars capturing the attention of Michigan's crypto enthusiasts.

Michigan's Most Popular Cryptocurrencies: Study Results May Surprise You

There's often a shroud of mystery around pseudonymous crypto founders. But Shiba Inu's Ryoshi has more question marks than most.

How Much SHIB Does Shiba Inu Founder Ryoshi Really Hold?

Shiba Inu (CRYPTO: SHIB) has recently seen substantial whale transactions, signaling a potential major price move ahead. What Happened: According to Whale Alert data on April 2, significant transactions involving one trillion SHIB tokens were noted as the meme coin dipped slightly: Wintermute transferred 461.6 billion SHIB tokens, valued at $13.2 million, to an unknown wallet.

'Dogecoin Killer' Shiba Inu Records 2,330% Monthly Burn Rate, 1 Trillion SHIB Moved In Whale Transactions

Veteran pseudonymous crypto trader Altcoin Sherpa views the Shiba Inu chart as "high-frequency trading" and advises traders to exercise patience. What Happened: In a March 31 tweet thread on meme coins, Sherpa lists the pros and cons of trading the “Dogecoin Killer.

'Dogecoin Killer' Shiba Inu's Burn Rate Surges 2,300%: Trader Predicts 'Moments Where It Flips Doge'

Trader and analyst Davinci Jeremie, known for his early support of Bitcoin (CRYPTO: BTC), on Monday showed interest in the Dogecoin (CRYPTO: DOGE) Killer Shiba Inu (CRYPTO: SHIB) during an online interaction. Asked by a user whether it's a good idea to buy Shiba Inu, Jeremie responded, saying, “Yes, you should.

Trader Who Urged Everyone To Buy $1 Of Bitcoin In 2013 Now Advocates For 'Dogecoin Killer' Shiba Inu

The price of Shiba Inu (SHIB) has continued its uptrend and has risen above the 21-day SMA. Price analysis by Coinidol.com.

Shiba Inu Oscillates Above $0.00003 And Maintains Its Sideways Pattern

Shiba Inu (CRYPTO: SHIB) is making a strong comeback, with its burn rate soaring by 17,197% in the last 24 hours and a surge in whale transactions. The crypto community eagerly awaits when Shiba Inu will shed its next zero.

Shiba Inu Up 6% On 17,197% Burn Rate Explosion, But: 'SHIB is Cheap,' Claims Trader

Dogecoin

A new meme token named Dawkoins (DWK) has seen a rise of 400% in value in just 24 hours, outperforming well-known meme-based cryptocurrencies such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: This spike comes with the unique birthday tribute paid to Richard Dawkins, the esteemed evolutionary biologist.

Dawkoins Skyrockets 400% In A Single Day Following Richard Dawkins' Birthday Celebration — Dogecoin, Shiba Inu Left In The Dust

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) is demonstrating resilience with a 1% gain amid a notable surge in its daily transactions and whale activities. The Shib community and analysts anticipate positive momentum for the token.

Shiba Inu Spikes 516% In Daily Transactions, 220% For Whales: Trader Says 'SHIB History Repeats Itself'

Solana

A crypto strategist who accurately called the latest Bitcoin (BTC) correction says the top meme token Shiba Inu (SHIB) may be mirroring a pattern last seen during the 2021 bull market.

Trader Says Shiba Inu May Be Repeating 2021 Bull Market Pattern, Updates Outlook on Solana and Dogecoin

Shiba Inu (SHIB) prices have risen to a high of $0.00004552 before falling again. Price analysis by Coinidol.com.

Shiba Inu Starts A Horizontal Trend And Reaches A High Of $0.00004500

Meme coin Shiba Inu (CRYPTO: SHIB), the world's second-biggest meme cryptocurrency, has seen a significant surge in SHIB tokens permanently removed from circulation, marking a notable milestone in its journey. Despite recent market downturns, SHIB's price is on a path to recovery, showcasing the resilient spirit of its community.

Shiba Inu Burn Intensifies, Millions Of Tokens Destroyed: 'If Someone Can Pull Miracle Recovery It's SHIB'

Floki Inu (CRYPTO: FLOKI) witnessed a 75% rally earlier in the day after the meme coins returned riding on the back of a Bitcoin rally. While the token entered a sports partnership, analysts are bullish for the future.

'Golden Bull' Floki's 75% Single Day Rally Leaves Dogecoin, Shiba Inu Behind: 'Casual 10x Incoming,' Says Trader

Using a misspelling of U.S. President Joe Biden's name, meme coin Jeo Boden (CRYPTO: BODEN) is trading 48% higher in the past 24 hours with a 65% surge in trading volumes. What Happened: Based on DEXScreener data, the Jeo Boden meme coin boasts of $1.9 million in liquidity and a market capitalization of $160 million.

Biden-Inspired 'Jeo Boden' Meme Coin Leaves Behind Dogecoin, Shiba Inu In Monthly Gains, 'Relevancy Increases' On Election Narratives Says Trader

Shiba Inu (CRYPTO: SHIB) is trading 5% higher as meme coin market capitalization stands 15.8% higher in the past 24 hours. The token, nicknamed “Dogecoin Killer,” is seeing a surge in short-term holders and whale transactions.

'Dogecoin Killer' Shiba Inu Up 5% On Whale Acquisitions, Rising Short-Term Hodlers, Community Expects 'Much Wows Incoming'

While Shiba Inu (CRYPTO: SHIB) is experiencing a 5% drop in trade amidst the overall decline in the meme coin market, Shibarium's meme coin DAMN (Sol Killer) reported significant gains. What Happened: Shibarium's newly launched meme coin, DAMN, quickly gained attention as one of the hottest coins on the market tracker DEXTools.

Shiba Inu Blockchain Shibarium's Meme Coin DAMN Leads Board With 22% Single Day Gains, Active Accounts Spike 1059%

The ‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) is back on track with its surging burn rates, and some traders are accumulating the meme coin, reflecting positive investor sentiment. What Happened: According to data from Shibburn, Shiba Inu currently boasts a 2,889.5% burn rate.

'Dogecoin Killer' Shiba Inu Burn Rate Skyrockets 2,289%, As Unknown Whale Hoards $14M In SHIB

Nearly 30 million Shiba Inu (CRYPTO: SHIB) tokens have been permanently removed from circulation. This move comes amidst a significant price correction for the meme coin, which saw a sharp decline following a recent peak.

Shiba Inu Burn Intensifies Amid Dramatic Market Downturn

Based on the most recent data, the meme cryptocurrency shiba inu has witnessed 410 trillion tokens burned, translating to approximately 41% of its entire circulation. Concurrently, the digital asset has experienced a recent price revival over the last four weeks.

Despite Recent Dip, Meme Coin Shiba Inu Marks 177% Monthly Growth

Shiba Inu (CRYPTO: SHIB) is back on track with a burn rate 933% surge and an 8% increase in daily active addresses. Analysts remain bullish on the meme coin despite a recent drop.

'Dogecoin Killer' Shiba Inu Burn Rate Defies Market Action With 933% Surge, Daily Active Addresses Spike By 8%

Coinbase's meme cat, Toshi (CRYPTO: TOSHI) is up 39.3% in the past 24 hours, pushing its monthly gains to 121.6% and leaving other trending memecoins like Dogwifhat, Pepe and Bonk behind. What Happened: On March 7, Toshi proposed to allow users to decide whether the sales tax will be removed or kept until the treasury, currently sitting at 500 ETH, hits 1000 ETH.

News for Shiba Inu Crypto (SHIB)