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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.

Bonk

Dogecoin

Bonk (CRYPTO: BONK) surged an astonishing 62% on the day amid indications of an imminent token burn and significant whale movements, prompting traders to anticipate more upside. What Happened: Bonk's weekly gains tally at 104%, with the token fast approaching its December 2023 all-time high.

Bonk Goes Bonkers With 62% Daily Gain, Eclipsing Dogecoin, Shiba Inu: Whale Trader Pockets $2.9M

Meme coins are fun (and often funny), but most of them burn out fast rather than return fabled 1,000x gains. Here's why.

Why Most Meme Coins Die Young

"Dogecoin killer" Shiba Inu (CRYPTO: SHIB) surged over 15% in the past 24 hours, accompanied by an 81% expansion in trading volumes amid the announcement of a Shibarium partnership. What Happened: Shiba Inu announced the introduction of a new privacy-focused network on the Shibarium blockchain, in collaboration with open-source cryptography company Zama.

'Dogecoin Killer' Shiba Inu Leaps 15% Off Partnership News: 'Extremely Good Chart' Primed For 'Huge Run,' Says Analyst

Bitcoin

Ethereum

Dogs are leading the pack and the rest of the altcoins aren't even close.

Top Dogs: Dogecoin, Shiba Inu and Bonk Outpace Bitcoin, Ethereum Gains

The top three meme tokens — dogecoin, shiba inu, and bonk — have captured double-digit gains over the past day, rising between 23.3% to 37.5% against the U.S. dollar. Dogecoin has risen 29.9% and nears crossing the $0.13 threshold.

Meme Token Market Rally — Dogecoin, Shiba Inu, and Bonk Record Double-Digit 24-Hour Gains

A popular crypto trader believes that meme assets Dogecoin (DOGE) and Shiba Inu (SHIB) are gearing up for big moves to the upside. The pseudonymous analyst known as Altcoin Sherpa tells his 208,200 followers on the social media platform X that he is bullish on both DOGE and SHIB after their lengthy accumulation phases.

Crypto Analyst Says Dogecoin and Shiba Inu Looking ‘Extremely Good,' Updates Outlook on Bitcoin and Worldcoin

DOGE-related coins have made it to the list of top gainers, among the top 100 cryptocurrencies by market capitalization. What Happened: As reported by CoinMarketCap, a trio of these meme coins —BONK, Dogecoin, and Shiba Inu—shone as the top performers of the day.

Dogecoin, Shiba Inu, BONK Record Major Gains, Mark Their Territory Among Top Gainers — Analyst Predicts 600% Surge In DOGE's Price, Says 'Pump Hasn't Even Started'

Shiba Inu ecosystem token TREAT will power the “new privacy layer” for the Shibarium blockchain.

Shiba Inu Adopts Tech to Bring More Privacy For SHIB Token Holders

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) regained momentum, up 5.1% on the day to reach a price of $0.00001144. What Happened: Amid the broader crypto market rally, Shiba Inu notably outpaced Cardano (CRYPTO: ADA).

'Dogecoin Killer' Shiba Inu Rallies 5% On 111% Trading Volume Surge

dogwifhat

Solana's memecoin darling Dogwifhat (CRYPTO: WIF) continues its price rally, confirming predictions of a much bigger leg up ahead. What Happened: In the past 24 hours, Dogwifhat surged 34% taking its price to an all-time high of 77 cents, with trading volume expanding by 41% to $180.9 million.

'Shiba Inu Killer' Dogwifhat Pumps 34% On $180M Trading Volume: Could An Exchange Listings Be Next?

The lead developer of Shiba Inu (CRYPTO: SHIB), Shytoshi Kusama, expressed interest in the peculiar murals at the Denver Airport. What Happened: Shytoshi Kusama asked about the whereabouts of the murals in a post on X, formerly Twitter, on Tuesday.

Shiba Inu's Shytoshi Kusama Curious About Conspiracy Theory-Inducing Denver Airport Murals: 'I Have To See

Shiba Inu (CRYPTO: SHIB), dubbed as the ‘Dogecoin (CRYPTO: DOGE) Killer,' has seen its token burn rate surge by 1900% in the last 24 hours. What Happened: Over 102 million SHIB tokens were permanently removed from supply in the last 24 hours.

'Dogecoin Killer' Shiba Inu Sees Burn Rate Explode By 1900%, Erasing 102 Million Tokens In A Day

The combined market capitalization for the top 100 meme-themed cryptocurrencies on Monday experienced a surge, now standing at approximately $26.5 billion—an increase of 10% in the last 24 hours, thanks to Bitcoin's (CRYPTO: BTC) rally to $56,000. What Happened: Data from Santiment, an on-chain analytics platform said, “Memecoins are gaining significant increased traction and market cap growth on an otherwise flat Tuesday.

Dogecoin, Shiba Inu, Floki Surge, Pushing Meme Coin Market Cap To $26.5B: 'FOMO Toward Assets Like These Are Caution Flags,' Santiment Warns

Shiba Inu (CRYPTO: SHIB) erased one zero from its price by spiking over 10% on the day amid a Shiba Inu ETF petition by its community. What Happened: Per CoinGecko data, Shiba Inu saw an 10.7% surge taking its price to $0.00001059, breaking the psychological resistance of dropping one zero from its valuation.

Shiba Inu Kills A Zero From Its Valuation With 10% Daily Gain: Shiba Inu ETF On The Cards?

Pepe

Floki (CRYPTO: FLOKI) on Monday said that it had reached an all-time high in staking total value locked (TVL), outperforming Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Pepe Coin's (CRYPTO: PEPE) TVL. What Happened: A post from the official FLOKI handle said, "FLOKI JUST HIT A STAKING TVL ATH OF $105 MILLION.

Floki Sets New Record With $105M Staked, Surges Ahead Of Dogecoin, Pepe Coin, Shiba Inu In Total Locked Value

Shiba Inu's (SHIB) marketing lead Lucie is telling members of the community to be vigilant following the debut of the crypto project's new collection of non-fungible tokens (NFTs).

Shiba Inu Team Issues Warning on Fake Airdrops Following Introduction of New NFT Collection

A data analysis firm reveals that an individual or entity, known as a ‘whale,' has made a large transfer of the self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu (CRYPTO: SHIB). The transaction involved the movement of 421.6 billion SHIB tokens.

'Dogecoin Killer' Shiba Inu Witnesses Massive 421.6B Token Move By Whale, Resulting In $6M+ Loss

Major cryptocurrencies traded flat until late Friday evening but began recovering some losses during the weekend. The crypto market cap is crawling back towards the uptrend with a current 1.2% growth to $1.98 trillion in past 24 hours.

Bitcoin Trades Sideways, Ethereum Outperforms, Shiba Inu Loses Shine: The Week In Retrospect

The price of Shiba Inu (SHIB) has fallen between the moving average lines. Cryptocurrency price analysis brought by Coinidol.com.

Shiba Inu Price Falls After Resistance At $0.00001000

Shiba Inu (CRYPTO: SHIB) has taken the spotlight this week with a soaring burn rate and rising daily transactions. The developments signal potential bullish momentum ahead.

A Shiba Inu Whale Just Bought 551 Billion SHIB: Last Time They Did That, SHIB Pumped 1,100%

Memecoins — cryptocurrencies with no fundamental value except entertainment and speculation — appear to be on shaky ground. What Happened: Memecoin market capitalization increased 0.3% over the past 24 hours, reaching $22.5 billion, according to Coingecko.

Doge And Shiba Inu Flat; BONK, WIF And Myro Down; TRUMP Surges: Benzinga's Memecoin Mashup

Heavily-followed cryptocurrency content creator Jake Gagain compared Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to predict which will have a higher market capitalization in the anticipated 2025 bull run. What Happened: In his four-minute video, Gagain compares various factors for the two memecoin heavyweights: $SHIB Vs $DOGE: Which #Memecoin Will Have A Higher Market Cap At The Peak Of The 2025 Bull Run?

Shiba Inu Vs. Dogecoin

The Shiba Inu (CRYPTO: SHIB) ecosystem continues to see positive developments, with the token expected to erase a zero from its value soon. What Happened: According to Shib Burn data, the past 24 hours saw a 2,730% increase in the token's burn rate, highlighted by a single transaction that burned 85 million tokens.

"Dogecoin Killer" Shiba Inu Burn Rate Spikes 2,730%, 3 Trillion Tokens Moved: 'Manifesting SHIB 1 Cent Soon,' Says ShibArmy

Optimism is back in the cryptocurrency market for many, boosted by the approval of Bitcoin ETFs and a recent surge in meme coin activity. Benzinga polled its social media audience to identify the most popular meme coins in the current market.

Dogecoin, Shiba Inu, Pepe, Or GME Coin: Benzinga's Followers Weigh In On Their Meme Coin Fave - And The Winner Is

"Dogecoin killer" Shiba Inu (CRYPTO: SHIB) continues to attract interest with robust ecosystem activity and the potential for higher burn rates. What Happened: The trading volume of SHIB has increased 26% over the past 24 hours, as Shiba Inu's marketing lead Lucie revealed that the Shiba Inu ecosystem team intends to allocate 10% of the proceeds from its new NFT project for burning ecosystem tokens.

News for Shiba Inu Crypto (SHIB)