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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.

Coinidol.com reports that the price of the Shiba Inu (SHIB) coin has remained almost unchanged since the price plunged on June 10.

Shiba Inu Coin Breaks Through $0.000008, But Is Overbought

An unknown crypto whale is suddenly moving trillions of Shiba Inu (SHIB) tokens as the top memecoin rallies to a high not seen in weeks. Blockchain-tracking service Whale Alert notes that a deep-pocketed investor moved a total of 4,113,777,233,445 SHIB worth $32.86 million from an unknown wallet to another unknown wallet on Friday.

Shiba Inu Whale Abruptly Moves 4,113,777,233,445 SHIB in Massive Transaction – Here's Where the Crypto's Headed

Dogecoin

Shiba inu was one of Saturday's biggest movers, as the meme coin rose by as much as 7% to start the weekend. The global crypto market cap was mostly lower, falling by over 2% as traders began to secure recent gains. Despite this, dogecoin also rose, hitting a two-month high in today's session.

Biggest Movers: SHIB up 7% on Saturday, as DOGE Moves to 2-Month Peak

Shiba Inu (CRYPTO: SHIB) was climbing up over 6% at one point during Thursday's 24-hour trading session, attempting to confirm a new uptrend pattern on the daily chart. The move higher came in tandem with Dogecoin (CRYPTO: DOGE), which was spiking over 6% higher amid bullish price action in the crypto sector following a landmark ruling by a U.S. judge, who determined that Ripple's sales of the XRP token (CRYPTO: XRP) do not constitute an offer of investment contracts.

Shiba Inu Flies Higher In Tandem With Dogecoin As Crypto Sector Reacts To XRP Judgement: A Technical Analysis

Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.

Early Shiba Inu Holder With 10% of Supply Moves $30M in SHIB Tokens

Ethereum

An Ethereum (ETH) whale has accumulated more than $1 million worth of the Shiba Inu (SHIB) memecoin competitor Pepe (PEPE) in the past month, according to the blockchain tracker Lookonchain. Lookonchain notes that the pseudonymous trader OSF spent 141 ETH worth $261,000 to buy 173 billion PEPE earlier this week.

Ethereum Whale Quietly Accumulates Over $1,000,000 Worth of Shiba Inu (SHIB) Competitor: On-Chain Data

A colossal whale, possibly the largest holder of Shiba Inu (CRYPTO: SHIB) tokens on Wednesday transferred 4 trillion SHIB, valued at $29.8 million, to eight newly-created addresses. What Happened: The whale's activity has caught the attention of crypto enthusiasts, as it marks the first time in over 600 days that the whale has made any significant moves.

Shiba Inu Burn Rate Plunges 100% — Largest Whale Moves $30M Worth Of SHIB To 8 Fresh Wallets

Dogecoin (DOGE) rival Shiba Inu (SHIB) is flashing signs of a potential breakout, according to the crypto analytics firm Santiment. Santiment says that the memecoin's levels of whale transactions and token circulation are on the up and up. According to the analytics firm, the rise in network activity bodes well for Shiba Inu.

Shiba Inu Showing Breakout Potential As SHIB Whales Abruptly Come to Life: Analytics Firm Santiment

After facing a challenging period this year, the Shiba Inu (CRYPTO: SHIB) sister tokens appears to have hit a near-term bottom earlier this week and is now showing signs of a turnaround. What Happened: Over the past few days, the meme-inspired crypto has been gaining momentum, bringing some hope to its investors.

Shiba Inu Governance Token Shoots Up 96% Over The Past Month — Leaves Dogecoin, Pepe Coin Trailing In The Dust

An altcoin in the Shiba Inu (SHIB) ecosystem is skyrocketing after its lead developer presented the first “truly decentralized exchange” ahead of the launch of Shibarium, the project's highly anticipated upcoming layer-2 scaling solution.

Shiba Inu Altcoin Rips After Shytoshi Kusama Reveals ‘Shibapendence Day' Ahead of Imminent Layer-2 Launch

Shiba Inu (CRYPTO: SHIB), which has been on a lean run for much of this year, hit a near-term bottom earlier this week. Since Friday, however, the meme crypto has been gathering some momentum.

Shiba Inu And Its Sister Coin BONE Rally Into The Weekend — What's Driving The Upside

Shytoshi Kusama, the lead developer of Shiba Inu (CRYPTO: SHIB), announced Shibarium (CRYPTO: SHIBDAO), an ambitious initiative aiming to create a decentralized and enduring community, is on track to go live in August. What Happened: Shibarium wants to work within a branded governance framework, leveraging blockchain technology to create an economic, territorial and entertainment environment for its thriving community.

Shibarium: Shiba Inu's Revolutionary Project Set to Go Live In August

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) price is falling steadily after being rejected twice at the $0.00000800 resistance level.

Shiba Inu Retreats After Failing To Hold Above $0.00000800

Shiba Inu (CRYPTO: SHIB) ecosystem lead developer Shytoshi Kusama on Thursday announced plans for the launch of the much-anticipated Shibarium, a layer 2 blockchain solution. What Happened: In a Thursday blog post Kusama wrote that Shibarium is expected to go live after an upcoming Toronto conference in August.

Shiba Inu Lead Developer Says Much-Awaited Shibarium To Launch In August, BONE Spikes 5%

The layer 2 network will utilize bone, treat, shib and leash tokens for applications built on the blockchain.

Shiba Inu-Based Shibarium Blockchain Expected to Go Live in August

Dogecoin (DOGE) rival Shiba Inu (SHIB) might be performing poorly as of late, but the memecoin can still have a positive future, according to crypto analytics firm Santiment. Santiment says that the Shiba Inu network is suddenly seeing a massive increase in activity, indicating a possible incoming move to the upside.

Dogecoin Rival Shiba Inu Shows Promise Despite Poor Price Performance, Says Analytics Firm Santiment – Here's Why

The lead developer of popular memecoin Shiba Inu (SHIB) is teasing a roadmap of the Dogecoin (DOGE) rival's future. In a new lengthy blog post, pseudonymous developer Shytoshi Kusama is proposing an update to SHIB that would complete the vision the protocol's anonymous creator, Ryoshi, had for the dog-themed meme asset.

Shiba Inu (SHIB) Developer Teases New Plans for the Dogecoin (DOGE) Rival in Blog Post

Shiba Inu token (CRYPTO: SHIB) on Wednesday, was one of the tokens accounting for the highest transaction fees. What Happened: According to Santiment, an on-chain analytics platform, three key factors have contributed to the newfound optimism surrounding SHIB.

Shiba Inu Sees Dramatic Surge In Network Growth Despite Repressed Prices Shows On-Chain Data

Shiba Inu (CRYPTO: SHIB) was sliding over 2% lower during Wednesday's 24-hour trading session, in tandem with Dogecoin, which was dropping about 3%. The Shiba Inu-themed cryptos have each seen decreasing volume since June 30, when Shiba Inu and Dogecoin experienced big bullish volume, which helped them to break up from bullish patterns.

Shiba Inu Falls Lower In Tandem With Dogecoin But Bulls Need Not Worry: A Technical Analysis

Pepe

Pepe Coin (CRYPTO: PEPE) surged by 9% in the last 24 hours, outperforming top meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in terms of market capitalization. What Happened: PEPE's upward momentum coincides with a significant shift in the overall cryptocurrency market, triggered by prominent financial institutions like BlackRock, WisdomTree, and Fidelity filing for spot Bitcoin ETFs.

Pepe Coin Outperforms Shiba Inu, Dogecoin With 9% Gains — How Many Frog Tokens Can You Buy For $1

An estimated $4 billion worth of malicious token issuances on PolyNetwork will not bear much money for attackers due to low liquidity and security precautions.

PolyNetwork Attacker Issues “Worthless” Billions in SHIB, BNB, BUSD in Latest Crypto Hack

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) prices have reached an inevitable decline.

Shiba Inu Is Caught In A Range And Threatens To Fall To $0.00000551

New data reveals that over 25 million transactions have taken place over the testnet of Shibarium, Shiba Inu's (SHIB) highly anticipated new layer-2 scaling solution, as the project's developers promote its benefits. According to blockchain scanner Blockscout, 25,780,900 transactions have taken place over the testnet, known as the Puppynet, since it launched in March.

Shiba Inu Layer-2 Testnet Garners 25 Million Transactions As SHIB Developers Promote Shibarium's Benefits

Shiba Inu (CRYPTO: SHIB) burn rate on Friday spiked 1800% in the last 24 hours, after the Shibarium testnet crossed the 25 million total transactions mark as enthusiasm grows ahead of mainnet. What Happened: As per PuppyScan, the dedicated blockchain explorer for Shiba Inu, at the time of this writing, the total number of transactions on the Shibarium beta testnet has surpassed 25 million, currently standing at 25,505,315.

Shiba Inu Burn Rate Spikes 1800% After Shibarium Testnet Hits 25M Shows 'PuppyNet'

Bitcoin (CRYPTO: BTC) is breaking levels not seen since last April, and meme coins have also joined the uptrend. Pepe coin (CRYPTO: PEPE), which features a cartoon frog as its mascot, has seen a striking increase of over 83%, according to CoinGecko.

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