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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.

Dogecoin

Shiba Inu (CRYPTO: SHIB) was sliding over 4% lower Wednesday, in tandem with the wider crypto sector, which saw Bitcoin and Ethereum falling about 2%. Dogecoin was retracing over 3%, looking to break down from Monday's mother bar pattern, while Shiba Inu confirmed its current downtrend remains intact.

Shiba Inu Crawls Lower In Tandem With Dogecoin, Wider Crypto Sector: The Bull, Bear Case

Polygon

Shiba inu was down by as much as 5% on Wednesday, as the meme coin slipped to a one-week low in today's session. Market uncertainty has heightened in recent days, following the news that Prime Trust has been placed into receivership. Additionally, traders' nerves increased ahead of Federal Reserve Chair Jerome Powell's latest speech.

Biggest Movers: SHIB, MATIC Fall 5% Lower on Wednesday, Hitting 1-Week Low

The Hong Kong Virtual Assets Consortium (HKVAC) has released an index that tracks the 30 biggest crypto assets by market cap, including Dogecoin and Shiba Inu, amongst others.

DOGE, SHIB Included in Hong Kong's HKVAC Index

Dogecoin dropped by nearly 3% on Monday, as traders began to take profits following last week's gains. Cryptocurrency largely consolidated to start the week, with the global market cap down 0.64% as of writing. Shiba inu was another coin to move lower today.

Biggest Movers: DOGE, SHIB Slip on Monday, as Traders Capture Recent Gains

Shiba Inu (CRYPTO: SHIB) is up 8% in the last 7 days, outperforming the top meme coin Dogecoin (CRYPTO: DOGE), which gained 6% over the past week. What Happened: The surge comes after the SHIB lead developer, Shytoshi Kusama, last week unveiled details about an upcoming product line called "Shibacals: Authenticated Collectibles.

Shiba Inu Barks Louder Than Dogecoin With 8% Weekly Jump: How Many Tokens Can You Buy For $1 Now?

Cryptocurrency analysts of Coinidol.com report the price of Shiba Inu (SHIB) is rising as it breaks above the moving average lines, but it is stuck below the 50-day line SMA. In other words, the price of SHIB is moving between the moving average lines.

Shiba Inu Continues Bullish Momentum And Challenges High At $0.00000850

The lead developer of Dogecoin (DOGE) rival Shiba Inu (SHIB) is detailing the meme asset's roadmap while warning investors about potential scammers. In a new blog post, pseudonymous SHIB developer Shytoshi Kusama lays out what's ahead for the memecoin, including its new line of authentic SHIB-themed physical products.

Shiba Inu (SHIB) Developer Looks at the Big Picture for the Dogecoin (DOGE) Rival, Warns Against Scammers

Pepe

The meme coin sector posted impressive gains as market sentiments turned positive with Bitcoin's breakout above $30,000.

PEPE's 79% Weekly Gains Lead Meme Coin Surge as DOGE, SHIB, FLOKI Up Double Digits

Shiba Inu (CRYPTO: SHIB) surged 11% after the project's developer announced plans to introduce a new service that connects physical objects with non-fungible tokens (NFTs). Lead developer Shytoshi Kusama revealed details about the upcoming “Shibacals: Authenticated Collectibles” in a recent blog post.

Shiba Inu Soars 11% As 'Shibacals' Project Aims To Connect Physical Objects With NFTs

Developers shared plans for an NFC-linked authentication service in a Thursday update.

Shiba Inu Introduces ‘Shibacals' to Link NFTs to Real-World Items; SHIB Jumps

Bitcoin

Pepe Coin (CRYPTO: PEPE) has witnessed a surge of 16% in the past 24 hours, surpassing meme coins with higher market capitalization like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: While the overall cryptocurrency market turned green due to the recent announcement of crypto initiatives by financial services institutions, a few developments in particular seem to have worked in favor of Pepe Coin.

Pepe Coin Surges 16% — Leaves Dogecoin, Shiba Inu In Dust As Bitcoin Nears $29K

Ethereum

Major cryptocurrencies were largely unchanged at the time of writing as the global cryptocurrency market cap decreased by 0.2% to $1.06 trillion. What Happened: Bitcoin, Ethereum, and Dogecoin didn't show any major movements into a fresh trading week.

Bitcoin, Ethereum, Dogecoin Largely Unchanged — Shiba Inu Tops 24-Hour Gainer Chart Amid Burn Buzz

The blockchain-tracking service Whale Alert reported on Saturday about a large Shiba Inu (CRYPTO: SHIB) transaction in which an unknown crypto whale moved more than 3 trillion SHIB tokens. According to the Whale Alert, the whale moved a total of 3,811,233,843,288 SHIB worth about $25.6 million from one unknown wallet to another unknown wallet.

A Shiba Inu Whale Moved $25.6 Million Worth Of SHIB In A Big Transaction — Here's Where The Crypto Went

Shiba Inu (CRYPTO: SHIB), the dog-themed, meme crypto, advanced strongly Sunday morning even as the rest of the cryptocurrencies flatlined. Sunday Surge: Shiba Inu, which ended Saturday's session flat at $0.0000070, began to spike early Sunday around 3:40 a.m.

Why Is Shiba Inu Soaring Today?

This week in the meme-coin world was nothing short of a rollercoaster ride, with whales making waves and politicians joining the pack. From massive transactions to bullish predictions, there was no shortage of tail-wagging news.

Elon Musk's Doge Denial, Analyst's Hefty Price Target And Shiba Inu Whales: Meme Coin World Was Howling With News This Week

An unknown crypto whale is suddenly moving more than three trillion Shiba Inu (SHIB) tokens as the altcoin market slumps. Blockchain-tracking service Whale Alert initially spotted the large Shiba Inu transaction. Whale Alert reveals that a deep-pocketed entity moved a total of 3,811,233,843,288 SHIB worth about $25.

Shiba Inu Whale Abruptly Moves 3,811,233,843,288 SHIB in Massive Transaction – Here's Where the Crypto's Headed

The price of Shiba Inu (SHIB) has dropped significantly and is now at its lowest point on the chart.

Shiba Inu Continues To Depreciate And Hold Above $0.00000657

Despite a slight rebound in price, shiba inu remained near its lowest level in 21 months during Friday's session. Overall, the global cryptocurrency market cap was marginally higher, climbing by 1% as of writing. XRP was an exception, dropping to a three-week low today.

Biggest Movers: SHIB Remains Close to 21-Month Low, Following Recent Bear Run

Shannon Bray, a gubernatorial candidate in North Carolina on Wednesday said that he is buying Shiba Inu (CRYPTO: SHIB) with his next paycheck. What Happened: Bray was responding to a social media that asked which meme coins users are buying during 2023, Bray revealed he plans to buy SHIB with his next paycheck.

North Carolina Politician Says He's Buying Shiba Inu With Next Paycheck: 'Nothing Else Will Ever Gain That Traction'

Crypto whales abruptly moved nearly $60 million worth of top memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) in a 24-hour period earlier this week. The largest single transaction involved an unknown wallet sending 360 million DOGE worth more than $21 million to another unknown wallet, according to the blockchain tracker Whale Alert.

Crypto Whales Abruptly Move Nearly $60,000,000 in Dogecoin and Shiba Inu – Here's Where the Crypto Is Going

Shiba Inu (CRYPTO: SHIB) was trading slightly higher during Tuesday's 24-hour trading session, showing strength compared to Dogecoin (CRYPTO: DOGE), which was trading lower in tandem with the wider crypto sector after consumer price date released by the U.S. Labor Department showed inflation came in lower-than-expected. The Shiba Inu-themed crypto, dubbed the “doge killer,” looked to be settling into a bear flag pattern on the daily chart, despite the slight increase.

Shiba Inu Shows Strength Vs. Dogecoin But Prints A Bearish Pattern: Bull, Bear Case

A large whale added over $10 million worth of SHIB tokens on Tuesday, data shows.

Shiba Inu Testnet Blockchain 'Puppynet' Crosses 20M Transactions

A mysterious whale has been accumulating massive amounts of a particular meme token Shiba Inu (CRYPTO: SHIB), over the past few hours. What Happened: The whale in question accumulated 1.5 trillion SHIB worth $10 million from Binance and Coinbase, according to data from block explorer and analytics platform data Etherscan, first noted on Lookonchain.

Shiba Inu Whale Accumulates $10M From Coinbase, Binance Amid SEC's Legal Battle Against Crypto Exchanges

Blockchain-tracking service Whale Alert reported on Friday that an unknown crypto whale moved a total of 4,000,379,151,023 Shiba Inu (CRYPTO: SHIB) worth $31.7 million from Shiba Staking to the crypto exchange Binance. 4,000,379,151,023 #SHIB (31,709,005 USD) transferred from Shiba Staking to #Binance https://t.co/eqntWcrNf0 — Whale Alert (@whale_alert) June 9, 2023 In March, nearly 25 trillion SHIB worth a quarter of a billion dollars were securely moved off one of the crypto exchanges and placed in cold storage, according to new on-chain data.

A Shiba Inu Whale Moved $31.7M Worth SHIB In A Massive Transaction. Here's Where The Crypto Went.

Solana

The cryptocurrency space was swathed in a sea of red Saturday morning, as most altcoins pulled back sharply. What Happened: The sharp pullback came amid the SEC's lawsuits against cryptocurrency exchanges Binance and Coinbase Global, Inc. (NASDAQ:COIN).

News for Shiba Inu Crypto (SHIB)