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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

A leading analytics firm says the current frenzy surrounding the frog-themed memecoin Pepe (PEPE) remains dwarfed by past Shiba Inu (SHIB) and Dogecoin (DOGE) manias. In a new analysis, crypto analytics firm Santiment notes that PEPE's peak daily trading volume in the past few weeks was $2 billion.

Shiba Inu (SHIB) and Dogecoin (DOGE) Still Top Dogs in Memecoin History, Says Analytics Firm – Here's Why

Shiba Inu (CRYPTO: SHIB) was sliding over 1% lower during Tuesday's 24-hour trading session, moving inversely to Dogecoin (CRYPTO: DOGE), which was rising slightly. Shiba Inu's move lower comes amid an increase in the rate at which the tokens are being burned to decrease the overall supply.

Shiba Inu Continues Consolidation In Oversold Territory As Burn Rate Increases: A Technical Analysis

Within the past 24 hours, two transactions saw a total of 12.87 million Shiba Inu (CRYPTO: SHIB) tokens burned, marking a 60.30% increase in the SHIB token burn rate. What Happened: Over the last seven days, Shibburn, a Shiba Inu burn rate tracker, reported that a total of 1.7 trillion SHIB tokens have been burned in 20 transactions.

Shiba Inu Token Burn Rate Surges 60% As New Twitter CEO Shows Interest In Meme Coin

Shiba Inu's (SHIB) cost has dropped significantly as it approaches the lowest selling price.

Shiba Inu Reaches Oversold Region And Remains Above $0.00000834

In a new development, Linda Yaccarino, the newly appointed CEO of Twitter, has been spotted following the Shiba Inu (CRYPTO: SHIB) memecoin on the social media platform. The move has prompted speculation about Yaccarino's interest in the popular digital asset, adding a layer of intrigue to her introduction as Twitter's chief executive.

Massive Shiba Inu Endorsement? New Twitter CEO's Account Shows Major Crypto Hint

Shiba inu moved close to a five-month low on Friday, as meme coins reacted to news that Elon Musk has found a new Twitter CEO. Musk tweeted, “Excited to announce that I've hired a new CEO for X/Twitter. She will be starting in ~6 weeks.” Dogecoin neared a two-month low today.

Biggest Movers: SHIB, DOGE Near Multi-Month Lows, as Musk Finds New Twitter CEO

Shiba Inu (CRYPTO: SHIB) was falling over 3% during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was also retracing. The move lower in the two Shiba Inu-themed cryptos was in sync with the general crypto sector, which saw Bitcoin and Ethereum (CRYPTO: ETH) down over 2%.

Shiba Inu Follows Dogecoin Into Consolidation, Readies For A Move In One Direction

Bitcoin

Pepe

Uniswap

Tokens issued on Bitcoin ran to a cumulative market capitalization of as much as $1.5 billion earlier this week before sharply correcting.

Developers Deploy Uniswap Contracts on Bitcoin as BRC20-Based SHIB, PEPE Gain Popularity

A pseudonymous cryptocurrency analyst believes that the surge in the price of Pepe Coin (CRYPTO: PEPE) will continue until it overtakes Shiba Inu (CRYPTO: SHIB) to become the second-largest meme coin. What Happened: ‘Cryptunez' told his 154,500 followers on Twitter that the "impact of Pepe Coin on the crypto [market] cannot be understated".

Crypto Analyst Sees Pepe Coin Dethroning Shiba Inu As 2nd-Largest Meme Coin: Calls SHIB 'Overvalued Garbage'

Ethereum

Ethereum whales are joining the latest memecoin craze by throwing in millions of dollars worth of their ETH into Pepe (PEPE), a coin now up over 5,000% in the last several weeks. According to blockchain tracker Lookonchain, an Ethereum whale spent nearly $3 million on PEPE using Wrapped Bitcoin (WBTC) and ETH.

Ethereum Whales Convert Millions of Dollars in ETH to Shiba Inu (SHIB) Competitor: On-Chain Data

The latest data from Shiba Inu (CRYPTO: SHIB) burn tracker Shibburn reveals that the burn rate of the meme coin has shot up to more than 56,965%. More than 1.6 billion Shiba Inu are no longer in circulation after the meme coin's burn rate skyrocketed in the past 24 hours.

More Than 1.6 Billion SHIB Vanishes In Just 24 Hours, Burn Rate Explodes By Over 50,000%

More than 1.6 billion Shiba Inu (SHIB) tokens are no longer in circulation as the project's burn rate has skyrocketed in the past 24 hours. According to new data from SHIB burn tracker Shibburn, the burn rate of the dog-themed meme asset shot up to more than 56,965%, putting out of use 1,695,572,371 SHIB.

1,695,572,371 Shiba Inu Vanishes in Just 24 Hours As SHIB Burn Rate Explodes by Over 50,000%

Shiba Inu (SHIB) price is falling below the moving average lines.

Shiba Inu Breaks Through Current Support And Threatens To Drop To $0.00000962

Dogecoin (DOGE) challenger Shiba Inu (SHIB) is still the most popular memecoin in the US despite seeing new competition.

Dogecoin (DOGE) Rival Shiba Inu (SHIB) Still Top Memecoin in US Despite New Competition: CoinGecko

Shiba Inu (CRYPTO: SHIB) was falling almost 2% during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was nudging about the same amount lower within a sideways pattern. Many of coins and tokens in the crypto sector have been consolidating mostly sideways recently, led by Bitcoin and Ethereum, which have been trading in horizontal patterns on decreasing volume.

Shiba Inu Rests Alongside Dogecoin With Investors Showing Lack Of Interest: The Bull, Bear Case

Binance CEO, Changpeng Zhao, popularly known as "CZ,” spoke on Monday about his perspective on meme coins and Binance's listing process. What Happened: CZ said he personally never really understood meme coins.

Binance's CZ Says He Doesn't Understand Meme Coins Like Elon Musk Does — Discloses Shiba Inu's Listing Process

In a Twitter post, Shiba Inu (CRYPTO: SHIB) teased a preview of “Rocket Pond,” a new destination in the protocol's upcoming metaverse. The developers of the Shiba Inu metaverse have said that the reveal of Rocket Pond is just days away.

Shiba Inu's Metaverse Gears Up for 'Rocket Pond' Reveal, Blending Wilderness And Resort Experience

The price of Shiba Inu (SHIB) is bearish as it falls below the moving average lines.

Shiba Inu Returns To $0.00000985 Low But Continues Consolidation

Dogecoin (DOGE) competitor Shiba Inu (SHIB) is teasing a preview of “Rocket Pond,” the protocol's upcoming metaverse. In a new announcement, the Shiba Inu team teases its metaverse plans and says that the reveal of Rocket Pond is just days away, adding that users have the opportunity to win lands via a contest.

Dogecoin Rival Shiba Inu Ramps Up Metaverse Plans by Teasing the Reveal of ‘Rocket Pond'

A crucial Shiba Inu (SHIB) ecosystem altcoin is defying the sideways crypto market trend this week, surging more than 16% amid a flurry of new exchange listings. The altcoin, Bone ShibaSwap (BONE), is trading at $1.06 at time of writing, up from $0.913 seven days ago.

Shiba Inu (SHIB) Ecosystem Altcoin Defies Crypto Market Doldrums Amid New Exchange Listings This Week

Shiba Inu (CRYPTO: SHIB) continued to trade with a high level of volatility during Thursday's session, jumping up temporarily over the 200-day simple moving average (SMA) before falling back under the level. The continued volatility follows Wednesday's price action, which saw Shiba Inu swing between $0.00000975 and $0.00001075 within the session.

Shiba Inu Trades With High Volatility On Low Volume, Following Bitcoin, Dogecoin: The Bull, Bear Case

Bitcoin (CRYPTO: BTC) was spiking up over 5% higher at one point during Wednesday's 24-hour trading session, dragging Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) higher. The move higher in the crypto space came in tandem with spot gold, which was edging moderately higher and inversely to the general market, which saw the S&P 500 falling from its high-of-day.

Bitcoin Makes A Comeback, Pulls Ethereum, Dogecoin, Shiba Inu Higher: What To Watch In The Battle With Resistance

Billy Markus, popularly known as Shibetoshi Nakamoto, the co-creator of Dogecoin (CRYPTO: DOGE), on Tuesday, gave insights into the marketing strategy employed by meme coin communities. What Happened: It all started with Markus tweeting out some Frequently Asked Questions, or FAQs, about his role as a meme coin founder.

Dogecoin Co-Creator Fires Back At Critic Of Meme Coin Marketing — Says Shiba Inu, Floki Also Follow Similar Strategy

Cardano

Solana

Meme coin Shiba Inu (CRYPTO: SHIB) is currently witnessing a significant drop in trading volume, hitting a low not seen in four months after struggling to build momentum from a local support level reached a few days ago. This stagnation in trading activity may be due to the general inactivity in the cryptocurrency market, which raises questions about Shiba Inu's ability to re-establish its upward trajectory in the near future, stated U.Today in its market report.

Shiba Inu Trading Volume Plummets To Unimaginable Lows, While Solana and Cardano Struggle: Is This The End Of The Meme Coin Era?

Millions worth of pepe tokens are held by a small number of wallets, with one such wallet seemingly a memecoin bull.

News for Shiba Inu Crypto (SHIB)