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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) was among the top favorite holdings in new crypto wallets, with more than 12,000 fresh wallets seeing holding the meme coin over the last seven days leading up to Jan.19, 2023. What Happened: According to Nansen data, these wallets saw $56 million in SHIB inflows over the period, making it the top non-stablecoin asset held in their balances.

As 2023 Set In, Shiba Inu Emerged As A Favorite Among New Crypto Wallets, How's It Doing Today?

Bone ShibaSwap (CRYPTO: BONE), the governance token of the ShibaSwap ecosystem, is up 7% in the last 24 hours, even as top meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) took a hit.

Shiba Inu Governance Token Gains 7% Amid Dogecoin Weakness

Dogecoin

Dogecoin dropped to a multi-week low on Saturday, as a red wave continues to wash away recent crypto bulls. The meme coin dropped below a key price floor at $0.080 following today's plunge. Shiba inu was also lower to start the weekend, falling by as much as 3%.

Biggest Movers: DOGE, SHIB Drop to Multi-Week Lows, Following Crypto Red Wave

The price of Shiba Inu (SHIB) is moving within a narrow range, but falling below the moving average lines.

Shiba Inu Falls On Re-Crossing Current Support At $0.00001000

A deep-pocketed Shiba Inu (SHIB) investor is snapping up hundreds of billions of SHIB tokens as the crypto markets dip. New data from whale-surveying platform WhaleStats reveals that user BlueWhale0073, the 254th-ranked Ethereum (ETH) whale in the world, bought 117,883,960,216 SHIB worth $1,256,643 on April 20th.

Mysterious Shiba Inu Whale Gobbles Up 311,998,734,794 SHIB Amid Crypto Market Dip: On-Chain Data

New data shows that an explosive amount of transactions are being conducted over Puppynet, the testnet of Shiba Inu's (SHIB) new layer-2 scaling solution, Shibarium. According to blockchain scanner Blockscout, more than 4.

Shiba Inu (SHIB) Layer-2 Project's Growth Rate Explodes As Testnet Wallet Transactions Soar to Over 4,400,000

Bitcoin

Shiba Inu (CRYPTO: SHIB) was trading mostly sideways at the beginning of Wednesday's 24-hour trading session until 4 a.m., when the crypto sector reacted bearishly to inflation data coming out of the United Kingdom.

Shiba Inu Falls With Bitcoin, Dogecoin Following UK Inflation Data: But Will The Trend Continue?

A mysterious Shiba Inu (SHIB) whale is suddenly on the move, relocating trillions of tokens as the top memecoin starts to flash signs of life. Blockchain-monitoring service Whale Alert first spotted the massive Shiba Inu transaction.

Shiba Inu Whale Moves 3,484,812,794,902 SHIB in One Massive Transaction – Here's Where the Crypto Is Headed

Shytoshi Kusama, the project lead of Shiba Inu (CRYPTO: SHIB), on Sunday, teased the release of ShibaSwap 2.0 in a Telegram message. What Happened: The lead developer in a Telegram post said, "ShibaSwap 2.0 is coming.

Shiba Inu Lead Developer Teases ShibaSwap 2.0: 'Ignore Everything That Says Otherwise'

Shiba Inu (CRYPTO: SHIB), a widely followed cryptocurrency, spiked Sunday morning, creating a stir in an otherwise quiet weekend on the crypto front. What Happened: Shiba Inu, which is named after the namesake Japanese hunting dog, ended Friday's session at $0.00001097 and traded Saturday in the $0.00001092-$0.00001121 range before settling at $0.00001111.

Shiba Inu Spikes On 60% Spurt In Volume — Here's What's Driving The Meme Coin Higher

Tens of billions of Shiba Inu (SHIB) tokens and other digital assets have been stolen from crypto exchange Bitrue in a massive multi-million-dollar exploit.

22,550,000,000 Shiba Inu and Other Crypto Assets Stolen From Bitrue Exchange in Massive Hack: PeckShield

The price of Shiba Inu (SHIB) is currently moving after rising above the 50-day line SMA.

Shiba Inu drops in the face of resistance at $0.00001140

Over 1.5 trillion Shiba Inu (SHIB) tokens have been discarded in the last day as the project's burn rate sees a massive increase.

1,500,141,145 Shiba Inu Evaporates in Just 24 Hours As SHIB Burn Rate Soars Over 30,000%

Ethereum

Singapore-based crypto exchange Bitrue has been hit by a security breach, draining a hot wallet of $23 million in various assets.

Hacker Robs Crypto Exchange Bitrue of $23M in Ethereum, SHIB, Other Assets

Bitrue said the affected wallet contained “less than 5%” of overall reserves.

Crypto Exchange Bitrue Drained of $23M in Hack of Ether, Shiba Inu, Other Tokens

The 19th biggest Shiba Inu (CRYPTO: SHIB) whale has purchased a staggering 171.68 billion SHIB, worth a total of $1.88 million, through four separate transactions. What Happened: The buying spree kicked off on Thursday with a purchase of 38.83 billion SHIB, worth $426,407, from the Binance-associated wallet “Binance 14,” according to Etherscan.io.

Shiba Inu Whale Gobbles Up 171B SHIB in 4 Massive Transactions

Bloomberg Intelligence's senior commodity strategist Mike McGlone is issuing a warning on the two largest meme coins by market cap amid approaching economic headwinds.

Bloomberg Analyst Issues Warning on Dogecoin (DOGE) and Shiba Inu (SHIB) Amid Oncoming Economic ‘Hurricane'

Shiba Inu (CRYPTO: SHIB) was climbing up about 1.2% during Thursday's 24-hour trading session following Dogecoin (CRYPTO: DOGE), which was popping over 4% higher. The crypto sector, spot gold and the stock market were all reacting bullishly to data released on Thursday morning, which showed inflation is ticking lower and the jobs market is contracting.

Shiba Inu Attempts To Follow Dogecoin Higher, But Bumps Into Pattern Top: When Will The Crypto Meet The Apex?

Shiba Inu developers have announced plans to launch "SHIB: The Metaverse," a project aimed at expanding the utility of the Shiba Inu (CRYPTO: SHIB) ecosystem. The metaverse is set to open by December 2023 and will feature 100,595 plots of land minted by users.

SHIB Metaverse To Usher In Bold Era Of Crypto Gaming And Passive Earnings

The metaverse is unlikely to be fully completed on release as it will be an “ongoing project,” developers said.

Shiba Inu's Metaverse Will Partially Open by 2023-End, Developers Say

Dogecoin was consolidating in today's session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged. Dogecoin (DOGE) Dogecoin (DOGE) moved marginally higher on Monday, as prices began to settle following recent volatility.

Biggest Movers: DOGE, SHIB Consolidate to Start the Week

The price of Shiba Inu (SHIB) is bearish, although it is limited by the moving average lines.

Shiba Inu Fluctuates As It Holds Over $0.00001082

A deep-pocketed crypto trader is accumulating hundreds of billions of Shiba Inu (SHIB) as the dog-themed meme asset sees a massive jump in its token-burning rate.

Massive Shiba Inu Whale Accumulates 148,782,308,867 SHIB As the Dogecoin Rival's Burn Rate Explodes Over 35,000%

A crypto-friendly travel firm is rolling out a new affiliate program for holders of Shiba Inu (SHIB), a popular Dogecoin (DOGE) competitor. In a new announcement, travel giant Travala says that holders of Shiba Inu can join their affiliate program, which would have members earn a percentage of the bookings of each person they invite.

Crypto-Friendly Travel Company Launches New Program for Shiba Inu (SHIB) Holders

Memecoins outperformed the broader crypto markets in recent days, but there may be cause for caution ahead as some warn of imminent profit-taking.

News for Shiba Inu Crypto (SHIB)