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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's rate of token burns has skyrocketed nearly 8,000% as the SHIB community welcomes yet another listing from a major crypto exchange. According to Shibburn, which keeps track of SHIB burning, the burn rate suddenly exploded 7,900% on Friday as 43 million tokens were burned in a single day.

Shiba Inu (SHIB) Burn Rate Explodes Nearly 8,000% As Dogecoin Rival Gets Surprise Listing from Major Exchange

Bitcoin

Ethereum

Solana

While cryptocurrencies are no stranger to sudden market movements and volatility, the latest market shake-up has left many in the industry reeling. A large red bar appeared on trading charts of major cryptocurrencies on Friday, with their values plummeting by hundreds of millions of dollars within hours.

Bitcoin, Ethereum, Solana And Shiba Inu Drop: Major Reasons For Growing Fear In Crypto

A gaming altcoin backed by digital asset exchange Binance is throwing its weight behind the much-anticipated crypto project Shibarium. VOXEL, the native asset of the tactical RPG game Voxie Tactics, says it's championing the vision of lead Shiba Inu (SHIB) developer Shytoshi Kusama of creating a decentralized Shibarium that embraces every other crypto project.

Shiba Inu's Highly Anticipated Shibarium Earns Support From Binance-Backed Gaming Altcoin

WhaleStats has reported that the top 2000 Ethereum (CRYPTO: ETH) whales hold $606,553,503 worth of  Shiba Inu (CRYPTO: SHIB).  The top 2000 #ETH whales are hodling $606,553,503 $SHIB $167,714,936 $MATIC $155,922,150 $BEST $149,437,264 $LINK $131,748,690 $CHSB $96,219,283 $UNI $70,172,580 $LOCUS $69,722,963 $MANA Whale leaderboard https://t.co/R19lKnPlsK pic.twitter.com/EI2yxT9IDy — WhaleStats (tracking crypto whales) (@WhaleStats) March 3, 2023 According to Whale Alert, Shiba Inu has become the most traded token among the top ETH whales, beating out Chainlink (CRYPTO: LINK).

Shiba Inu Becomes Most Traded Token Among Largest Ethereum Whales: Here's How Much SHIB They're Holding

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

Shiba Inu Recovers Above Historical Price Level Of $0.00001085

A key Shiba Inu (SHIB) developer is hinting that the ecosystem's new layer-2 project is nearly finished and ready for launch. Pseudonymous developer Shytoshi Kusama tells his 896,000 Twitter followers that the team is listening to a song on repeat while they add the finishing touches to Shibarium, the protocol's highly-anticipated project.

Shiba Inu Developer Drops Big Clue on Progress of Highly Anticipated Crypto Project Shibarium

The largest Ethereum (ETH) whales are now holding more than $600 million worth of Shiba Inu (SHIB) as the meme token is attracting more developer interest. According to crypto whale tracker Whale Alert, the most valuable token holdings among the 2,000 largest ETH whale holders is $606,553,503 worth of SHIB.

Over $600,000,000 in Shiba Inu (SHIB) Now Held by Largest Ethereum (ETH) Whales, According to WhaleStats

Dogecoin

Dogecoin dropped to its lowest level since January, as a red wave swept through cryptocurrency markets. The Silvergate bank based sell-off has impacted overall sentiment, with the global crypto market cap down 3.63% as of writing. Shiba inu also dropped, falling to a six-week low.

Biggest Movers: DOGE, SHIB Fall to Lowest Levels Since January

A new portal designed to serve as a hub for developers, entrepreneurs and community members interested in joining the Shiba Inu (SHIB) ecosystem is witnessing a crush of interest. The ‘Join Shibarium' portal launched on Sunday, inviting anyone interested in Shiba Inu's layer-2 blockchain to apply and get in touch.

Flurry of Interest Rocks Shiba Inu Ecosystem As Thousands Apply for Shibarium

One of the largest exchanges in the US is adding support for a crypto asset that will play a key role in Shiba Inu's ecosystem. Crypto.com has just added Bone ShibaSwap (BONE) to its lineup of altcoin listings.

Crypto Giant Adds Support for Explosive Shiba Inu Altcoin as Shibarium Approaches

Distressed cryptocurrency lender Voyager Digital (CRYPTO: VGX) is bolstering its liquidity by transferring large amounts of digital assets to Coinbase (NASDAQ: COIN). What Happened: Data from blockchain intelligence firm PeckShield on Wednesday revealed a major outflow of 300 billion Shiba Inu (CRYPTO: SHIB) worth approximately $3.85 million, Ethereum (CRYPTO: ETH) worth $6.6 million, and $2 million Voyager Token (CRYPTO: VGX) to Coinbase, presumably for selling purposes.

Voyager Continues Selling Frenzy With $12M Transfer In Shiba Inu, Ethereum, Native Token To Coinbase

Polygon

Trading giant Robinhood is launching its new crypto wallet on Apple's mobile operating system with support for a handful of prominent altcoins.

Robinhood Launches New Crypto Wallet on iOS With Support for Shiba Inu (SHIB), Polygon (MATIC) and Others

Bankrupt crypto lender Voyager is sending large amounts of crypto assets to Coinbase as the firm continues to deal with its distressed balance sheet. According to blockchain intelligence firm Arkham, Voyager has been selling roughly nine figures worth of its assets each week. Among Voyager's biggest holdings are Ethereum (ETH), USDC, and Shiba Inu (SHIB).

300,000,000,000 Shiba Inu (SHIB) Sent to Coinbase As Bankrupt Lender Empties $700,000,000 Holdings: On-Chan Data

Shiba Inu (CRYPTO: SHIB) was edging over 2% higher during Wednesday's 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC), which was rising by about the same amount. Shiba Inu, dubbed the “Dogecoin killer,” was outpacing Dogecoin (CRYPTO: DOGE) and attempting to regain the 50-day simple moving average (SMA) as support after breaking down bearishly from a triangle pattern, which Benzinga said to watch for to determine future direction on Feb. 23.

Shiba Inu Outpaces Dogecoin, Rises With Bitcoin To Trade In Tandem With Gold: What's Next?

Lead Shiba Inu (SHIB) developer Shytoshi Kusama is providing fresh details on a native altcoin that's in the works for the Dogecoin (DOGE) rival. Shiba Inu influencer LucieSHIB is posting responses from Shytoshi Kusama on the timeline for the launch of Treat (TREAT).

SHIB Developer Shytoshi Kusama Reveals New Details on Secretive Shiba Inu Altcoin

On-chain data shows that trillions of Shiba Inu (SHIB) tokens remain in the reserves of bankrupt crypto lender Voyager. The blockchain-tracking firm Lookonchain says Voyager's reserves amount to $631 million worth of crypto, including $81 million worth of the top meme altcoin SHIB. “And Voyager currently holds ~$631 million assets.

6,500,000,000,000 Shiba Inu Worth $81,000,000 in Bankrupt Crypto Lender Voyager Reserves: Analytics Firm

Blockchain transaction data by Arkham Intelligence shows that Voyager Digital transferred some $121 million of crypto assets to exchanges in February and received some $150 million in USDC stablecoin in the last four days.

Crypto Broker Voyager Digital Sends $121M in Crypto to Exchanges, Sells Ether, Shiba Inu Holdings

Litecoin

Shiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high.

Biggest Movers: SHIB, LTC Marginally Higher During Volatile Start to the Week

On-chain data shows a savvy crypto whale in the Shiba Inu ecosystem is making moves that previously preceded major volatility for SHIB. First reported by blockchain tracking firm Lookonchain, data from the Ethereum (ETH) blockchain indicates that a “smart money” SHIB whale has just moved 182,214,438,344 SHIB to two different crypto exchanges.

‘Smart Money' Shiba Inu Whale Suddenly Transfers 182,214,438,344 SHIB to Crypto.com and Gemini: On-Chain Data

Dogecoin (DOGE) rival Shiba Inu (SHIB) is experiencing a wave of fundamental strength as its community braces for the release of Shibarium, the highly anticipated layer-2 specially designed for the ecosystem.

Shiba Inu (SHIB) Addresses Shatter All-Time Highs Above 3,145,000 As Shibarium Prepares for Liftoff

The shiba inu price slid 7% the last time the holder transferred the token to an exchange, data shows.

Shiba Inu Investor Transfers Tokens to Exchanges, Possibly Foreshadowing Price Drop

Shiba Inu (CRYPTO: SHIB) is up 3.12% in the last 24 hours, after Shytoshi Kusama, the lead developer of SHIB, released a new network adoption portal, 'Join Shibarium', on Sunday.  What Happened: Kusama invited everyone looking to contribute to the Shiba Inu layer-2 network Shibarium to join the 'Join Shibarium' portal.

Shiba Inu Surges 3% After Shibarium Portal Launch, Shytoshi Kusama's 'Important' Reminder

The team building Shiba Inu's highly anticipated layer-2 blockchain Shibarium has released a portal dedicated to boosting adoption of the new network. The ‘Join Shibarium' portal is designed to be a hub for developers, content creators, business owners and job seekers looking to contribute to the Shiba Inu ecosystem.

Shiba Inu Launches Shibarium Portal to Boost Adoption, Warns Crypto Traders to Avoid Beta Tokens

A Shiba Inu (SHIB) competitor has rallied under the radar leading to the announcement of a major crypto exchange enabling perpetual contracts for the dog-theme crypto asset. On Friday, Dubai-based crypto exchange Bybit revealed that it added support for Floki Inu (FLOKI) perpetual contracts with up to 12.5x leverage.

Shiba Inu (SHIB) Rival Rallies Over 40% Prior to Announcement of Major Exchange Listing for Perpetual Contract

Dogecoin (DOGE) rival Shiba Inu (SHIB) is the number one trending coin on the world's largest crypto trading platform, closely followed by one of its biggest competitors.

News for Shiba Inu Crypto (SHIB)