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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.

The community of Dogecoin (DOGE) competitor Shiba Inu (SHIB) is petitioning Binance to list a crypto asset that was recently designated as the governance token of its upcoming decentralized finance (DeFi) platform. In a new petition on Change.

Shiba Inu (SHIB) Army Petitions Binance To List Shibaswap (BONE) on World's Largest Crypto Exchange

Polkadot

Shiba inu was one of Friday's biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today's session, despite the global cryptocurrency market cap falling 1.28% at the time of writing.

Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Markets Falling

Dogecoin

A crypto analyst says Elon Musk could cause the meme token Dogecoin (DOGE) to breakout from an enduring resistance level. Pseudonymous analyst Pentoshi tells his 672,200 Twitter followers that the biggest rival to meme token Shiba Inu (SHIB) is showing bullish support that may send it higher.

Elon Musk To Spark Next Dogecoin Rally? Crypto Analysts Look at Catalysts for Shiba Inu's Biggest Competitor

A leading crypto analytics firm finds that meme token Dogecoin (DOGE) experienced the highest number of whale transactions to date this year on January 31st. Data from crypto analytics platform Santiment shows that there were 523 DOGE transactions worth over $100,000 each at the end of January, the highest since November 27th.

Dogecoin Whale Transactions Hit 2023 High Amid Rival Shiba Inu's 40% Year-to-Date Surge: Santiment

A mysterious crypto whale is abruptly relocating trillions of Shiba Inu (SHIB) as the top meme coin gears up for a highly anticipated upgrade. Blockchain-tracking service Whale Alert reveals that the deep-pocketed crypto investor moved 3,272,307,240,798 SHIB worth $38.87 million at time of transfer, from one wallet of unknown origin to another.

Mysterious Shiba Inu Whale Abruptly Shifts 3,272,307,240,798 SHIB in Massive Crypto Transaction

The lead developer behind Shiba Inu's big ecosystem expansion is offering an initial glimpse at some of the first crypto projects that could launch on the network. Shiba Inu is building a layer-2 protocol on Ethereum that's similar in concept to projects like Polygon, Arbitrum and Optimism.

Shiba Inu Teases New Crypto Projects As Dogecoin Rival Prepares to Launch Major Ecosystem Expansion

A top executive of investment firm Cyber Capital says dog-themed meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB) are among the most decentralized digital assets on the market.

Dogecoin and Shiba Inu Among the Most Decentralized Crypto Assets, Says Cyber Capital's Top Strategist

A deep-pocketed crypto trader is suddenly moving more than 3 trillion Shiba Inu (SHIB) ahead of the blockchain project's planned major upgrade. According to new data from the whale-surveying platform WhaleAlert, a crypto whale abruptly shifted a staggering 3,312,307,240,798 SHIB, valued at $38,257,148 at time of writing, from one unknown wallet to another.

Mysterious Crypto Whale Abruptly Moves 3,312,307,240,798 Shiba Inu (SHIB) in Eye-Popping Transaction

Over 3 trillion of Shiba Inu (CRYPTO: SHIB) worth $34.2 million was moved to an unknown wallet late on Thursday. What Happened: This comes just hours later SHIB developer Shytoshi Kusama confirmed in a discord channel that one goal of Shibairum is to burn trillions of SHIB.

3 Trillion Shiba Inu Transferred To Mysterious Wallet After Kusama Confirms Massive Burn Ahead Of Shibarium Launch

A leading cryptocurrency hardware wallet provider plans to support Shiba Inu's (SHIB) major upgrade to the blockchain project. Ledger says plans are already underway to integrate SHIB's layer-2 blockchain called Shibarium, which is expected for release this year.

Largest Crypto Wallets To Support Major Shiba Inu (SHIB) Upgrade As Dogecoin Rival Holds 70% Gains Year-to-Date

Ethereum

Shiba Inu's (CRYPTO: SHIB) rally cooled down after it reached a monthly high of $0.00001251. However, it seems that Ethereum (CRYPTO: ETH) whales are not ready to give up yet.

Shiba Inu Rally Fades — But Ethereum Whales Keep The Faith

One of the largest Ethereum (ETH) whales in existence is filling its bags full of Dogecoin (DOGE) rival Shiba Inu (SHIB) in a big way. According to blockchain tracking service WhaleStats, the large Ethereum whale has accumulated over $228 million worth of SHIB, currently holding more than 18 trillion tokens.

Massive Ethereum Whale Loads Up on Shiba Inu, Accumulates Over $228,000,000 in SHIB: WhaleStats

Recent data from WhaleStats shows that Shiba Inu 's (CRYPTO: SHIB) holdings of Ethereum (CRYPTO: ETH) whales have grown by hundreds of millions of dollars. The WhaleStats data shows that the top 2000 ETH whales have accumulated more than $620 million worth of Shiba Inu, up from $161 million on Jan. 15.

Ethereum Whales Accumulate Over $450M Of Shiba Inu In 1 Week: Here's How Much They're Holding Now

“The Price of Tomorrow” author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates, while buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu.

Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review

New data reveals that the Shiba Inu (SHIB) holdings of the world's largest Ethereum (ETH) whales have grown by hundreds of millions of dollars in less than a week. According to whale-surveying platform WhaleStats, the top 1,000 ETH whales have gobbled up $422 million worth of the meme asset since January 17th.

Ethereum Whales Accumulate Staggering $422,000,000 of Shiba Inu in Less Than One Week: On-Chain Data

Cardano

Bitcoin

Chainlink

Polygon

Uniswap

Analytics platform Santiment says that the two largest meme coins by market cap and seven other crypto assets currently pose a relatively lower risk for investors. Santiment says that based on the market-value-to-realized-value (MVRV) Z-score, Dogecoin (DOGE) and Shiba Inu (SHIB) are undervalued and lower risk. Dogecoin is trading at $0.

Dogecoin, Shiba Inu and Seven Additional Crypto Assets Are Massively Undervalued Based on One Metric: Santiment

Dogecoin (DOGE) rival Shiba Inu (SHIB) is continuing its 2023 price surge this week as it gets a listing on South Korea's top crypto exchange by trading volume.

Dogecoin Rival Shiba Inu (SHIB) Continues Price Surge This Week Amid New Listing on Top South Korean Exchange

An anonymous wallet has burned 10 million Shiba Inu (CRYPTO: SHIB) in one transaction. What Happened:  Over 12.94 million SHIB has been eliminated through ten multiple transactions in the last 24 hours, according to Shibburn.com.

10M Shiba Inu Burnt In Single Transaction From Mysterious Wallet

The price of the dog-themed crypto asset Shiba Inu (SHIB) is rallying after developers announced the upcoming launch of the ecosystem's layer-2 network, but many traders are still in the red. SHIB is up by 37.

Majority of Shiba Inu Holders Sitting on Losses Despite the Dogecoin Rival's 55% Rally in Two Weeks

Meme coins moved lower on Jan. 19, as cryptocurrency markets plunged following recent highs. Shiba inu, which rose to a nine-week high on Wednesday, fell by nearly 10% today. Markets have been largely overbought in the past few days, with bears seemingly reentering. Dogecoin was also in the red today.

Biggest Movers: Meme Coins Move Lower, With SHIB Declining by 10%

A popular analyst and trader warns that the wider crypto market will be affected if meme coins like Shiba Inu (SHIB) explode in price.

Is Shiba Inu (SHIB) About To Explode? Crypto Analyst Issues Warning on Meme Coin Market Shift

Shiba Inu (CRYPTO: SHIB) is 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. 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.

Forget Dogecoin, Shiba Inu Emerges As Favorite Holding Among New Crypto Wallets

Shiba Inu (CRYPTO: SHIB) fell 12% in the last 24 hours, after surging 20% on Tuesday, with Nansen reporting an overwhelming amount of trading on both decentralized and centralized exchanges. What Happened: Data from Coinglass reveals that $4.

Shiba Inu Reverses Course To Fall 12% Amid $4.6M Worth Liquidations

Shiba Inu (CRYPTO: SHIB) traded nearly 5.5% higher over 24 hours leading up to the time of writing at $.00001116.  What happened: SHIB's gains overshadowed those of major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (ETH), which traded in the red at the time of writing.

Shiba Inu Rally Intact Even As Major Cryptos Turn Red — Is Meme Coin Overbought?

Bonk

Despite a massive decline from their all-time highs, the three tokens still have considerable trading volume.

News for Shiba Inu Crypto (SHIB)