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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

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

Ethereum

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

Bitcoin

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.

Shiba Inu and Rival That's Up 520% This Year Become Top Two Trending Coins on Binance As Crypto Markets Pause

The hype over Shiba Inu's layer-2 blockchain Shibarium has obscured another big development in the works for the Dogecoin competitor – the coming launch of two new ecosystem tokens. Lead developer Shytoshi Kusama says one incoming addition to Shiba Inu's ecosystem is a rewards-based token called Treat (TREAT).

New Shiba Inu (SHIB) Altcoins Quietly Gearing Up for Launch – Here Are the Under-the-Radar Crypto Projects Coming This Year

The price of Shiba Inu (SHIB) is currently in a bearish trend zone.

Shiba Inu Sinks, But Moves In A Bandwidth

Binance.US just ditched a coin that's designed to be mathematically pegged to Shiba Inu, deciding instead to launch full support for the native crypto asset SHIB.

Binance.US Launches Full Support for Shib Inu (SHIB) – Is Bone ShibaSwap (BONE) Next?

A Shiba Inu (SHIB) and Dogecoin (DOGE) competitor is announcing a new partnership with the Binance Chain's biggest lending protocol. The team behind Floki (FLOKI) says that the crypto project is collaborating with the Venus Project, the second-largest decentralized finance (DeFi) ecosystem on the BNB Chain.

Shiba Inu (SHIB) and Dogecoin (DOGE) Competitor Partners With Binance Chain's Largest Lending Protocol

A mysterious whale is accumulating Shiba Inu (SHIB) in large amounts as the crypto project prepares a big ecosystem update. The whale in question has added 384,570,786,965 SHIB worth $5.05 million in the last 10 days – and now holds a grand total of 19,420,099,565,898 SHIB worth $255.56.

384,565,119,597 Shiba Inu (SHIB) Transferred to Mystery Crypto Whale in Span of 10 Days

Bone Shibaswap (CRYPTO: BONE) is up 6% in the last 24 hours, outperforming the top five meme coins by market capitalization. What Happened: At the time of writing, BONE was trading at a high of $1.97, on its way to breaching the $2-mark.

Shiba Inu Ecosystem Token Leaves Dogecoin, Floki In The Dust With 6% Surge Ahead Of Shibarium Launch

A key altcoin in Shiba Inu's (SHIB) ecosystem is slated to be listed on Gate.io, according to an update from the crypto exchange. Gate.io, a top 20 exchange with over $800 million in 24-hour trading volume, updated its trading page for ShibaSwap (BONE) on Thursday with a countdown to when the altcoin will go live.

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