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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 (CRYPTO: SHIB) burn rate spiked to 2400% in the last 24 hours, on the news of the much-awaited layer-2 blockchain Shibarium release. What Happened: Shytoshi Kusama, lead developer of the Shibarium project, on Sunday said in a blog post that users will have the ability to build decentralized applications (dApps) on the Shibarium chain and integrate businesses on it.

Shiba Inu Burn Rate Rockets 2400% After Shibarium Goes Live

Trillions of Shiba Inu (SHIB) tokens are no longer under the control of crypto whales following the highly anticipated launch of Shibarium in its beta form. Leading analytics firm IntoTheBlock reveals Shiba Inu whale balances have declined from 670.9 trillion to 660.

10,000,000,000,000 Shiba Inu (SHIB) Leaves Large Ethereum Wallets Amid Launch of Shibarium Beta

On Saturday, pseudonymous Shiba Inu (CRYPTO: SHIB) developer Shytoshi Kusama announced the beta version of the highly anticipated layer-2 scaling solution Shibarium. In a blog post, Kusama said that early beta testers can now use the testnet, which uses tokens called Puppynet that are not in any way investments.

Shiba Inu's Much-Hyped Shibarium Officially Launches In Beta Form

Pseudonymous developer Shytoshi Kusama is giving the crypto community a teaser as the Shiba Inu (SHIB) ecosystem gears up to showcase its metaverse project. Shytoshi Kusama has unveiled an image that will serve as Shiba Inu's entry to the best movie poster competition at the 2023 SXSW music and film festival in Austin, Texas.

Shiba Inu Developer Reveals First Look at Coming SHIB Metaverse

Ethereum

One of the largest Ethereum (ETH) whales in existence is turning heads, shifting over a quarter of a billion Shiba Inu (SHIB) tokens in one massive transaction. Blockchain-tracking service Etherscan shows that a crypto whale relocated 258,837,671,569 SHIB worth over $2.

Ethereum Whale Moves 258,837,671,569 Shiba Inu (SHIB) in One Massive Transaction: On-Chain Data

The price of Shiba Inu (SHIB) is still in the downtrend zone.

Shiba Inu Holds Above $0.00001000 And Corrects Upward

A beta version of Shiba Inu's (SHIB) highly anticipated layer-2 scaling solution Shibarium is officially live. The pseudonymous developer in charge of the project, Shytoshi Kusama, says his team has flipped the switch and early beta testers can now use the testnet.

Shiba Inu's Highly Anticipated Shibarium Officially Launches in Beta Form – Here's How To Test the Ethereum Scaling Protocol

On-chain analytics indicate that the now-bankrupt Voyager has been steadily selling various assets, including Ethereum and Shiba Inu.

Voyager Liquidates $56M in Ethereum, SHIB, and Other ERC-20 Tokens

New data reveals that bankrupt crypto lender Voyager Digital just moved hundreds of billions of meme token Shiba Inu (SHIB) from Coinbase. According to the blockchain-tracking platform Lookonchain, Voyager's most recent sell off includes the liquidation of 400 billion SHIB worth about $4.4 million.

Voyager Liquidates 400,000,000,000 Shiba Inu on Coinbase As the Embattled Lender's Selling Spree Gathers Steam

Bitcoin

A key altcoin in the Shiba Inu (SHIB) ecosystem is coming to a crypto exchange backed by Tron (TRX) founder Justin Sun.

Shiba Inu (SHIB) Ecosystem Altcoin Adds New Crypto Exchange, Outperforms Bitcoin and Ethereum

Shiba Inu (CRYPTO: SHIB) is trading lower by roughly 5.02% to $0.00001050 during Thursday's session. The broader cryptocurrency market is experiencing marked weakness as Silvergate Capital Corp's planned liquidation has weighed on banks with crypto exposure.

Why Shiba Inu Is Falling Sharply

Shiba Inu (CRYPTO: SHIB) ecosystem token Bone Shibaswap (CRYPTO: BONE) is up 7% in the last seven days, topping CoinMarketCap's weekly gainer list. What Happened: BONE surged after SHIB developers said on Wednesday that the much-awaited Shibarium blockchain is set to release its beta version for the layer 2 network this week.

Shiba Inu Ecosystem Token Surges With 7% Weekly Gains, Ripple Follows Close Behind To Move Up The Chart

Xrp rose higher for a third straight session on Wednesday, as prices moved to a two-week high. The rise comes despite market sentiment remaining largely bearish, with the global market cap trading 1.29% lower as of writing. Shiba inu also climbed higher in today's session.

Biggest Movers: XRP Hits 2-Week High, SHIB Marginally Higher

The world's largest crypto exchange is expanding its proof-of-reserves system, detailing its eye-popping holdings of the popular altcoin Shiba Inu (SHIB). In a new blog post, Binance says that it holds more than $63 billion worth of crypto assets on behalf of its users.

78,546,133,520,601 Shiba Inu Worth $863,000,000 Now Held By Binance on Behalf of Crypto Investors

Ecosystem tokens jumped following confirmation from Shibarium developers.

Shiba Inu Layer 2 Blockchain Shibarium to Release Beta Version This Week

Shiba Inu's highly anticipated layer-2 scaling solution Shibarium is nearly ready for launch. Shibarium's official Twitter account says the countdown is now on, and liftoff for a beta version of the platform will happen this week.

Shiba Inu's Shibarium Says Public Beta Launch Imminent As Bone ShibaSwap (BONE) Skyrockets

Bone ShibaSwap (BONE), the governance token of the Shibaswap ecosystem spiked nearly 12% on Tuesday night to emerge as the top 24-hour cryptocurrency gainer beating the likes of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and bellwether meme coin Dogecoin (CRYPTO: DOGE).

Shiba Inu Governance Token Rallies Nearly 12% Amid Bitcoin, Ethereum, Dogecoin Weakness

A popular Shiba Inu (SHIB) developer is warning that some Shibarium crypto projects are exploiting his credibility for their own designs. The developer pseudonymously known as Shytoshi Kusama tells his 900,300 Twitter followers that he will cease following Shibarium projects on social media as it is being misconstrued as a vote of confidence.

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Dogecoin

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are all trading lower going into the close of Tuesday's U.S. trading session.

Why Bitcoin, Ethereum, Dogecoin And Shiba Inu Are Falling

Coinbase product strategy and business operations director Conor Grogan has discovered an eyebrow-raising name linked to the mysterious creator of the crypto asset Shiba Inu (SHIB). In a series of tweets, Grogan says a wallet directly connected to Shiba Inu's creator has an interesting account name on the NFT trading platform OpenSea.

Coinbase Executive Discovers Potential Clue to Identity of Mysterious Shiba Inu Creator

One of the largest Shiba Inu (SHIB) whales in existence just surfaced as Bitcoin and the crypto markets at large coil up for their next big move. The whale tracking platform WhaleStats was first to identify a huge crypto transfer shifting 200,899,251,805 SHIB worth $2,207,882 in a single transaction.

Shiba Inu Whale Moves 200,899,251,805 SHIB in a Single Transaction as Bitcoin and Crypto Markets Search for Support

Shiba Inu (SHIB) has cemented its status as the largest altcoin holding among the 500 biggest whales on the Ethereum (ETH) network, according to the blockchain tracking service WhaleStats. Over $606.3 million in SHIB, representing about 54 trillion tokens at current prices, are sitting in the deep-pocketed investor's wallets.

54,308,468,786,386 Shiba Inu (SHIB) Now in Hands of World's Largest Ethereum Whales

The lead developer of Shiba Inu (SHIB) is addressing how the new SHIB Portal could boost the progress of the ecosystem's upcoming layer-2 project.

Lead Shiba Inu Developer Explains How Shiba Inu (SHIB) Portal Could Boost the Progress of Much-Hyped Shibarium

Former President Donald Trump took the spotlight this weekend with a video released on social media platform Rumble and his address to the Conservative Political Action Committee conference on Sunday. Here's a recap of a few major headlines that hit the wire over the weekend.

China Boosts Defense Spending, Shiba Inu Update, O'Leary's Life Lesson Draws Criticism And More: 5 Weekend Stories You May Have Missed

Investors in one Shiba Inu-related altcoin are now significantly outpacing those who hold Shiba Inu (SHIB) itself. The analytics firm IntoTheBlock says the majority of Bone ShibaSwap (BONE) investors are currently “in the money” and enjoying profits. According to IntoTheBlock, 56,370 BONE addresses are in the green, representing nearly 75% of all Bone ShibaSwap wallets.

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