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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.

A crypto whale is abruptly moving trillions of Shiba Inu (SHIB) tokens as the dog-themed crypto asset prepares to unveil its new metaverse at SXSW. According to the whale-surveying platform Whale Alert, a staggering 3,323,256,285,484 SHIB worth $30.48 million at time of writing were transferred from one unknown wallet to another.

Whale Moves 3,323,256,285,484 Shiba Inu (SHIB) As Crypto Project Prepares To Showcase New Metaverse

Ethereum Classic

Shiba inu was one of Friday's biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high.

Biggest Movers: SHIB Hits 6-Week High, ETC Extends Recent Gains

Dogecoin

Most holders of the meme token Dogecoin (DOGE) are sitting on profits, but the majority of rival meme token Shiba Inu (SHIB) owners are in the red even though the crypto markets are rallying. According to blockchain analytics firm IntoTheBlock, 59% of DOGE holders are profitable in their investments while 35% are not.

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

Bonk

Solana

Distraught, disgusted, and jaded. Solana's popularity took a hit when reports of possible fraud at Sam Bankman-Fried's then-behemoth crypto exchange FTX first came to light.

Inside Bonk Inu: How 22 Developers Put the Shiba Inu Fun Into Solana and Away From FTX

Shiba Inu (CRYPTO: SHIB) is up 3%, bettering gains clocked by Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON) in the last 24 hours. What Happened: The rally can be attributed to two major reasons.

'Dogecoin Killer' Spikes 3% On Ethereum Whales' Push As Other Meme Coins Play Catch-Up

An affluent crypto investor just moved a large amount of Shiba Inu (SHIB) coins as the dog-themed digital asset gains popularity on exchanges. According to blockchain tracking service Whale Alert, the unknown whale transferred 3,333,256,285,484 SHIB worth $30,262,633 at time of the transaction on January 10th.

Shiba Inu Whale Moves 3,333,256,285,484 SHIB in One Massive Transaction – Here's Where the Crypto Is Going

Shiba Inu (CRYPTO: SHIB) topped intra-day gains on Wednesday, rising 5% and beating top meme coins by market capitalization such as Dogecoin (CRYPTO: DOGE) and Dogelon Mars (CRYPTO: ELON).

Dogecoin 'Killer' Soars 5% To Top Meme Coin Gains: What's Driving It?

The world's largest crypto exchange by volume is staking trillions of Shiba Inu (SHIB) tokens as the dog-themed asset provides updates on its upcoming layer-2 project.

Binance Stakes 4,000,000,000,000 Shiba Inu (SHIB) As Project Details Update on New Layer-2 Blockchain

Meme cryptocurrency Shiba Inu (CRYPTO: SHIB) is up 5.98% in the last 24 hours surpassing Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) gains. What Happened: SHIB, known as the "Dogecoin (CRYPTO: DOGE) killer", has seen an unprecedented surge in value after a large crypto investor transferred a multi-million-dollar sum of the crypto.

Shiba Inu Chews Away Bitcoin, Ethereum's Bones With 6% Surge

Shiba inu moved to a five-week high during Tuesday's session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today's session, as it rose to its strongest point since November.

Biggest Movers: SHIB Surges to 5-Week High, APE up for Fifth Straight Day

The Shibu Inu (SHIB) ecosystem is teasing an announcement featuring North American luxury firm Bugatti Group. A tweet from the Shibu Inu ecosystem's social media account says the announcement will be coming over the “next few days.

Shiba Inu (SHIB) Hints at Potential Partnership With Luxury Brand Bugatti Group

Deep-pocketed Shiba Inu (SHIB) and XRP holders were active over this weekend, mysteriously shuffling crypto assets worth tens of millions of dollars. First reported by blockchain tracking service Whale Alert, on-chain data shows that a crypto whale transferred 3.35 trillion SHIB tokens between two wallets of unknown origins.

Shiba Inu (SHIB) and XRP Whales Abruptly Move Over $116,000,000 Worth of Crypto Assets Over the Weekend

Shiba Inu (CRYPTO: SHIB) soared in the early hours of Monday after hinting at a possible partnership with the Bugatti Group. What Happened: Both Bugatti and SHIB have remained silent about the specifics of the upcoming collection, yet a promotional video posted gives the idea that the luggage, handbags, and accessories to be sold will be Shiba Inu-themed.

Shiba Inu Soars 5% After Teasing Merchandise Tie-Up With Bugatti Group

A crypto whale is suddenly moving more than $28.7 million in Shiba Inu (SHIB) as the network is expected to soon undergo a layer-2 upgrade. According to blockchain tracker and whale-surveying platform Whale Alert, an unknown wallet sent more than 3.37 trillion SHIB to another unknown wallet.

Mysterious Crypto Whale Abruptly Moves 3,373,256,285,484 Shiba Inu (SHIB) in One Massive Transaction

Bone ShibaSwap (BONE) is rapidly rising in value as it becomes the only utility token for use in the Shiba Inu (SHIB) ecosystem. The soon-to-launch Shibarium blockchain, the expected layer-2 upgrade of the Shiba Inu network, is selecting BONE for its utility token to use for blockchain transaction fees and for other activities.

Shiba Inu (SHIB) Ecosystem Altcoin Rises Over 40% in One Week Amid Selection As the Network's Sole Utility Token

Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday's U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today's gains.

Biggest Movers: DOGE, SHIB Surge to Multi-Week Highs on Thursday

Shibarium's central token BONE (CRYPTO: BONE) rose more than 18%, reaching the $1 mark early on Thursday morning. What Happened: At the time of writing, BONE was trading at $1.10.

Shibarium Central Token Rallies 18%, Leaving Shiba Inu And Dogecoin In The Dust

As we approach the end of 2022, meme coin investments have taken off in a big way. Dogecoin (CRYPTO: DOGE) has emerged as the clear leader amongst investors, with a market cap of a phenomenal $10.71 billion.

Dogecoin, Shiba Inu Or Baby Doge? Who Won Investor's Support In 2022's Battle Of Meme Coins

One of the key developers behind meme crypto Shiba Inu (SHIB) is hinting that the release of the much-anticipated SHIB layer-2 blockchain is near. The pseudonymous developer known as Shytoshi Kusama tells his 864,000 Twitter followers that Shibarium will be arriving “very soon.” “Happy Holidays to more than half the world.

Shiba Inu (SHIB) Developer Hints at Imminent Release of Highly Anticipated Layer-2 Solution Shibarium

Meme token Shiba Inu (SHIB) is among the top three most watched cryptocurrencies in 2022 on the world's largest crypto exchange. The other two are king crypto Bitcoin (BTC) and leading smart contract protocol Ethereum (ETH), Binance says in a new announcement.

Meme Altcoin Shiba Inu (SHIB) One of the Most Watched Cryptocurrencies This Year on Binance

Shiba Inu (CRYPTO: SHIB) was trading slightly lower during Monday's 24-hour trading session but showing strength in comparison to Dogecoin (CRYPTO: DOGE), which was tumbling over 8% to lose support at the 200-day simple moving average. Earlier in the session, Shiba Inu popped up about 2.5% but was unable to break above Sunday's high-of-day due to bearish price action in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were declining in tandem with the S&P 500.

Shiba Inu Shows Strength Compared To Dogecoin, Settles Into This Pattern: What To Watch For

According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter.

SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent

Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week's lows. Today's surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing.

Biggest Movers: SHIB, XMR Extend Recent Gains on Monday

Shiba Inu (CRYPTO: SHIB) was among the three most popular cryptocurrencies on Binance in 2022, even as the more popular meme coin Dogecoin (CRYPTO: DOGE) missed out. What Happened: Two other cryptocurrencies that were most popular in Binance were Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Dogecoin Misses Out But This Rival Meme Coin Was Among Top 3 Most Popular Cryptos On Binance In 2022

The official Twitter handle of Shiba Inu (CRYPTO: SHIB) hints at a "special countdown" for its community, with fans speculating about the release of the Shibarium ecosystem. What Happened: Shiba Inu's official Twitter account on Sunday shared a link to a website featuring a countdown timer along with a picture of a canine gazing out the window in the darkness.

News for Shiba Inu Crypto (SHIB)