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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.

An anonymous Shiba Inu (SHIB) whale is suddenly moving over a trillion SHIB in a single massive transaction. According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted a staggering 2.6 trillion tokens worth about $23 million at time of writing from one unknown crypto wallet to another.

Mysterious Shiba Inu Whale Abruptly Moves 2,673,966,699,162 SHIB in Massive Crypto Transaction

Dogecoin

Floki Inu (CRYPTO: FLOKI), the doge-themed meme coin, has seen its price surge by 11% in the last 24 hours, topping intra-day gains and outpacing rivals Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: FLOKI saw its value surge after being listed on OKX, showing an astonishing 30-day high of $0.00001089, as per Coingecko.

Crypto Named After Elon Musk's Pet Surges 11% Even As Dogecoin, Shiba Inu Slide

Shiba Inu (CRYPTO: SHIB) has been included among the top 10 most traded tokens among the 500 largest Ethereum (CRYPTO: ETH) whales. What Happened: ETH whales possess more than $53 million worth of Shiba Inu, an amount amounting to 2.33% of their holdings.

Shiba Inu Defies Odds To Be Among Ethereum Whale's Top 10 Most Traded Tokens Despite Price Slump

Shiba Inu (CRYPTO: SHIB) was seeing some high volatility during Tuesday's 24-hour trading session, showing comparative weakness to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) to trade in tandem with Dogecoin (CRYTO: DOGE). On Tuesday morning, the U.S. Labor Department printed consumer price index data for the month of November that came in under expectations and showed inflation is slowing.

Dogecoin Killer Shiba Inu, Shows Weakness Compared To Bitcoin, Ethereum: Here's What To Watch For

Baby Doge (CRYPTO: BABYDOGE) has continued to outpace Shiba Inu (CRYPTO: SHIB) in terms of the number of holders, with a growing and passionate community dedicated to its success.  What Happened: According to a recent tweet by BabyDoge burn transactions have seen an increase in new holders.

Baby Doge Army Keeps Growing While Shiba Inu Lags Behind By 500K Holders

Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved lower for four straight sessions, with the latest decline seeing price move below a key support point. Dogecoin was also down, hitting a two-week low earlier today.

Biggest Movers: SHIB Slips to 20-Day Low, DOGE Also Declines

The number of holders of Shiba Inu (CRYPTO: SHIB) has increased by 7,807 to a total of 1,251,237 since the start of December. What Happened: According to Etherscan data, in December, SHIB saw an average of 643 new holders added daily.

Shiba Inu Holders Rise By Over 7,000 After Nov Exodus As Whales Keep Faith

The meme coin economy has seen its value increase 7.77% against the U.S. dollar during the last month, as the meme token market leader dogecoin jumped 29.4% higher in 30 days. Dogecoin has also managed to move from the ninth-largest market cap position to the eighth-largest crypto market valuation this past month.

Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in 30 Days

A deep-pocketed crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction. According to whale-surveying platform Whale Alert, the wealthy investor abruptly transferred a staggering 2.87 trillion SHIB worth just over $26 million from an unknown wallet to another unknown wallet.

Shiba Inu Whale Abruptly Moves 2,871,107,065,473 SHIB in One Massive Crypto Transaction

Shiba Inu (CRYPTO: SHIB) was sliding over 2% lower during Wednesday's 24-hour trading session, in sympathy with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), which were slipping 2%, 3% and 4%, respectively. On Tuesday, WhaleStats tweeted that Shiba Inu is among the top 10 cryptos that have been purchased by the 5,000 biggest Ethereum whales, along with Polygon (CRYPTO: MATIC).

Dogecoin Rival Shiba Inu Climbs Up From This Pattern, Prints A Bounce Indicator: What's Next?

Shiba Inu (CRYPTO: SHIB), the second largest canine-themed cryptocurrency, has made its way into the top ten most-bought cryptocurrencies by whales on the Ethereum (CRYPTO: ETH) network. What Happened: On Tuesday, WhaleStats tweeted that SHIB is among the ten cryptos most purchased tokens by the 5,000 biggest ETH whales.

Shiba Inu Among Top 10 Crypto Purchases By Ethereum Whales: Which Others Made It To The List?

The World Economic Forum (WEF) denies it invited Shiba Inu to work with it on global metaverse policy following claims that it had from the memecoin's dev team last week. The post WEF denies it asked Shiba Inu to work with them on metaverse global policy appeared first on The Block.

WEF denies it asked Shiba Inu to work with them on metaverse global policy

A crypto whale is abruptly moving a staggering amount of Dogecoin (DOGE) competitor Shiba Inu (SHIB) in one massive transaction. According to new data from blockchain search engine Etherscan, the deep-pocketed trader moved 1.29 trillion SHIB worth about $12 million at time of writing from one unknown wallet to another.

Mysterious Whale Moves 1,296,926,801,221 Shiba Inu (SHIB) in Massive Crypto Transaction

Shiba Inu (CRYPTO: SHIB) was trading flat during Tuesday's 24-hour trading session, left behind by Dogecoin (CRYPTO: DOGE), which was spiking over 6% higher as it attempted to break up from a double inside bar pattern that Benzinga pointed out on Monday. The two Shiba Inu-based cryptocurrencies have been trading in uptrends since Nov. 22, but Dogecoin has shown comparative strength, soaring about 40% higher, while Shiba Inu has rebounded a more conservative 11%.

Shiba Inu Lags Dogecoin, But Here's Why The Crypto Could Catch Up

Shiba Inu (CRYPTO: SHIB) has seen 100% weekly burns in the past week, as investors seek to reduce the supply of the coin in a bid to drive up prices. What Happened: According to the Shibburn Twitter account, 223,264,370 SHIB tokens were burned and 51 transactions were made in the last seven days.

Shiba Inu Sees 100% Weekly Burns As Whales Stack Up $66M

Bitcoin

Ethereum

Polygon

Crypto insights firm IntoTheBlock finds that the majority of those invested in leading meme token Dogecoin (DOGE) are in profit while holders of other large crypto assets are weathering losses. At time of writing, 57% percent of all DOGE holders are in profit, while 37% are underwater and 6% are breaking even.

Most Dogecoin Holders in Profit As Bitcoin, Ethereum, Shiba Inu, Polygon Investors Nurse Losses: IntoTheBlock

Solana

The market cap of popular cryptocurrency Solana (CRYPTO: SOL) and meme coin Shiba Inu (CRYPTO: SHIB) has slipped below that of Dogecoin (CRYPTO: DOGE) relative Litecoin (CRYPTO: LTC). What Happened: At the time of writing, LTC was at 13 in terms of market capitalization, while SHIB ranked 14th in the list and SOL was at 16, according to CoinMarketCap's top 100 list of cryptocurrencies.

Solana, Shiba Inu Market Cap Shrinks Below This Dogecoin 'Relative' Amid Chaotic Market Conditions

Shiba Inu (CRYPTO: SHIB) and Baby Doge Coin (CRYPTO: BABYDOGE) were both trading slightly lower during Friday's 24-hour trading session, in continued consolidation after the FTX debacle and resulting bankruptcy sent the wider crypto sector plunging on Nov. 8 and Nov. 9. Shiba Inu and Baby Doge Coin have traded in tandem with Dogecoin (CRYPTO: DOGE), settling into triangle patterns, which could also be considered bear flag patterns when paired with the FTX-induced decline.

Chart Wars, Canine Edition: Will Shiba Inu Or Baby Doge Coin Break From This Pattern First?

Shiba Inu (CRYPTO: SHIB) suffered some volatility during Monday's 24-hour trading session, whipsawing up and down between $0.00000854 and $0.0000094. The volatility was instigated by Binance CEO and founder Changpeng "CZ" Zhao, who took to Twitter to try and calm investor fears over the liquidity crisis caused by the decimation of Sam Bankman-Fried's FTX trading platform last week.

'Dogecoin Killer' Shiba Inu Steadies After Increasing Volatility: A Look At The Trading Patterns

Kris Marszalek, CEO of cryptocurrency exchange, Crypto.com, tweeted on Friday that the company is working with Nansen to create a simple dashboard to show “a full audited proof of reserve.” Nansen tracked all wallets related to Crypto.com to show this dashboard view of the Crypto.com reserve.

20% Of Crypto.com Reserves Are On This Meme Coin

Amid questions over holdings, Crypto.com shares its data—and a major meme token makes up a big chunk of its reserves.

Crypto.com Holds 20% of Its Reserves in Meme Token SHIB

Shiba Inu (CRYPTO: SHIB) swung wildly between 9 a.m. and 10 a.m.

Shiba Inu Swings Violently With Bitcoin, Ethereum Following FTX Bankruptcy: What's Happening?

Deep-pocketed Shiba Inu (SHIB) investors are moving hundreds of billions of the dog-themed meme token amid the turmoil in the crypto market. Citing data from Ethereum (ETH) analytics platform Etherscan, Shiba Inu burn project ShibaPlay says crypto whales transferred a total of 877 billion SHIB tokens worth $7.8 million in a series of transactions.

Whales Move 877,000,000,000 Shiba Inu (SHIB) in Series of Massive Crypto Transactions Amid Extreme Market Volatility

Shiba Inu (CRYPTO: SHIB) is lower by some 6.31% to $0.00000936 Wednesday morning. Shares of several altcoins are trading lower following a CoinDesk report suggesting Binance is leaning toward scrapping the FTX acquisition.

Why Dogecoin Rival Shiba Inu Is Extremely Volatile Today

Dogecoin (CRYPTO: DOGE) and Shiba Inu's (CRYPTO: SHIB) popularity skyrocketed beginning in early 2021 in the midst of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) enjoying long bull cycles. The cryptos, both with Shiba Inu dogs as their logos, surged in price.

News for Shiba Inu Crypto (SHIB)