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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.

Nearly 200 million Shiba Inu (CRYPTO: SHIB) tokens were sent to the burn wallets on Sunday. What Happened: Data from Shibburn shows that 196,820,007 SHIB tokens were burned over 25 transactions, sending the burn rate up 231% over 24 hours.

Shiba Inu (SHIB) Burn Rate Up 200% As 196M Tokens Sent To Dead Wallets

Popular meme coin Shiba Inu sets sights on expanding its ecosystem with a decentralized stablecoin and a new reward token.

Developers Behind Shiba Inu Tease Launch of New Stablecoin, Reward Token

Trading activity for meme coin Shiba Inu (CRYPTO: SHIB) on Coinbase Global Inc (NASDAQ: COIN) was dominated by “buy orders” on Wednesday. What Happened: According to data from Coinbase, a majority of traders on the exchange were buying SHIB over the last 24 hours.

Shiba Inu (SHIB) Buying Activity Surges To 94% On Coinbase

The project behind the Shiba Inu (CRYPTO: SHIB) meme cryptocurrency has added a new token named "TREAT" to its ecosystem. What Happened: TREAT, a new reward token, was announced by Shiba Inu lead developer Shytoshi Kusama in a July 6 update.

Shiba Inu Plans To Launch New Reward Token 'TREAT:' What You Need To Know

On-chain data shows that a whale sent 20 trillion Shiba Inu (CRYPTO: SHIB) tokens across the blockchain on Monday in what is now confirmed to be the largest SHIB transaction in history. What Happened: According to data from blockchain explorer Etherscan, the 20 trillion SHIB was worth $210 million at the time of the transfer.

20 Trillion Tokens Sent In Largest Ever Shiba Inu (SHIB) Transaction

Dogecoin

On-chain data shows an uptick in address activity for meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: According to data from blockchain analytics tool Santiment, DOGE and SHIB have shown notable increases in network activity over the past few weeks.

Dogecoin, Shiba Inu Network Activity Hits 7-Week High

ApeCoin

Merchants who use a leading cryptocurrency company for their commerce solutions now have the option to accept several additional cryptos for payment. Here are the details.

Merchants Can Now Accept Dogecoin, ApeCoin, Shiba Inu And More Thanks To Coinbase Commerce

Cryptocurrency exchange Crypto.com has removed Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and several other crypto tokens from its Crypto Earn rewards program. What Happened: In an announcement on Monday, the exchange said that 15 tokens would no longer be available.

Dogecoin, Shiba Inu Among Several Tokens Cut From Crypto.com Rewards Program

The Shiba Inu (CRYPTO: SHIB) community has overwhelmingly voted in favor of a proposal to halt the minting of BONE (CRYPTO: BONE) at 230 million tokens. What Happened: According to an update released by the DOGGY DAO on Monday, 97.88% of the community voted in favor of capping BONE so that the remaining 20 million minted tokens can.

Shiba Inu Community Passes Proposal To Halt BONE Farming: What It Means

The crypto exchange is cutting DOGE, SHIB, and 13 other coins from Earn, but adding ZIL, NEAR, and FTM.

Crypto.com Removes Dogecoin, Shiba Inu, Others From Earn Program

SHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing. Shiba Inu (SHIB) SHIB was one of the notable movers in crypto markets […]

Biggest Movers: SHIB Surges 10% on Saturday, as NEAR Hits 2-Week High

The shiba inu crypto community is anticipating the launch of the layer two (L2) scaling solution Shibarium after it was revealed that the public beta will launch in the third quarter. According to shiba inu developers Shytoshi Kusama and Ryoshi, the layer two solution will bring transaction fees down considerably and possibly to zero. Shiba […]

SHIB's Shibarium Public Beta Is Planned for Deployment in Q3

Ethereum (ETH) whales are accumulating Dogecoin (DOGE) competitor Shiba Inu (SHIB) by the billions as the memecoin's trading volume spikes. According to whale-watching platform WhaleStats, the top 100 ETH whales have bought 163.2 billion SHIB during the last 24 hours. The feeding frenzy caused the dog-themed token to crack the list of top 10 crypto […] The post Ethereum Whale Accumulates 163,200,000,000 Shiba Inu (SHIB) As Memecoin Witnesses Trading Volume Spike: On-Chain Analysis appeared first on The Daily Hodl.

Ethereum Whale Accumulates 163,200,000,000 Shiba Inu (SHIB) As Memecoin Witnesses Trading Volume Spike: On-Chain Analysis

Uniswap

Uniswap moved into the crypto top 20 on Wednesday, relegating MATIC, after surging by over 10% today. UNI has now gained for four straight sessions, as it approaches a key resistance point. SHIB was once again higher today, with prices hitting their highest point since May. Uniswap (UNI) UNI was trading higher for a fourth […]

Biggest Movers: UNI Moves Into Top 20, as SHIB Hits Highest Point Since May

Shiba Inu (SHIB) shot up 17.3% over 24 hours to $0.0000096 at press time in the early hours of Wednesday morning.  It gained alongside well-known meme coins including bellwether Dogecoin (CRYPTO: DOGE), which was up 6.1%.

Shiba Inu (SHIB) Surges 17%: Musk's Dogecoin Spillover, Lead Developer Buzz And More Factors

Dogecoin, Shiba Inu Prices Pump as Elon Musk Doubles Down on DOGE

SHIB was trading almost 15% higher during today's session, as its price approached a ten-day high. Its fellow meme coin, DOGE, was also in the green on Tuesday, with prices hitting their highest point since June 12. Shiba Inu (SHIB) SHIB was once again in the green on Tuesday, as it continued to move away […]

Biggest Movers: DOGE, SHIB Near 10-Day Highs, Following Recent Surges in Price

With the overall cryptocurrency market going through a bumpy ride, Shiba Inu (CRYPTO: SHIB) has not been able to show any signs of growth over the last couple of months.  The meme coin is now at its 10-month low and showing no improvement.

Here's Why Americans in 19 States Want To Sell Shiba Inu More Than Other Top Cryptos

Bitcoin

Shiba Inu (CRYPTO: SHIB) was sliding over Thursday in tandem with Dogecoin (CRYPTO: DOGE) and Bitcoin (CRYPTO: BTC). A number of cryptocurrencies, including Dogecoin and Bitcoin, have settled into bear flag patterns on their daily charts and Shiba Inu is no exception.

Shiba Inu Follows Dogecoin, Bitcoin Into This Pattern: What To Watch

Ethereum

Fresh data shows the world's biggest Ethereum (ETH) whales are hoarding meme coin Shiba Inu (SHIB) at an average value of over $3.6 million each. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows the average Shiba Inu holdings are 463.5 billion SHIB tokens […] The post Shiba Inu (SHIB) Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Crash: WhaleStats appeared first on The Daily Hodl.

Shiba Inu (SHIB) Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Crash: WhaleStats

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in, or thinking about as they manage and build their personal portfolios. This week we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing: By the end of the year, will Shiba Inu (CRYPTO: SHIB) or Dogecoin (CRYPTO: DOGE) grow more?

Will Shiba Inu Or Dogecoin Rise More By 2023? 6 In 10 Say.

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following question to over 1,000 Benzinga visitors on cryptocurrency trading and investing: Which will happen first, Bitcoin (CRYPTO: BTC) at $100,000 or Shiba Inu (CRYPTO: SHIB) at $0.001?

Which Will Happen First, Bitcoin At $100,000 Or Shiba Inu At $0.001?

A meme posted from Robinhood Markets Inc's (NASDAQ: HOOD) Twitter account on Thursday had the Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE) communities deliberating which dog-themed crypto had featured alongside the Robinhood CEO. What Happened: Popular retail brokerage Robinhood Markets Inc (NASDAQ: HOOD) shared a meme featuring CEO Vlad Tenev and a Shiba Inu dog wearing matching green sweaters.

Dogecoin Or Shiba Inu? Robinhood Posts Dog Meme On National Best Friend Day

Meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) saw an uptick in buy orders on Coinbase Global Inc (NASDAQ: COIN) on Thursday. What Happened: According to trading data from the cryptocurrency exchange, 63% of Coinbase traders increased their SHIB position over the last 24 hours.

News for Shiba Inu Crypto (SHIB)