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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.

Cardano

Ethereum Classic

Polygon

A variety of cryptocurrencies have registered bullish gains in May 2021. In the past 30 days, the entire crypto market cap shrunk from $2.184 trillion to now $1.661 trillion, indicating a loss of over 31%.

Cryptocurrency Market Analysis: Top 5 Gainers of May 2021

Ethereum

The global cryptocurrency market has lost 26.6% in terms of market capitalization in May as values of several cryptocurrencies including Bitcoin (BTC) eroded, but there were several coins that bucked the trend.

Shiba Inu, Ethereum Classic, Polygon — These Were The Best Performing Cryptos In May

The global cryptocurrency market rose 9.45% in terms of market capitalization to $1.68 trillion in 24-hours leading to press time on Memorial Day evening. What Happened: The top gainers towards the end of the holiday included AAVE (AAVE), Chainlink (LINK), XRP (XRP), and SHIBA INU (SHIB).

Shiba Inu Surges 17% As Crypto Market Recovers On Memorial Day, Aave, Chainlink Among Top Gainers

Dogecoin

Dog-themed cryptocurrencies continued to widen losses, while so-called Ethereum (ETH) killers and non-fungible token or NFT oriented coins were buoyant in the early hours of Thursday at press time.

Shiba Inu, Dogecoin, Other Meme-Themed Cryptos Widen Losses As NFT Plays And 'Ethereum Killers' Soar

SHIBA INU (SHIBA) has gained ground over Dogecoin (DOGE) as cryptocurrencies recover from a dramatic crash over the last few days. Other dog-themed coins were also in the green at press time late Monday.

Shiba Inu Outperforms Dogecoin, Other Dog-Themed Coins See Resurgence Too As Crypto Market Recovers

Cryptocurrency Dogecoin (DOGE) emerged in 2013 as a joke, but has shot to prominence this year, partly due to celebrity endorsements from the likes of Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, Dallas Mavericks owner Mark Cuban and rapper Snoop Dogg.

Shiba Inu And 9 Other Dogecoin Inspired Cryptocurrencies You Should Know About

Safemoon (SAFEMOON), Barstool Sports founder Dave Portnoy's new favorite coin, fell nearly 20% in a 24-hour period, and it isn't the only so-called "sh*tcoin" to be taking an uneven hit in the cryptocurrency market selloff.

Dave Portnoy-Backed Safemoon, Shiba Inu, Other High-Flying Altcoins Suffer Carnage In Market Selloff

Vitalik Buterin will not get a tax write-off for donating 50 million SHIBA INU (SHIB) tokens to the India Covid Crypto Relief Fund, Bloomberg reported Tuesday.

Ethereum Co-Founder Vitalik Buterin Says Shiba Inu Charity Hasn't Gotten Him A Tax Write-Off

Ethereum co-founder Vitalik Buterin has burnt billions of dollars worth of Shiba-Inu coin (SHIB) after being gifted half the supply of the meme crypto asset by its founders. Buterin has gotten rid of 90% of his SHIB stash and pledges to give the remaining 10% to an, as of yet, undetermined charity. In a transaction […] The post Ethereum Co-Creator Vitalik Buterin Burns $6,700,000,000 Worth of Dog-Meme Crypto appeared first on The Daily Hodl.

Ethereum Co-Creator Vitalik Buterin Burns $6,700,000,000 Worth of Dog-Meme Crypto

Cryptocurrency exchange WazirX said it will fully compensate investors who suffered massive losses on volatile trades of the meme cryptocurrency Shiba Inu (SHIB) last week.

Suffered Massive Losses On Shiba Inu? This Cryptocurrency Exchange Is Fully Compensating Customers

Bitcoin

Self-described "Dogecoin (DOGE) killer" SHIBA INU (SHIB) outperformed Bitcoin (BTC) and Ethereum (ETH) on a 24-hour basis, but these are the real show-stealers.

Shiba Inu Outperforms Bitcoin, Ethereum, Dogecoin With Vitalik Buterin Push, But These Coins Are Really Charging Ahead

After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India's Crypto Covid Relief Fund. Then a few days later on Sunday, Buterin decided to […]

Ethereum's Vitalik Buterin Burns $6.6 Billion Worth of Shiba Inu Tokens

Ethereum co-founder Vitalik Buterin has been a well-known name in the cryptocurrency industry. The popular figurehead of Ethereum is also well-loved by creators of meme coins, which has resulted in the gifting of coins to Buterin, which may have backfired Wednesday.

Is Vitalik Buterin In The Dogehouse? Ethereum Co-Founder's Charitable Donation Causes Drop In Shiba Inu, Other Coins

Vitalik Buterin has made headlines again after burning billions of Shiba Inu tokens. This time, however, the dog-loving crypto community isn't nearly as upset.

Ethereum Co-Founder Vitalik Buterin Burns $6.74 Billion in Shiba Inu 

Ethereum (ETH) co-founder Vitalik Buterin, who was sent 50% of SHIBA INU's (SHIB) token supply by the founders of the so-called Dogecoin (DOGE) killer coin, has burned a substantial amount of the gift.

Ethereum Co-Founder Vitalik Buterin Burns 410 Trillion Shiba Inu Tokens. Is The Dogecoin Clone Set For Another Bull Run?

Two brothers have shared the story of how they became millionaires after investing in Shiba Inu, the cryptocurrency nicknamed “dogecoin killer,” for just under two months. Before the investment, the covid-19 pandemic almost killed their business, and the government's stimulus checks did not last long. Shiba Inu Crypto Investors Become Millionaires Two brothers from Westchester, […]

Shiba Inu Crypto Investors Turn Multimillionaires After Almost Jobless, Relying on Stimulus Checks

Shiba Inu (CRYPTO: SHIB) — the token that recently saw three-digit gains in single days — will be distributed among the users of crypto financial services firm Crypto.

Here's How You Can Get Shiba Inu For Free

To get back at Ethereum co-founder Vitalik Buterin, a crypto scam watchdog group has created a token that dumps ETH for rival BNB.

A 'War on Rugs' Has Been Declared Against Ethereum Creator Over SHIB Transfer

The new listing comes a day after Ethereum's founder donated SHIB to India Covid Relief Fund.

Binance's Indian Crypto Exchange Lists SHIB Token as Vitalik Gift Garners Local Press

On Wednesday, Ethereum's Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India's Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19 outbreak that India is experiencing right now. […]

Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India's Crypto Covid Relief Fund

Buterin made sizable donations to a range of charities on Wednesday afternoon, after selling large amounts of dog-themed meme cryptocurrencies given to Buterin by their developers.

Ethereum's Co-Founder Vitalik Buterin Donates Over $1 Billion To India Covid Relief Fund And Other Charities

Ethereum creator Vitalik Buterin has sold a range of dog-themed tokens he was given for free, swapping them for more ether. The post Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu appeared first on The Block.

Vitalik Buterin donates more than $60M to charity after selling meme tokens including Shiba Inu

Shiba Inu is in the doghouse. Vitalik Buterin might be as well.

Dogecoin Spinoff SHIB Tanks After Ethereum Founder Vitalik Buterin Dumps Tokens

Dogecoin may be the leader of the meme coin pack, but there's another dog coin nipping at its heels. Learn about this surging Ethereum-based token.

What Is Shiba Inu (SHIB) and Why Is the Dogecoin Rival's Price Exploding?

While dogecoin got name-dropped on Saturday Night Live last weekend, another dog-themed cryptocurrency is making the waves this week. The post Shiba Inu token holder turns $17 into $5.9 million appeared first on The Block.

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