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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.

Bonk

Dogecoin

Traders are increasingly bullish on Bonk (CRYPTO: BONK) following its listing on the CF Index. What Happened: Bonk has been included in the CF Broad Cap Index alongside cryptocurrencies like Pepe, Fetch.ai and Sei.

BONK Added To CF Index Alongside Dogecoin And Shiba Inu, BonkBot Burns 1.2B Tokens

Pepe

Over the weekend, Based Brett became the first meme coin on Base to reach a $1 billion market capitalization.

Pepe, BONK, Floki and Shiba Inu Post Losses—But Based Brett Is Rising

Shiba Inu (CRYPTO: SHIB) witnessed a significant increase in the past 24 hours burn rate, with traders bullish about its upcoming price momentum. What Happened: Shibburn data noted a spike of 1,441.7% in the burn rate over the past 24 hours, led by a single transaction burning 21.3 million coins around five hours ago.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 1,442%, Trader Predicts Price 'Potentially Doubling Or Even Tripling'

Pseudonymous trader Unipcs, better known as “Bonk Guy,” predicted a strong week for meme coins, with Floki (CRYPTO: FLOKI) being the most interesting. What Happened: On Monday, Unipcs compared Floki's chart against several other cryptocurrencies, including Tether, Bitcoin, Dogecoin (CRYPTO: DOGE) and Pepe (CRYPTO: PEPE).

Floki Up 11% And 'The Most Interesting Meme Coin,' Says Millionaire Trader Who Holds Only 1 Out Of Dogecoin And Shiba Inu

Dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) has seen a significantly increase in token burns, with a 207% surge in the last several hours. What Happened: The Shiba Inu community has burned 4,796,486 SHIB tokens in several hours.

Massive Shiba Inu Burn Ignites Hope For Price Recovery Despite Market Downturn

Shiba Inu (SHIB) prices have recovered and remain above the moving average lines.

Shiba Inu Rises But Is Under Selling Pressure At $0.0000300

Solana

Over the past several years, several cryptocurrencies have seen significant price increases. These tokens have consistently outperformed other cryptocurrencies and most other asset classes.

Here's How Much $1,000 Invested In These Best Performing Cryptos Is Worth Today: Dogecoin, Shiba Inu, and Solana

Shiba Inu (CRYPTO: SHIB) witnessed a steep rise in its burn rate in the last 24 hours amid the popular memecoin's perpetual futures listing on Coinbase. What Happened: Around 8.2 million SHIB tokens were kicked out of circulation, according to data from Shibburn, marking a whopping 246% jump.

'Dogecoin Killer' Shiba Inu's Burn Rate Spikes Nearly 250% As Whales Show Interest In The Memecoin

Filipino politician and former boxing champion Manny Pacquiao is sending a special thanks to the Shiba Inu (SHIB) community. The boxing legend recently issued a short video thanking the SHIB Army in response to charitable contributions to his philanthropic Manny Pacquiao Foundation. “Hello, SHIB Community. Thank you for your commitment to helping those in need.

Boxing Legend Manny Pacquiao Issues Thanks to Shiba Inu (SHIB) Community for Charity Contributions

Ethereum

The Shiba Inu (SHIB) network development team has dramatically improved the Shibarium network, according to a post from the Shibarium network's X account. The work reduces the token bridging time to Ethereum from seven days to roughly 45 minutes, aiming to enhance Shibarium's operational efficiency and the overall user experience.

Shibarium's New Checkpoint Mechanism Cuts Ethereum Bridging Time

Bitcoin

Cryptocurrency markets traded within a tight downward range on Wednesday, as traditional markets had a rocky trading day with increased volatility. Prices as of 4:00 p.m.

Bitcoin, Ethereum, Dogecoin Grind Lower; Shiba Inu Outperforms: 'Price Rallied For 1 Year After Election,' Trader Says

Popular “Dogecoin Killer” Shiba Inu (CRYPTO: SHIB) followed other dog-themed meme coins upwards with a 5% spike in early Wednesday morning trading hours. What Happened: SHIB is up 5% to trade around $0.00002732 at the time of writing.

'Dogecoin Killer' Shiba Inu Spikes 5%: Trader Sees 'SHIB Season' And This Data Point Could Mean He's Right

Popular Solana (CRYPTO: SOL) meme coin Dogwifhat (CRYPTO: WIF) is up 34% over the past seven days, allowing a trader to cash out their substantial gains. What Happened: On-chain analytics firm Lookonchain shared on Wednesday that the trader initially spent $5,879 to acquire 6.1 million WIF tokens on Dec. 8, 2023.

'Shiba Inu Killer' Dogwifhat Nets Trader 1,000x Gain: $1.5M Cashed Out, $5.5M Left To Go

A long-time holder of Shiba Inu (SHIB) is looking at big profits after suddenly selling the memecoin, on-chain data shows. Blockchain tracking firm Lookonchain notices that one patient investor sold more than 48 billion SHIB for a 419x gain after holding onto the digital asset for more than three years.

Dormant ‘Diamond' Hand Shiba Inu Trader Prints 419X Gain After Holding for 3.5 Years: Lookonchain

A rally in meme tokens such as dogecoin and shiba inu is primarily driven by Asian traders in response to bullish sentiment around ether exchange-traded funds (ETFs), one trader said.

Bitcoin, Ether Prices Ease as SHIB Drives Gains in Meme Tokens

On a day when blue-chip currencies dipped lower, memecoins continued to show strength, led by Shiba Inu and dogwifhat. What Happened: Solana (CRYTPO: SOL)-based dogwifhat emerged as the market's third-largest gainer, and the best-performing memetoken in the last 24 hours.

Shiba Inu, Dogwifhat Post Double-Digit Gains As Memecoins Shrug Off Dips In Bitcoin, Ethereum: What's Going On?

The memecoin market is experiencing a resurgence, with two canine-themed tokens, Floki (CRYPTO: FLOKI) and Dogwifhat (CRYPTO: WIF), leading the charge. Floki's Meteoric Rise Floki, a cryptocurrency inspired by the Shiba Inu breed and self-branded as the "Doge Killer," is embarking on its most ambitious marketing campaign to date.

Floki And WIF Bite Off 22% And 12% Daily Gains, As Dogecoin And Shiba Inu 'Killers' Take The Dog Coin Wheel

Pseudonymous cryptocurrency trader Cold Blooded Shiller sheds light on the unusual recent performance of Shiba Inu (CRYPTO: SHIB), hinting at an upcoming bigger price move for SHIB. What Happened: Cold Blooded Shiller observed that $SHIB has shown “unusual” performance, noting that “it's positioned very well” on the high-time frame.

Shiba Inu Proves 'Very Strong In Comparison To DOGE,' Trader Says: 'I Think It Sends'

A Shiba Inu (CRYPTO: SHIB) trader's patience paid off when they made a fortune after selling the tokens they held for nearly 40 months. What Happened: According to an X post by on-chain tracking platform Lookonchain on Monday, a trader who had been inactive for 3.5 years sold his Shiba Inu tokens at a profit.

Shiba Inu Investor Turns $2,625 Investment In 'Dogecoin Killer' To $1.1M Afer 3.5 Years Of Inactivity

The investor spent just two ETH on the SHIB in 2021 before holding onto the tokens for three-and-a-half years.

Investor turns $2,700 of Shiba Inu into $1.2 million by holding it for over three years

Shiba Inu (SHIB) price has maintained its horizontal trend and is consolidating above the support at $0.00002200 but below the resistance at $0.00002600.

Shiba Inu Loses Value As It Falls Into The Bearish Trend Zone

In a significant milestone, frog-themed memecoin Pepe (CRYPTO: PEPE) hit $7 billion in market cap, with $4 billion added in May alone. What Happened: PEPE became just the third memecoin after blue-chip currencies like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) to achieve this feat.

Pepe Becomes Only The Third Memecoin After Dogecoin And Shiba Inu To Reach $7B Market Cap, Adds $4B In May Alone

Popular canine-themed meme coins dogecoin (DOGE) and shiba inu (SHIB) spiked Friday after Elon Musk tweeted about the passing of Kabosu, the dog that inspired the tokens.

DOGE, SHIB Spike After Elon Musk Tweet's About Mascot Dog's Passing

Shiba Inu (CRYPTO: SHIB) has seen its burn rate spike amid its founder hinting at the prospect of a Shiba Inu ETF. What Happened: Shibburn data shows the burn rate spiking to 548.9% over the past 24 hours, with a total of 12.1 million coins burned.

'Dogecoin Rival' Shiba Inu Burn Rate Soars 549% As Founder Teases Shiba Inu ETF Prospects

In anticipation of a possible Ethereum (CRYPTO: ETH) spot ETF approval, crypto researcher The DeFi Villain stirred excitement by reminiscing about the unprecedented bull run and 2021 alt-season, suggesting that investors might need to prepare for similar market dynamics soon. What Happened: The DeFi Villian, aka VIKTOR, suggests "animal spirits" could soon reignite crypto markets if an Ethereum spot ETF gains approval.

News for Shiba Inu Crypto (SHIB)