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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 deep-pocketed Shiba Inu (SHIB) trader is suddenly moving trillions of SHIB out of a Netherlands-based crypto exchange platform. New data from whale-surveying platform Whale Alert reveals that the Shiba Inu whale has shifted 4,584,530,677,374 SHIB, worth about $33 million, out of Bitvavo and into an unknown wallet.

Shiba Inu Whale Abruptly Moves 4,584,530,677,374 in SHIB – Here's Where the Crypto's Headed

The burn rate of Shiba Inu (CRYPTO: SHIB) has experienced a spike of over 75% within the last 24 hours. In this timeframe, a staggering 49 million SHIB tokens have been permanently removed from circulation, data from Shibburn shows.

Shiba Inu Burn Rate Skyrockets Over 75% While SHIB Remains Trapped In Price Range

Dogecoin

Dogecoin was a notable mover on Tuesday, as the meme coin extended recent declines after a failed move beyond a key resistance level. The drops came as the wider crypto market cap also slipped. It is trading 2.87% lower as of writing. Shiba inu also edged lower in today's session.

Biggest Movers: DOGE, SHIB Down 3%, Falling for Second Straight Session

In a tale of missed opportunity, a man expressed deep regret after selling off all his 5 trillion Shiba Inu (CRYPTO: SHIB) tokens in 2020, missing out on a potential windfall of $28 million. What Happened: The man's decision came back to haunt him as the ‘Dogecoin (CRYPTO: DOGE) killer' Shiba Inu, soared to new heights in 2021.

Crypto Regret: Trader Misses Out On $28M Windfall By Cashing Out Shiba Inu In 2020 At 'Same F***ing Price' As Purchase

Shiba Inu (CRYPTO: SHIB), a meme-based cryptocurrency, plunged 4% in value within the last 24 hours. This decline came as a result of a significant drop in the SHIB burn rate, with only 21 million tokens being burned during this period.

Shiba Inu Burn Rate Decline Spurs 4% Plunge, Longs In Distress

A 35-year-old former supermarket warehouse manager, Rob, achieved early retirement thanks to a remarkable turn of events involving his $8,000 investment in the meme cryptocurrency Dogecoin (CRYPTO: DOGE) killer Shiba Inu (CRYPTO: SHIB). What Happened: Seeking to improve his family's quality of life, Rob told Fortune that he ventured into the world of meme cryptocurrencies in 2021, ultimately stumbling upon the promising yet obscure Shiba Inu coin, which had been founded in August 2020.

Warehouse Manager Retires After $8K Shiba Inu Bet Reaps Him $500K — What If He Had Held On To SHIB?

In September, over 2.3 billion Shiba Inu (CRYPTO: SHIB) tokens, valued at $17,173, were permanently removed from circulation, according to Shibburn data. What Happened: This is a decrease from August when 5.7 billion SHIB, worth $45,899, were burned.

Shiba Inu Massive Burn: Over 2.3B SHIB Tokens Vanish Into Thin Air In September

In a tweet on X (formerly Twitter), Elon Musk, the CEO of Tesla, once again sent Dogecoin (CRYPTO: DOGE) and other meme-related cryptocurrencies booming. What Happened: Musk took a jab at the media by tweeting an image followed by the caption, “Dogs rock.

Elon Musk's 'Dogs Rock' Swipe At Media Sends Canine-Themed Meme Coins Soaring

Bitcoin

What a whirlwind of a week in the world of cryptocurrencies! From the sensational surge in SHIB burn rate to ponderings on the future of Bitcoin, it was all happening.

Crypto This Week: Shiba Inu Burn Rate, Rags To Riches Story, Robert Kiyosaki On Bitcoin's Future And More

The price of Shiba Inu (SHIB) is capped between the price levels of $0.00000690 and $0.00000760, but has held steady above the support level of $0.00000720. Shiba Inu price analysis by Coinidol.com.

Shiba Inu Remains Stable And Holds Above $0.00000720

The development team behind meme asset Shiba Inu (SHIB) is warning traders to do their own research and be cautious of suspicious actors who claim to be a part of the SHIB ecosystem.

Shiba Inu Team Advises Investors To Do Their Own Research, Be Wary of Suspicious SHIB Partnerships

Shiba inu snapped a recent four-day losing streak on Thursday, as bulls rejected a breakout below a key level of support. The slight rebound in price came as the global crypto market cap was marginally higher, climbing 0.25% as of writing. Dogecoin was also in the green.

Biggest Movers: SHIB, DOGE Snap Recent Losing Streaks

Pepe

The altcoin market has been facing a prolonged period of decline since the mid-July peak, resulting in a significant drop in trader interest for popular memecoins, on-chain analytics platform Santiment said on Wednesday. What Happened: Notably, meme coins such as Dogecoin (CRYPTO: DOGE), Dogelon Mars (CRYPTO: ELON), Pepe Coin (CRYPTO: PEPE), and Shiba Inu (CRYPTO: SHIB) have fallen off the radar for traders, exhibiting a reduced level of overall market attention, Santiment data shows.

Dogecoin, Dogelon Mars, Pepe, Shiba Inu Lose Traders' Interest Amid 3-Month Market Slump

Shiba Inu (CRYPTO: SHIB) on Wednesday experienced a significant increase in its burn rate, skyrocketing by 1000% in the last 24 hours. The surge came after a staggering 164 million SHIB tokens were permanently removed from circulation, data from Shiba Inu burn tracker Shibburn shows.

Shiba Inu Burn Rate Explodes 1000% Overnight As Millions Of Tokens Vanish: What's Happening?

Shiba Inu (CRYPTO: SHIB) was falling slightly during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) amid continued fears about stubborn inflation, high interest rates and the state of the economy. While Bitcoin and Ethereum bounced briefly during the session before falling to trade flat, Shiba Inu was less volatile due to lower-than-average volume, which suggests a current lack of interest in the crypto.

Shiba Inu Lies Low With Dogecoin On Decreasing Volume: Here's What Bulls Want To See

The deployer contract for bone tokens was renounced late Tuesday, fuelling investor sentiment.

Shiba Inu Ecosystem Token Bone Jumps 10% as Developers Take Key Security Step

The Shiba Inu (CRYPTO: SHIB) cryptocurrency ecosystem token BONE (CRYPTO: BONE) token gained over 10% in the past 24 hours. This performance outshines other popular cryptocurrencies like Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE).

Why Is Shiba Inu Sister Token Surging Over 10% Today?

Post the launch of Shibarium in mid-August, Shiba Inu (CRYPTO: SHIB) chief market strategist Lucie took to X (Twitter) to highlight the Shiba Hub launch, which will remodel the decentralized applications (Dapps) landscape for the ecosystem. She also indicated that it is not an ordinary app but something extraordinary that will change the way users connect, share, and create, adding that innovation of the highest level will be the app's uniqueness.

Shiba Inu Launches Innovative Shiba Hub With Focus On Individual Control, Privacy

Shiba Inu's sister token, BONE (CRYPTO: BONE), has experienced a notable surge of 6% in the past 24 hours, surpassing the performance of other popular cryptocurrencies like SHIB, Dogecoin (CRYPTO: DOGE), and Pepe Coin (CRYPTO: PEPE). What Happened: The recent price movement of BONE is intertwined with the challenges faced by Shibarium, the self-sufficient Layer-2 blockchain associated with Shiba Inu.

Shiba Inu Sister Token BONE Surges 6% Outperforms Dogecoin, Pepe Coin As Minting Nears

Traders have continued to flock to the Calcium token, a dummy token associated with Shiba Inu (CRYPTO: SHIB), causing its value to soar by 200% within the last 24 hours. This surge comes even after a warning issued by the SHIB team regarding the token's risks.

Shiba Inu Dummy Token Shot Up 200% But This Trader Lost $115K — 'That Was

Shiba Inu (CRYPTO: SHIB) saw a sharp spike early Saturday amid an increase in volume, as the meme crypto continues to stage an uneven recovery from its mid-June lows. What Happened: Shiba Inu, which reversed course after hitting a near-term low of $0.000007195 on Thursday, was locked in a range subsequently.

Shiba Inu Spikes Sharply On Rising Volume: What's Going On

Chainlink

Shiba inu was a notable mover to start the weekend, as the meme coin rose for a second consecutive session. The surge comes despite the global crypto market cap mostly consolidating today. Chainlink also raced higher, hitting a five-week high.

Biggest Movers: SHIB Extends Gains, LINK Hits 5-Week High on Saturday

Calcium (CAL), originally created as a “dummy token” by the Shiba Inu (CRYPTO: SHIB) team, experienced a sudden surge in value shortly after its launch. What Happened: In just 11 hours of its launch, CAL rallied to $0.014, marking a gain of 330%, according to data from DeXTools.

Shiba Inu 'Dummy Token' CAL Skyrockets 330% Within Hours Of Launch As Trading Volumes Cross $4M

A token meant for testing purposes wasn't intended to be traded, yet some traders have pounced on the supposed opportunity.

Shiba Inu Developers Floated a Dummy Token and Now Activist Traders Are Making it a Real Thing

Shiba Inu (CRYPTO: SHIB) was dropping over 2% Thursday, in tandem with the crypto sector and the general stock market, which saw Bitcoin and the S&P 500 losing 2% and 1%, respectively, following a hawkish statement from the Federal Reserve . The “Dogecoin Killer's,” move lower saw the crypto testing the lower trend line of a rising channel pattern as support.

News for Shiba Inu Crypto (SHIB)