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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.

Pepe

A pseudonymous cryptocurrency analyst believes that the surge in the price of Pepe Coin (CRYPTO: PEPE) will continue until it overtakes Shiba Inu (CRYPTO: SHIB) to become the second-largest meme coin. What Happened: ‘Cryptunez' told his 154,500 followers on Twitter that the "impact of Pepe Coin on the crypto [market] cannot be understated".

Crypto Analyst Sees Pepe Coin Dethroning Shiba Inu As 2nd-Largest Meme Coin: Calls SHIB 'Overvalued Garbage'

Ethereum

Ethereum whales are joining the latest memecoin craze by throwing in millions of dollars worth of their ETH into Pepe (PEPE), a coin now up over 5,000% in the last several weeks. According to blockchain tracker Lookonchain, an Ethereum whale spent nearly $3 million on PEPE using Wrapped Bitcoin (WBTC) and ETH.

Ethereum Whales Convert Millions of Dollars in ETH to Shiba Inu (SHIB) Competitor: On-Chain Data

The latest data from Shiba Inu (CRYPTO: SHIB) burn tracker Shibburn reveals that the burn rate of the meme coin has shot up to more than 56,965%. More than 1.6 billion Shiba Inu are no longer in circulation after the meme coin's burn rate skyrocketed in the past 24 hours.

More Than 1.6 Billion SHIB Vanishes In Just 24 Hours, Burn Rate Explodes By Over 50,000%

More than 1.6 billion Shiba Inu (SHIB) tokens are no longer in circulation as the project's burn rate has skyrocketed in the past 24 hours. According to new data from SHIB burn tracker Shibburn, the burn rate of the dog-themed meme asset shot up to more than 56,965%, putting out of use 1,695,572,371 SHIB.

1,695,572,371 Shiba Inu Vanishes in Just 24 Hours As SHIB Burn Rate Explodes by Over 50,000%

Shiba Inu (SHIB) price is falling below the moving average lines.

Shiba Inu Breaks Through Current Support And Threatens To Drop To $0.00000962

Dogecoin

Dogecoin (DOGE) challenger Shiba Inu (SHIB) is still the most popular memecoin in the US despite seeing new competition.

Dogecoin (DOGE) Rival Shiba Inu (SHIB) Still Top Memecoin in US Despite New Competition: CoinGecko

Shiba Inu (CRYPTO: SHIB) was falling almost 2% during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was nudging about the same amount lower within a sideways pattern. Many of coins and tokens in the crypto sector have been consolidating mostly sideways recently, led by Bitcoin and Ethereum, which have been trading in horizontal patterns on decreasing volume.

Shiba Inu Rests Alongside Dogecoin With Investors Showing Lack Of Interest: The Bull, Bear Case

Binance CEO, Changpeng Zhao, popularly known as "CZ,” spoke on Monday about his perspective on meme coins and Binance's listing process. What Happened: CZ said he personally never really understood meme coins.

Binance's CZ Says He Doesn't Understand Meme Coins Like Elon Musk Does — Discloses Shiba Inu's Listing Process

In a Twitter post, Shiba Inu (CRYPTO: SHIB) teased a preview of “Rocket Pond,” a new destination in the protocol's upcoming metaverse. The developers of the Shiba Inu metaverse have said that the reveal of Rocket Pond is just days away.

Shiba Inu's Metaverse Gears Up for 'Rocket Pond' Reveal, Blending Wilderness And Resort Experience

The price of Shiba Inu (SHIB) is bearish as it falls below the moving average lines.

Shiba Inu Returns To $0.00000985 Low But Continues Consolidation

Dogecoin (DOGE) competitor Shiba Inu (SHIB) is teasing a preview of “Rocket Pond,” the protocol's upcoming metaverse. In a new announcement, the Shiba Inu team teases its metaverse plans and says that the reveal of Rocket Pond is just days away, adding that users have the opportunity to win lands via a contest.

Dogecoin Rival Shiba Inu Ramps Up Metaverse Plans by Teasing the Reveal of ‘Rocket Pond'

A crucial Shiba Inu (SHIB) ecosystem altcoin is defying the sideways crypto market trend this week, surging more than 16% amid a flurry of new exchange listings. The altcoin, Bone ShibaSwap (BONE), is trading at $1.06 at time of writing, up from $0.913 seven days ago.

Shiba Inu (SHIB) Ecosystem Altcoin Defies Crypto Market Doldrums Amid New Exchange Listings This Week

Shiba Inu (CRYPTO: SHIB) continued to trade with a high level of volatility during Thursday's session, jumping up temporarily over the 200-day simple moving average (SMA) before falling back under the level. The continued volatility follows Wednesday's price action, which saw Shiba Inu swing between $0.00000975 and $0.00001075 within the session.

Shiba Inu Trades With High Volatility On Low Volume, Following Bitcoin, Dogecoin: The Bull, Bear Case

Bitcoin

Bitcoin (CRYPTO: BTC) was spiking up over 5% higher at one point during Wednesday's 24-hour trading session, dragging Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) higher. The move higher in the crypto space came in tandem with spot gold, which was edging moderately higher and inversely to the general market, which saw the S&P 500 falling from its high-of-day.

Bitcoin Makes A Comeback, Pulls Ethereum, Dogecoin, Shiba Inu Higher: What To Watch In The Battle With Resistance

Billy Markus, popularly known as Shibetoshi Nakamoto, the co-creator of Dogecoin (CRYPTO: DOGE), on Tuesday, gave insights into the marketing strategy employed by meme coin communities. What Happened: It all started with Markus tweeting out some Frequently Asked Questions, or FAQs, about his role as a meme coin founder.

Dogecoin Co-Creator Fires Back At Critic Of Meme Coin Marketing — Says Shiba Inu, Floki Also Follow Similar Strategy

Cardano

Solana

Meme coin Shiba Inu (CRYPTO: SHIB) is currently witnessing a significant drop in trading volume, hitting a low not seen in four months after struggling to build momentum from a local support level reached a few days ago. This stagnation in trading activity may be due to the general inactivity in the cryptocurrency market, which raises questions about Shiba Inu's ability to re-establish its upward trajectory in the near future, stated U.Today in its market report.

Shiba Inu Trading Volume Plummets To Unimaginable Lows, While Solana and Cardano Struggle: Is This The End Of The Meme Coin Era?

Millions worth of pepe tokens are held by a small number of wallets, with one such wallet seemingly a memecoin bull.

Pepe Coin's Top Bull Also Has Millions in Shiba Inu, but Holdings Suggest Risk for Traders

Shiba Inu (CRYPTO: SHIB) was among the top favorite holdings in new crypto wallets, with more than 12,000 fresh wallets seeing holding the meme coin over the last seven days leading up to Jan.19, 2023. What Happened: According to Nansen data, these wallets saw $56 million in SHIB inflows over the period, making it the top non-stablecoin asset held in their balances.

As 2023 Set In, Shiba Inu Emerged As A Favorite Among New Crypto Wallets, How's It Doing Today?

Bone ShibaSwap (CRYPTO: BONE), the governance token of the ShibaSwap ecosystem, is up 7% in the last 24 hours, even as top meme coins such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) took a hit.

Shiba Inu Governance Token Gains 7% Amid Dogecoin Weakness

Dogecoin dropped to a multi-week low on Saturday, as a red wave continues to wash away recent crypto bulls. The meme coin dropped below a key price floor at $0.080 following today's plunge. Shiba inu was also lower to start the weekend, falling by as much as 3%.

Biggest Movers: DOGE, SHIB Drop to Multi-Week Lows, Following Crypto Red Wave

The price of Shiba Inu (SHIB) is moving within a narrow range, but falling below the moving average lines.

Shiba Inu Falls On Re-Crossing Current Support At $0.00001000

A deep-pocketed Shiba Inu (SHIB) investor is snapping up hundreds of billions of SHIB tokens as the crypto markets dip. New data from whale-surveying platform WhaleStats reveals that user BlueWhale0073, the 254th-ranked Ethereum (ETH) whale in the world, bought 117,883,960,216 SHIB worth $1,256,643 on April 20th.

Mysterious Shiba Inu Whale Gobbles Up 311,998,734,794 SHIB Amid Crypto Market Dip: On-Chain Data

New data shows that an explosive amount of transactions are being conducted over Puppynet, the testnet of Shiba Inu's (SHIB) new layer-2 scaling solution, Shibarium. According to blockchain scanner Blockscout, more than 4.

Shiba Inu (SHIB) Layer-2 Project's Growth Rate Explodes As Testnet Wallet Transactions Soar to Over 4,400,000

Shiba Inu (CRYPTO: SHIB) was trading mostly sideways at the beginning of Wednesday's 24-hour trading session until 4 a.m., when the crypto sector reacted bearishly to inflation data coming out of the United Kingdom.

Shiba Inu Falls With Bitcoin, Dogecoin Following UK Inflation Data: But Will The Trend Continue?

A mysterious Shiba Inu (SHIB) whale is suddenly on the move, relocating trillions of tokens as the top memecoin starts to flash signs of life. Blockchain-monitoring service Whale Alert first spotted the massive Shiba Inu transaction.

News for Shiba Inu Crypto (SHIB)