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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.

Shiba Inu (SHIB) price is bearish but fluctuating below the moving average lines.

Shiba Inu Falters But Challenges $0.00001100 Barrier

New data reveals that over a million transactions have already been conducted over Puppynet, the testnet of Shiba Inu's (SHIB) highly anticipated new layer-2 scaling solution, Shibarium. According to blockchain scanner Blockscout, 1,076,331 transactions have taken place over Shibarium's testnet since it launched in its beta form last week.

Shiba Inu's Shibarium Testnet Transactions Explode to Over 1,000,000: SHIB Blockchain Explorer

Over 700,000 transactions have been conducted on the testnet so far, which, however, isn't extremely large relative to the hype.

Shiba Inu's Testnet 'Puppynet' Sees Rising Activity Ahead of Shibarium Mainnet

Shiba Inu's (SHIB) highly anticipated new layer-2 project Shibarium is experiencing an early wave of adoption as new users experiment with its testnet. Shibarium is the Shiba Inu ecosystem's new layer-2 protocol built on top of Ethereum (ETH), similar to Polygon (MATIC). According to blockchain explorer PuppyScan.

Shiba Inu's (SHIB) Shibarium Sees Explosive Growth As Testnet Wallets Break 100,000

Dogecoin

A pseudonymous crypto analyst is predicting a strong run in the meme coin market, citing Dogecoin (CRYPTO: DOGE), Floki (CRYPTO: FLOKI), and Shiba Inu (CRYPTO: SHIB) as potential candidates. What Happened: Altcoin Sherpa told his 194,000 followers on Twitter that as long as Bitcoin (CRYPTO: BTC) holds up, altcoins as a whole will continue to experience a strong run.

Analyst Predicts Dogecoin, Shiba Inu And Floki To Rally Up To 100x But 'As Long As Bitcoin Holds Up'

Bone Shibaswap (CRYPTO: BONE), the governance token of meme cryptocurrency Shiba Inu (CRYPTO: SHIB), is up 4% in the last 24 hours, outperforming the top five meme coins such as Dogecoin (CRYPTO: DOGE) and Floki (CRYPTO: FLOKI) by market capitalization. What Happened: At the time of writing, BONE was trading at $1.09.

Shiba Inu's Governance Token Outperforms Dogecoin, Floki — Boosted By Support Expansion From Bermuda

A closely followed crypto trader and analyst is forecasting an upcoming memecoin explosion in the near future as long as Bitcoin (BTC) manages to stand its ground.

Top Trader Says Shiba Inu (SHIB), Dogecoin (DOGE) and One Additional Memecoin Will Run Hard on Next Bitcoin Bounce

Ethereum

Voyager Digital is beginning to cash out U.S. dollars received from the sale of Shiba Inu (CRYPTO: SHIB), Ether (CRYPTO: ETH), and the Voyager Token (CRYPTO: VGX). The assets were sent to the bankrupt cryptocurrency lender, according to on-chain data.

Shiba Inu, Ether And VGX Tokens: What's Happening With Voyager's Crypto Assets?

A leading analytics firm reveals that hundreds of trillions of Shiba Inu (SHIB) tokens are now in the safekeeping of holders with a long-term investment horizon. IntoTheBlock shows that hodlers, or entities that have held their SHIB stacks for over a year, collectively own 687,170,000,000,000 SHIB worth over $7.20 billion.

687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data

Shiba Inu (CRYPTO: SHIB) was edging slightly lower in consolidation during Tuesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was holding flat. The $0.00001 area has been holding as an important psychological level since March 15, and although the crypto has been making a series of lower highs, it hasn't been making lower lows.

The Bull, Bear Case For Shiba Inu As The Crypto Heads Towards Decision Time

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) shares are trading lower Monday afternoon amid broader weakness across cryptocurrencies.

Why Dogecoin And Shiba Inu (SHIB) Are Moving

The team behind Shiba Inu's (SHIB) new layer-2 scaling solution says the protocol aims to provide quick and cost-effective transactions. New public documentation reveals that Shibarium, which launched its beta version earlier this month, plans to acheive “true decentralization” by creating a protocol that charges minimal transaction fees, if not zero.

Shiba Inu's Shibarium Aims To Process Transactions in Seconds for Less Than Pennies: New Public Documentation

According to the crypto analytics firm IntoTheBlock, cryptocurrency Shiba Inu (CRYPTO: SHIB) is experiencing a substantial change in large transactions. On Saturday, IntoTheBlock reported that the vast majority of SHIB holders continue to remain underwater on their investments in the asset.

Shiba Inu Sees Major Shift In Large Transactions Processed Through Network

Popular meme coin Shiba Inu (SHIB) is witnessing a major change in the number of large transactions processed through its network, according to the crypto analytics firm IntoTheBlock.

Major Shift in Large Shiba Inu (SHIB) Transactions Underway, According to Crypto Analytics Firm IntoTheBlock

Shiba Inu (SHIB) price is still moving within the bearish trend zone. The 21-day line SMA and resistance at $0.00001100 have both slowed the upside.

Shiba Inu Falls To $0.00001000 And Risks Further Price Decline

Top Ethereum (ETH) whale addresses are now holding more than $600,000,000 worth of meme token Shiba Inu (SHIB), according to on-chain data. The crypto whale-watching site WhaleStats finds that the top 2,000 largest ETH holders have accumulated about 56 trillion SHIB. The Dogecoin (DOGE) rival is trading for $0.00001083 at time of writing.

56,006,787,000,000 Shiba Inu (SHIB) Worth Over $600,000,000 Now Held by Top Ethereum Addresses: WhaleStats

Bitcoin

Crypto whales are reportedly moving hundreds of millions worth of Bitcoin (BTC) and one Shiba Inu (SHIB) competitor out of a top crypto exchange as the markets respond to the Federal Reserve announcing further rate hikes.

Whales Abruptly Move $195,231,414 in Shiba Inu Rival and Bitcoin From Top Crypto Exchange Amid Market Turbulence

Shiba Inu (CRYPTO: SHIB) was trading mostly flat during Wednesday's 24-hour trading session, trailing Dogecoin (CRYPTO: DOGE), which was attempting to break higher. Both Shiba Inu-themed cryptos are trading in inside bar patterns.

Shiba Inu Forms 2 Patterns As The Crypto Heads Toward An Apex: A Look At The Chart

Nearly 25 trillion Shiba Inu (CRYPTO: SHIB) tokens, worth a quarter of a billion dollars, have been securely moved off one of the crypto exchanges and placed in cold storage, according to new on-chain data. What Happened: According to crypto analytics firm Santiment, 24.9 trillion SHIB tokens were transferred into a self-custody wallet from Crypto.com exchange in over 6 transactions by an unknown Ethereum (CRYPTO: ETH) address.

$276M Shiba Inu Moved By Mystery Whale From Exchange To Self Custody

Nearly 25 trillion SHIB tokens worth over a quarter billion dollars have left a top crypto exchange and are now sitting off the market in cold storage, according to new on-chain data. First spotted by crypto analytics firm Santiment, an unknown Ethereum (ETH) address transferred 24.

24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment

Leading blockchain analytics firm IntoTheBlock has reported that Dogecoin (CRYPTO: DOGE) holders are in profit while Shiba Inu (CRYPTO: SHIB) holders are underwater.  Fifty-six percent of Dogecoin holders are profitable from their investment, 34% are sitting on losses, and 10% are breaking even.

Majority Of Dogecoin Holders In Profit, While 67% Of Shiba Inu Owners Are Underwater

A leading blockchain analytics firm says a majority of meme token Dogecoin (DOGE) holders are in profit while rival meme token Shiba Inu (SHIB) owners are faring a lot worse. According to IntoTheBlock, 56% of DOGE holders are profitable on their investments, 34% are sitting on losses, and 10% are breaking even.

Most Dogecoin (DOGE) Holders in Profit As Over 65% of Shiba Inu (SHIB) Owners Languish Underwater: IntoTheBlock

The price of Shiba Inu (SHIB) continues to decline despite an upward correction.

Shiba Inu Risks Decline But Break Over $0.00001000

Shiba Inu's (CRYPTO: SHIB) burn rate spiked by 10,900% in the last 24 hours, days after the Shibarum beta launched. What Happened: Data from Shibburn reveals that in the last 24 hours, 934 million SHIB has been transferred to a dead wallet.

Shiba Inu Burn Rate Spikes 10,900%, Days After Shibarium Beta Goes Live

Shiba Inu (CRYPTO: SHIB) was trading flat in consolidation during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE). The consolidation, in both Shiba Inu's and Dogecoin's case was taking place in the form of an inside bar pattern.

News for Shiba Inu Crypto (SHIB)