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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 Shiba Inu (SHIB) whale is abruptly moving hundreds of billions of tokens as a project developer debunks rumors that Shibarium, the ecosystem's new layer-2 protocol, utilizes stolen code.

Shiba Inu Whale Abruptly Moves 800,215,912,624 SHIB As Dogecoin-Rival Developer Dispels Code Rumors

More than 3.8 billion Shiba Inu (SHIB) tokens were burned and permanently eliminated in the five days following Shibarium's beta launch. According to the Shiba Inu burn tracking site Shibburn, SHIB's burn rate exploded by 1,316.

Over 3,800,000,000 Shiba Inu (SHIB) Disappears As Burn Rate Explodes 1,131% Following Shibarium Beta Release

Dogecoin

Dogecoin and shiba inu fell by as much as 5% in today's session, as markets reacted to the European Central Bank (ECB) rate hike. The bank moved to increase rates by 50 basis points, despite the recent banking crisis.

Biggest Movers: DOGE, SHIB Slip Following ECB Rate Hike

Bankrupt crypto lender Voyager Digital moved 270 billion Shiba Inu (SHIB) tokens to top US crypto exchange Coinbase in a 12-hour period this week, according to the blockchain security firm Peckshield. Those 270 billion SHIB tokens were worth about $3 million at time of transfer.

270,000,000,000 Shiba Inu (SHIB) Abruptly Sent to Coinbase by Embattled Crypto Lender: On-Chain Data

Shiba Inu (CRYPTO: SHIB) developer Kaal Dhairya has admitted to making a mistake regarding the Shibarium Beta chain ID after the community accused the team of stealing the Rinia chain ID. What Happened: Dhairya, on Thursday, acknowledged his mistake of not rechecking at the time of the PuppyNet network launch and confirmed that the chains were not registered at that time.

Shiba Inu Developer Admits Mistake With Shibarium Beta After Backlash From Community, Says Will Fix Within A Week

SHIB is down 8% and millions have been unstaked over allegations that the Shibarium code was stolen.

Plagiarism, Fork, or Simple Mistake? Shiba Inu Community Debates the Origin Story of Shibarium

SHIB prices were down 10% in the past 24 hours, data shows.

Shiba Inu Token Falls 10% Amid Shibarium Code Drama

Shiba Inu (CRYPTO: SHIB) is trading higher by 5.39% to $0.00001174 Tuesday morning. Shares of several altcoins are trading higher on continued upward momentum in cryptocurrencies.

Why Shiba Inu (SHIB) Is Rising

Ethereum

A mysterious Shiba Inu (SHIB) trader pocketed millions of dollars in the wake of the USD Coin (USDC) depegging, according to on-chain data. Blockchain tracking firm Lookonchain says that as the USDC stablecoin lost its peg to the US dollar over the weekend, an unknown crypto trader made a profit of $4.

Mysterious Shiba Inu (SHIB) Trader Nets Huge Profit Selling Ethereum (ETH) During USDC Depegging: On-Chain Data

Shiba Inu's (SHIB) lead developer Shytoshi Kusama is providing a rough timeline for the completion of its layer-2 project's beta-testing phase.

Here's When Shiba Inu's Shibarium Beta Testing Will Be Complete, According to Lead Developer

Bitcoin

Shiba Inu (CRYPTO: SHIB) was popping up more than 3% during Monday's trading session, the fourth green trading day in a row for the crypto dubbed the “Dogecoin Killer.” Dogecoin (CRYPTO: DOGE) was rising by about the same amount, though lagging behind Bitcoin (CRYPTO: BTC), which was surging more than 9%.

Shiba Inu Pumps Higher, Pulled Upwards By Bitcoin In Wake Of SVB Fall-Out

The lead developer of Shiba Inu (SHIB) is denouncing the spread of fear, doubt, and uncertainty (FUD) as the crypto project launches the testnet of Shibarium, its new layer-2 project.

Lead Shiba Inu Developer Denounces Spread of FUD As Crypto Project Launches Shibarium in Beta Form

Shiba Inu's (CRYPTO: SHIB) burn rate spiked to 2400% in the last 24 hours, on the news of the much-awaited layer-2 blockchain Shibarium release. What Happened: Shytoshi Kusama, lead developer of the Shibarium project, on Sunday said in a blog post that users will have the ability to build decentralized applications (dApps) on the Shibarium chain and integrate businesses on it.

Shiba Inu Burn Rate Rockets 2400% After Shibarium Goes Live

Trillions of Shiba Inu (SHIB) tokens are no longer under the control of crypto whales following the highly anticipated launch of Shibarium in its beta form. Leading analytics firm IntoTheBlock reveals Shiba Inu whale balances have declined from 670.9 trillion to 660.

10,000,000,000,000 Shiba Inu (SHIB) Leaves Large Ethereum Wallets Amid Launch of Shibarium Beta

On Saturday, pseudonymous Shiba Inu (CRYPTO: SHIB) developer Shytoshi Kusama announced the beta version of the highly anticipated layer-2 scaling solution Shibarium. In a blog post, Kusama said that early beta testers can now use the testnet, which uses tokens called Puppynet that are not in any way investments.

Shiba Inu's Much-Hyped Shibarium Officially Launches In Beta Form

Pseudonymous developer Shytoshi Kusama is giving the crypto community a teaser as the Shiba Inu (SHIB) ecosystem gears up to showcase its metaverse project. Shytoshi Kusama has unveiled an image that will serve as Shiba Inu's entry to the best movie poster competition at the 2023 SXSW music and film festival in Austin, Texas.

Shiba Inu Developer Reveals First Look at Coming SHIB Metaverse

One of the largest Ethereum (ETH) whales in existence is turning heads, shifting over a quarter of a billion Shiba Inu (SHIB) tokens in one massive transaction. Blockchain-tracking service Etherscan shows that a crypto whale relocated 258,837,671,569 SHIB worth over $2.

Ethereum Whale Moves 258,837,671,569 Shiba Inu (SHIB) in One Massive Transaction: On-Chain Data

The price of Shiba Inu (SHIB) is still in the downtrend zone.

Shiba Inu Holds Above $0.00001000 And Corrects Upward

A beta version of Shiba Inu's (SHIB) highly anticipated layer-2 scaling solution Shibarium is officially live. The pseudonymous developer in charge of the project, Shytoshi Kusama, says his team has flipped the switch and early beta testers can now use the testnet.

Shiba Inu's Highly Anticipated Shibarium Officially Launches in Beta Form – Here's How To Test the Ethereum Scaling Protocol

On-chain analytics indicate that the now-bankrupt Voyager has been steadily selling various assets, including Ethereum and Shiba Inu.

Voyager Liquidates $56M in Ethereum, SHIB, and Other ERC-20 Tokens

New data reveals that bankrupt crypto lender Voyager Digital just moved hundreds of billions of meme token Shiba Inu (SHIB) from Coinbase. According to the blockchain-tracking platform Lookonchain, Voyager's most recent sell off includes the liquidation of 400 billion SHIB worth about $4.4 million.

Voyager Liquidates 400,000,000,000 Shiba Inu on Coinbase As the Embattled Lender's Selling Spree Gathers Steam

A key altcoin in the Shiba Inu (SHIB) ecosystem is coming to a crypto exchange backed by Tron (TRX) founder Justin Sun.

Shiba Inu (SHIB) Ecosystem Altcoin Adds New Crypto Exchange, Outperforms Bitcoin and Ethereum

Shiba Inu (CRYPTO: SHIB) is trading lower by roughly 5.02% to $0.00001050 during Thursday's session. The broader cryptocurrency market is experiencing marked weakness as Silvergate Capital Corp's planned liquidation has weighed on banks with crypto exposure.

Why Shiba Inu Is Falling Sharply

Shiba Inu (CRYPTO: SHIB) ecosystem token Bone Shibaswap (CRYPTO: BONE) is up 7% in the last seven days, topping CoinMarketCap's weekly gainer list. What Happened: BONE surged after SHIB developers said on Wednesday that the much-awaited Shibarium blockchain is set to release its beta version for the layer 2 network this week.

Shiba Inu Ecosystem Token Surges With 7% Weekly Gains, Ripple Follows Close Behind To Move Up The Chart

Xrp rose higher for a third straight session on Wednesday, as prices moved to a two-week high. The rise comes despite market sentiment remaining largely bearish, with the global market cap trading 1.29% lower as of writing. Shiba inu also climbed higher in today's session.

News for Shiba Inu Crypto (SHIB)