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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.

More than 410 trillion Shiba Inu (SHIB) tokens have been permanently burnt from the asset's supply, according to the burn tracker Shibburn. Millions of SHIB tokens are burning nearly every day as Shiba Inu's highly-anticipated layer-2 network Shibarium prepares to launch in beta mode next week.

410,385,130,202,095 Shiba Inu (SHIB) Burned From Supply Forever Ahead of Imminent Shibarium Release

Shiba Inu's highly-anticipated layer-2 network Shibarium will launch in beta mode next week, according to a key player in the memecoin's ecosystem. The official Twitter account for Bone ShibaSwap (BONE) just posted a viral tweet confirming the launch date. The most #important topics for everyone!1.

Confirmed: Shiba Inu's Highly Anticipated Shibarium Set for Initial Launch Next Week

Floki (CRYPTO: FLOKI) is down 13% in the last 24 hours, after posting 94% gains in the last seven days.  What Happened: Twitter Chief Elon Musk had sent Floki rallying last week after posting a photo of a dog, presumably his pet Shiba Inu, assuming the role of "new CEO" of the microblogging site.

Floki Plunges After Elon Musk-Linked Rally — But This Shiba Inu Governance Token Spikes 11%

Ethereum

A leading cryptocurrency analytics firm says a huge amount of Shiba Inu (SHIB) and Ethereum (ETH) is on its way to the US-based crypto exchange Coinbase. According to PeckShield's Twitter alert account, about $7.6 million in crypto assets, including 2,500 ETH worth $4.2 million and 250 billion SHIB worth $3.

250,000,000,000 Shiba Inu and 2,500 Ethereum Sent to Coinbase in Pair of Massive Transfers: PeckShield

Shibu Inu (CRYPTO: SHIB), which has been consolidating since Thursday, has broken out of its recent trading range, thanks to a sharp rally on Sunday morning. What Happened: Shiba Inu, which closed Saturday's session at $0.00001319, moved out of the upper bound of a recent trading range of $0.00001306-$0.00001336 around 9:15 a.m.

Shiba Inu Climbs To Key Resistance After Breaking Out Of Consolidation Range: What You Should Know

Chainlink

Polygon

After gobbling up nearly $900 million worth of Shiba Inu (SHIB) and Polygon (MATIC), crypto whales now have their eyes on two other altcoins running on the Ethereum (ETH) blockchain. Blockchain-tracking service WhaleStats reveals that the largest 1,000 Ethereum whales have accumulated more than $671 million worth of SHIB and $210 million worth of MATIC.

After Accumulating $881,000,000 in Shiba Inu and Polygon, Whales Are Now Targeting Two Ethereum-Based Altcoins

A pair of Shiba Inu-related altcoins are soaring as developers prepare to launch a highly-anticipated layer-2 network called Shibarium. The new network is designed to be similar to Polygon (MATIC), offering developers a fast and scalable platform to build on while giving traders access to new projects and custom tokens with low transaction fees.

Shiba Inu Altcoins Explode As Crypto Project Hints at Release Date for Ethereum Scaling Platform

The price of Shiba Inu (SHIB) is rising as it is trading above the moving average lines, indicating an uptrend.

Shiba Inu Rebounds, But Fights $0.00001500s Opposition

New data reveals that bankrupt crypto lender Voyager Digital is suddenly moving hundreds of billions of Shiba Inu (SHIB) tokens to Coinbase. According to blockchain cybersecurity company Peckshield, the embattled crypto firm has transferred a total of $28.7 million worth of digital assets to various crypto exchange platforms.

250,000,000,000 Shiba Inu (SHIB) Abruptly Moved to Coinbase by Bankrupt Crypto Lender Voyager

A rival of dog-themed crypto assets Shiba Inu (SHIB) and Dogecoin (DOGE) is continuing to surge after being listed on a major crypto exchange. In a new update, the team behind the crypto project Floki (FLOKI) announces that the meme asset is going to be listed by Kucoin, a prominent crypto exchange platform.

Shiba Inu and Dogecoin Rival That's Exploded 520% This Year Finds More Momentum Ahead of Major Exchange Listing

Dogecoin

Elon Musk, head honcho at both Tesla and Twitter, has once again demonstrated his ability to move markets with a single tweet. In a Feb. 15 post, he shared a photo of his dog wearing an iconic Silicon Valley-style black turtleneck while seated authoritatively in a large armchair behind a desk.

Power Of The Dog? Elon Musk's Canine Tweet Has Traders Howling: The Latest On Shiba Inu, Dogecoin, Floki

A Shiba Inu (SHIB) developer says that the beta version of the meme coin's highly anticipated layer-2 blockchain is set for unveiling. Pseudonymous developer Shytoshi Kusama tells his 881,400 Twitter followers that Shibarium, Shiba Inu's layer-2 network built atop Ethereum (ETH) and similar to scaling solutions such as Polygon (MATIC), is ready.

Shiba Inu's Highly Anticipated Layer-2 Project Is Ready, Says the Dogecoin Rival's Lead Developer – Here's the Release Timeline

Shiba Inu (CRYPTO: SHIB) soared 9% late on Wednesday, beating the top five meme coins by market capitalization as the community comes closer to Shibarium, a layer-2 network. What Happened: Shytoshi Kusama, lead developer of Shibarium shared an invite on Twitter, for people interested in Shiabrium.

Shiba Inu Soars 7% After Lead Developer Shares Shibarium Invite: 'Burn, Protect, Help, Grow'

One of the largest holders of Shiba Inu (SHIB) in existence just switched back into accumulation mode. About ten days ago, as Bitcoin and the crypto markets began a significant pullback, the whale let go of 70,000,000,000 SHIB worth $956,200. Now, the crypto giant appears ready to dive back into the market.

Massive Shiba Inu Whale Rapidly Accumulates 50,000,000,000 SHIB As Dogecoin Rival Rallies

Dogecoin rallied on Feb. 15, as Elon Musk tweeted a picture of a Shiba Inu dog, with the caption: “The new CEO of Twitter is amazing.” Following this tweet, both dogecoin and shiba inu surged, extending recent gains. Overall, the global cryptocurrency market cap is 2.42% higher as of writing.

Biggest Movers: DOGE, SHIB Surge as Elon Musk Tweets Dog CEO Pictures

Shiba Inu (CRYPTO: SHIB) ecosystem token BONE (CRYPTO: BONE) is rallying 9% in the last 24 hours ahead of the much-anticipated Shibarium launch. What Happened: At the time of writing, BONE was trading at $1.49.

Shiba Inu Ecosystem Token Surges 9% After Lead Developer Says 'Shibarium Is Ready'

An Ethereum (ETH)-based memecoin thought to be created by the same developer behind Dogecoin (DOGE) competitor Shiba Inu (SHIB) has pulled off enormous gains over the past two weeks while the rest of the crypto markets trade sideways.

Altcoin Rumored To Be Created by Shiba Inu (SHIB) Developer Suddenly Goes Parabolic, Nearly Doubles in Two Weeks

One of the largest Polygon (MATIC) and Shiba Inu (SHIB) whales on record is now accumulating a pair of Ethereum-based altcoin projects. The whale in question holds the keys to the 94th-largest Ethereum (ETH) wallet on record, worth about $132,163,000 at time of publishing. The whale's top holdings include $22.9 million of Ethereum (ETH), $21.

Massive Polygon and Shiba Inu Whale Quietly Accumulating Ethereum-Based AI and Gaming Projects

A crypto whale that's been dabbling within the Shiba Inu ecosystem has become one of the largest holders of SHIB after stacking nine figures worth of Dogecoin's (DOGE) biggest rival this past month.

Shiba Inu Whale Accumulates 10,200,003,377,266 SHIB Worth $131,000,000 in Just One Month: On-Chain Data

Did the world's richest man partner with a leading cryptocurrency founder to create a meme cryptocurrency? Here's what the internet says.

Internet Rumor Connects Vitalik Buterin And Elon Musk To Creating Shiba Inu: Here's How

Litecoin

Shiba inu continued to move away from a recent one-week low on Saturday, as the meme coin rebounded to start the weekend. Although overall sentiment remains bearish, prices are starting the weekend relatively stronger. Litecoin also rebounded in today's session.

Biggest Movers: SHIB, LTC Rebound From Recent Losses on Saturday

The price of Shiba Inu (SHIB) is still within the positive trend zone despite the recent decline.

Shiba Inu Approaches Its Previous High Of $0.00001500 And Regains Upward Momentum

Polkadot

Solana

The world's largest crypto exchange platform by volume is adding Shiba Inu (SHIB) and three other altcoins to its list of verifiable crypto assets. In a new company blog post, Binance says its introducing zero-knowledge (zk) SNARKS, a verification method that keeps information secure, to its proof-of-reserves identification system.

Crypto Exchange Binance Adds Shiba Inu (SHIB) and Three Other Altcoins As Verifiable Digital Assets

Morgan Creek Capital CIO Mark Yusko is blasting dog-themed meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB), asserting they have no value. In a new interview with Blockworks, the crypto veteran says that, in his opinion, the two tokens should go to zero.

Crypto Hedge Fund Veteran Mark Yusko Slams Dog Coins, Warns Dogecoin and Shiba Inu Should Go to Zero

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trading lower by 5.55% to the $0.082-level and lower by 7.12% to the $0.000012-level Thursday afternoon.

News for Shiba Inu Crypto (SHIB)