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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 crypto venture firm has snapped up billions of Shiba Inu (SHIB) tokens during a massive multimillion-dollar accumulation spree. New data from blockchain search engine Etherscan reveals that Chicago-based trading firm Jump Trading has seen its trove of SHIB grow exponentially from 250,000 on February 4th to just over 130.7 billion at time of writing.

Crypto Venture Firm Acquires 130,722,306,727 Shiba Inu (SHIB) in Massive Accumulation Spree

A popular crypto analyst believes traders are starstruck by the rise of Shiba Inu (SHIB) and sleeping on Dogecoin (DOGE). Pseudonymous analyst Smart Contracter tells his 220,200 Twitter followers that the ninth-largest crypto asset by market cap is now showing strength when paired against Bitcoin (BTC).

Analyst Says Traders Are Sleeping on Shiba Inu's Biggest Rival and Three Additional Altcoins

Cardano

The popular memecoin Shiba Inu (SHIB) and the smart contract platform Cardano (ADA) are seeing major spikes in large whale transactions, according to the crypto analytics firm Santiment. Both altcoins, as well as the controversial crypto asset HEX, are witnessing a surge in transactions worth more than $100,000.

Shiba Inu and Cardano Witnessing Massive Spike in $100,000+ Whale Transactions, Says Crypto Analytics Firm

Shiba Inu (CRYPTO: SHIB) was trading near flat during Tuesday's 24-hour trading session, in continued consolidation after soaring 30% between Feb. 1 and Saturday. Over the last three days, Shiba Inu's volume has been decreasing, which confirms consolidation.

Will Shiba Inu Fly 30% On A Break Of This Pattern? Here's A Technical Analysis

Bitcoin

Bitcoin (CRYPTO: BTC) traded higher, but remained below the key $23,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded gained, trading above the $1,600 mark this morning.

Bitcoin Rises But Remains Below This Key Level; Shiba Inu Becomes Top Loser

A new breakdown of the largest altcoin holdings among Ethereum whales reveals a surge in the popularity of Shiba Inu (SHIB). According to WhaleStats – which analyzes the holdings and activity of whales on various blockchains – the 5,000 largest Ethereum (ETH) whales on record now hold a staggering 50,905,707,716,073 SHIB worth $735,034,573.

Ethereum Whales Accumulate 50,905,707,716,073 Shiba Inu Worth $735,034,573, Making SHIB the 2nd-Largest Altcoin Holding

Avalanche

Fantom

A widely followed crypto strategist thinks that Shiba Inu (SHIB), Avalance (AVAX), Fantom (FTM) and one more altcoin are likely not yet done rallying. Pseudonymous analyst Altcoin Sherpa tells his 191,000 Twitter followers that meme coin Shiba Inu is likely headed to $0.000016 after taking out resistance at $0.000013.

Analyst Forecasts Extended Rallies for Shiba Inu, Avalanche, Fantom and One Additional Crypto Asset

Shiba inu has been relatively stable to start the week, as prices remained close to recent highs, despite Monday's market sell-off. Cryptocurrencies were mostly lower in today's session, as markets continued to react to historically low U.S. unemployment figures. Avalanche was down in today's session, nearing a one-week low.

Biggest Movers: SHIB Remains Near Recent Highs as Crypto Markets Fall on Monday

Dogecoin (DOGE) rival Shiba Inu (SHIB) has outrun most of the digital asset markets yet again as hype continues to build around the top meme cryptocurrency. At time of writing, SHIB is up over 80% since and the beginning of the year and more than 32% in the last seven days, trading at $0.

Shiba Inu (SHIB) Rallies Once Again As ShibaSwap (BONE) Gets Listed on Crypto Exchange Bitget

A pseudonymous crypto analyst who correctly predicted the end of Bitcoin's (CRYPTO: BTC) bull market in 2021, believes that Shiba Inu (CRYPTO: SHIB) may be on the cusp of a strong bullish streak in the coming weeks. What Happened: ‘Pentoshi' tells his 673,700 Twitter followers, is bullish on SHIB after it broke its resistance at $0.000013.

Shiba Inu Zoomie Ahead? Analyst Who Nailed Bitcoin 2021 Cycle Expects Meme Coin 'Hype To Pick Up' In Few Weeks

A popular crypto strategist who correctly called the end of Bitcoin's (BTC) bull market in 2021 believes that top meme token Shiba Inu (SHIB) may be gearing up for bullish price action in the coming weeks. Pseudonymous analyst Pentoshi tells his 673,400 Twitter followers that SHIB looks strong after taking out its resistance at $0.000013.

Top Analyst Issues Alert to Shiba Inu Holders, Says SHIB Hype To Gain Momentum in Coming Weeks

Dogecoin

The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan.

Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggesting Demand for Meme Tokens Still High

A mysterious crypto whale is suddenly shifting trillions of Shiba Inu (SHIB) tokens as the top meme coin witnesses explosive price action over the past day. Blockchain-tracking service Whale Alert reveals that a deep-pocketed entity moved a total of 1,999,998,709,228 SHIB worth $24.

Shiba Inu Whale Abruptly Relocates 1,999,998,709,228 SHIB – Here's Where the Crypto Is Heading

Bitcoin and Ethereum made moderate moves this week, but other large-cap coins posted sizable gains—including Shiba Inu.

This Week in Coins: Bitcoin Barely Budges, But Render and SHIB Surge

WhaleStats shows that Shiba Inu (CRYPTO: SHIB) is now the most traded crypto among the top 1000 Ethereum (CRYPTO: ETH) whales. It also holds the biggest token position by dollar value.

Shiba Inu Rockets Higher As Meme Crypto Become Most Traded Among Top 1000 Ethereum Whales

Shiba inu extended recent gains into the weekend, as the meme coin rose to its highest point in four months. Today's surge saw prices climb by as much as 13%, and comes despite cryptocurrency markets mostly consolidating. Dogecoin also moved higher, breaking out of a recent ceiling in the process.

Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High

A leading blockchain analytics firm reveals that more than 60% of meme token Dogecoin (DOGE) holders are in profit while the majority of rival meme token Shiba Inu (SHIB) owners are in the red. According to IntoTheBlock, 63% of DOGE holders are profitable in their investments while 35% are sitting on losses.

Over 60% of Dogecoin Holders in Profit While Majority of Shiba Inu Investors Sitting on Losses: IntoTheBlock

The community of Dogecoin (DOGE) competitor Shiba Inu (SHIB) is petitioning Binance to list a crypto asset that was recently designated as the governance token of its upcoming decentralized finance (DeFi) platform. In a new petition on Change.

Shiba Inu (SHIB) Army Petitions Binance To List Shibaswap (BONE) on World's Largest Crypto Exchange

Polkadot

Shiba inu was one of Friday's biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today's session, despite the global cryptocurrency market cap falling 1.28% at the time of writing.

Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Markets Falling

A crypto analyst says Elon Musk could cause the meme token Dogecoin (DOGE) to breakout from an enduring resistance level. Pseudonymous analyst Pentoshi tells his 672,200 Twitter followers that the biggest rival to meme token Shiba Inu (SHIB) is showing bullish support that may send it higher.

Elon Musk To Spark Next Dogecoin Rally? Crypto Analysts Look at Catalysts for Shiba Inu's Biggest Competitor

A leading crypto analytics firm finds that meme token Dogecoin (DOGE) experienced the highest number of whale transactions to date this year on January 31st. Data from crypto analytics platform Santiment shows that there were 523 DOGE transactions worth over $100,000 each at the end of January, the highest since November 27th.

Dogecoin Whale Transactions Hit 2023 High Amid Rival Shiba Inu's 40% Year-to-Date Surge: Santiment

A mysterious crypto whale is abruptly relocating trillions of Shiba Inu (SHIB) as the top meme coin gears up for a highly anticipated upgrade. Blockchain-tracking service Whale Alert reveals that the deep-pocketed crypto investor moved 3,272,307,240,798 SHIB worth $38.87 million at time of transfer, from one wallet of unknown origin to another.

Mysterious Shiba Inu Whale Abruptly Shifts 3,272,307,240,798 SHIB in Massive Crypto Transaction

The lead developer behind Shiba Inu's big ecosystem expansion is offering an initial glimpse at some of the first crypto projects that could launch on the network. Shiba Inu is building a layer-2 protocol on Ethereum that's similar in concept to projects like Polygon, Arbitrum and Optimism.

Shiba Inu Teases New Crypto Projects As Dogecoin Rival Prepares to Launch Major Ecosystem Expansion

A top executive of investment firm Cyber Capital says dog-themed meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB) are among the most decentralized digital assets on the market.

Dogecoin and Shiba Inu Among the Most Decentralized Crypto Assets, Says Cyber Capital's Top Strategist

A deep-pocketed crypto trader is suddenly moving more than 3 trillion Shiba Inu (SHIB) ahead of the blockchain project's planned major upgrade. According to new data from the whale-surveying platform WhaleAlert, a crypto whale abruptly shifted a staggering 3,312,307,240,798 SHIB, valued at $38,257,148 at time of writing, from one unknown wallet to another.

News for Shiba Inu Crypto (SHIB)