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.

Dogecoin (DOGE) rival Shiba Inu (SHIB) is continuing its 2023 price surge this week as it gets a listing on South Korea's top crypto exchange by trading volume.

Dogecoin Rival Shiba Inu (SHIB) Continues Price Surge This Week Amid New Listing on Top South Korean Exchange

An anonymous wallet has burned 10 million Shiba Inu (CRYPTO: SHIB) in one transaction. What Happened:  Over 12.94 million SHIB has been eliminated through ten multiple transactions in the last 24 hours, according to Shibburn.com.

10M Shiba Inu Burnt In Single Transaction From Mysterious Wallet

The price of the dog-themed crypto asset Shiba Inu (SHIB) is rallying after developers announced the upcoming launch of the ecosystem's layer-2 network, but many traders are still in the red. SHIB is up by 37.

Majority of Shiba Inu Holders Sitting on Losses Despite the Dogecoin Rival's 55% Rally in Two Weeks

Meme coins moved lower on Jan. 19, as cryptocurrency markets plunged following recent highs. Shiba inu, which rose to a nine-week high on Wednesday, fell by nearly 10% today. Markets have been largely overbought in the past few days, with bears seemingly reentering. Dogecoin was also in the red today.

Biggest Movers: Meme Coins Move Lower, With SHIB Declining by 10%

A popular analyst and trader warns that the wider crypto market will be affected if meme coins like Shiba Inu (SHIB) explode in price.

Is Shiba Inu (SHIB) About To Explode? Crypto Analyst Issues Warning on Meme Coin Market Shift

Shiba Inu (CRYPTO: SHIB) is 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. 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.

Forget Dogecoin, Shiba Inu Emerges As Favorite Holding Among New Crypto Wallets

Shiba Inu (CRYPTO: SHIB) fell 12% in the last 24 hours, after surging 20% on Tuesday, with Nansen reporting an overwhelming amount of trading on both decentralized and centralized exchanges. What Happened: Data from Coinglass reveals that $4.

Shiba Inu Reverses Course To Fall 12% Amid $4.6M Worth Liquidations

Shiba Inu (CRYPTO: SHIB) traded nearly 5.5% higher over 24 hours leading up to the time of writing at $.00001116.  What happened: SHIB's gains overshadowed those of major cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (ETH), which traded in the red at the time of writing.

Shiba Inu Rally Intact Even As Major Cryptos Turn Red — Is Meme Coin Overbought?

Bonk

Dogecoin

Despite a massive decline from their all-time highs, the three tokens still have considerable trading volume.

Dogecoin, Bonk and Shiba Inu Combine for $25 Billion in Monthly Trading Volume

The meme coin is the most popular non-stablecoin asset for newly funded wallets.

SHIB a Favorite Holding Among New Crypto Wallets, Nansen Shows

Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today's session, as the global cryptocurrency market cap also trended higher.

Biggest Movers: SHIB Surges to Fresh 2-Month High on Wednesday

Ethereum

Ether reached a local high while shiba inu continues its momentum from Sunday, the memecoin jumped 15% in the past day. The post Shiba inu jumps 15% as ether trades around $1,600 following PPI release appeared first on The Block.

Shiba inu jumps 15% as ether trades around $1,600 following PPI release

Bitcoin

Bitcoin (CRYPTO: BTC) traded slightly higher this morning, with the cryptocurrency prices trading above the $21,300 level on Wednesday. Ethereum (CRYPTO: ETH), also traded higher, near the key $1,600 mark on Wednesday.

Bitcoin Trades Above This Key Level; Shiba Inu Emerges As Top Gainer

The dog-themed crypto asset Shiba Inu (SHIB) is surging amid a steady stream of hype on the project's plans to create its own ecosystem. SHIB is up 21% in the last 24-hours and up 55% in the last two weeks as developers tease the Shibarium protocol.

Shiba Inu (SHIB) Erupts As Crypto Project Prepares to Launch Layer-2 Beta

The crypto market's second-largest meme coin by market cap Shiba Inu (SHIB) has enjoyed a hefty overnight rally of more than 15%.

SHIB Leads Crypto Markets, Soaring More Than 15% Overnight

Litecoin

Shiba Inu (CRYPTO: SHIB) surpassed Litecoin (CRYPTO: LTC) to become the thirteenth largest cryptocurrency by market capitalization early on Wednesday. What Happened: At the time of writing, SHIB's market cap stood at $6.9 billion, while Litecoin's market cap was at $6.3 billion.

Shiba Inu Edges Out Litecoin As 13th Biggest Crypto With 19% Surge

Bone ShibaSwap (CRYPTO: BONE) has soared 13% in the last 24 hours, reaching a 90-day high, trading at $1.54.  What Happened: The crypto markets are head-over-heels for meme tokens, with SHIB and Dogecoin (CRYPTO: DOGE) recording big gains in the last 24 hours.

Shiba Inu Governance Token Rallies 13% To 90-Day High On Shibarium Testnet Update

Shiba Inu (CRYPTO: SHIB) flipped Curve DAO (CRYPTO: CRV), becoming the most-traded token among top 100 Ethereum (CRYPTO: ETH) whales. What Happened: Shiba Inu saw a spike in its price after short bets worth nearly $790,000 were liquidated in the last 12 hours.

Dogecoin 'Killer' Flips Curve DAO As Most-Traded Token Among Top ETH Whales

Shiba Inu (CRYPTO: SHIB), an Ethereum (CRYPTO: ETH)-based meme coin, saw a spike in its price after short bets worth nearly $790,000 were liquidated. What Happened: Coinglass data indicated that $788,000 worth of shorts were liquidated over a 12-hour period leading up to the time of writing.

Shiba Inu Shorts Suffer Massive Liquidations As Meme Coin Spikes 19%

Shiba Inu (CRYPTO: SHIB) was popping up about 1.7% higher during Tuesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE), which was trading slightly higher. Both Shiba Inu-inspired cryptos had been consolidating since Sunday, along with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Shiba Inu Consolidates With Dogecoin, Bitcoin — Can The Crypto Regain This Bellwether?

Dogecoin (DOGE) rival Shiba Inu (SHIB) is offering more details on the status of the much-hyped Shibarium project. In a new blog post, the project says that the beta version of the SHIB ecosystem's proposed layer-2 scaling protocol is “about to be launched.

Dogecoin (DOGE) Rival Shiba Inu (SHIB) Gives Big Update on Details Behind New Shibarium Project

A new token slated to power the Shibarium Shiba Inu (SHIB) layer-2 ecosystem is leaping in price to start the new year. Bone ShibaSwap (BONE), the utility token to be used for Shibarium's transaction fees and other activities, is trading for $1.

Altcoin From Shiba Inu (SHIB) Ecosystem Nearly Doubles in Price To Start the Year Ahead of Shibarium Release

The largest Ethereum (ETH) whales are heavily invested in the popular memecoin Shiba Inu (SHIB) as the crypto markets flash signs of life, according to on-chain data.

Shiba Inu Becomes Top Altcoin Among Ethereum Whales As Crypto Markets Awaken: WhaleStats

Shiba Inu (CRYPTO: SHIB) is back among the most-held crypto under the top 100 Ethereum (CRYPTO: ETH) whales ahead of the much-anticipated Shibarium launch. What Happened: According to Whalestats , SHIB ranks third among the other holdings by the top 100 ETH whales.

Why Shiba Inu Is Back On Top 3 Holdings Of Major Ethereum Whales

The meme token shiba inu has seen a rise against the U.S. dollar during the last seven days as the coin's supporters anticipate the beta launch of the layer two (L2) scaling solution Shibarium. Developers detailed on Jan.

News for Shiba Inu Crypto (SHIB)