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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.

Dogecoin

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin has pointed out that important parts of cryptocurrency technology are not getting enough investments compared to popular meme currencies like “dogcoins.” What Happened: As Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), FLOKI (CRYPTO: FLOKI) and other meme coins rally, Buterin on Saturday responded to an X user Roko about the crypto infrastructure's deficiencies.

As Dogecoin, Shiba Inu Surge, Ethereum Co-Founder Vitalik Buterin Warns 'Some Categories..Are Way Over-Invested'

Bitcoin

Open interest in SHIB futures has crossed above $100 million, hinting at a speculative froth.

Shiba Inu Rings Greed Alarm As Bitcoin Eyes Record High

Meme-inspired cryptocurrency Shiba Inu (CRYPTO: SHIB) has recently climbed the ranks to become the fourth most traded cryptocurrency worldwide. According to data by CoinGecko, this marks a significant achievement for SHIB, highlighting its growing popularity and acceptance among investors and traders.

Meme Coin Mania: Shiba Inu Rises To Fourth Spot In Global Crypto Trading Volume

Meme coin Shiba Inu (CRYPTO: SHIB) is experiencing a monumental surge following last week's Bitcoin's (CRYPTO: BTC) impressive climb above the $64,000 threshold. In the early hours of Saturday, SHIB's value reached a multi-month peak, showcasing a remarkable 68.5% increase to $0.00002196 and a weekly upswing of 122.8%.

Up By 68.5%, Shiba Inu Soars To New Heights, As Investors Watch Inflows Explode

Pepe

The past week saw the top memecoins with proverbially "face-melting gains," with Dogecoin, Shiba Inu and Pepe exploding for triple-digit percentage surges. What Happened: In the past 24 hours, the memecoin market cap exploded 39% to $44 billion, with a 24-hour trading volume of $17.6 billion per CoinGecko data.

Dogecoin, Shiba Inu, Pepe Erupt For 60%, 130%, 290% Weekly Gains: Benzinga's Memecoin Mashup

Pepe (PEPE), the frog-themed meme token on Ethereum, was up as much as 100% to set record highs.

SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins

Solana

As Bitcoin roared, Ethereum, Solana, and Dogecoin also made big gains.

This Week in Coins: Bitcoin Rallies But Dogecoin and Other Memes Steal the Show

Shiba Inu (CRYPTO: SHIB) is trading 11% higher over the past 24 hours amid rising whale transactions and a major use case update for one of its tokens, TREAT. What Happened: Shiba Inu's gains tally to 60%, per CoinMarketCap data.

'Dogecoin Killer' Shiba Inu Explodes For 60% Weekly Gain: This Indicator Shows Golden Cross

All 20 of the CD20 assets were positive on the week, with fourteen posting returns greater than 10%.

Meme Coins DOGE and SHIB Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Charts

Robinhood (NASDAQ: HOOD) has expanded its meme coin repertoire by adding Dogwifhat (CRYPTO: WIF) to its trading platform. What Happened: Robinhood Europe listed WIF for trading on its support site without further announcements.

Dogecoin, Shiba Inu Left In The Dust As Robinhood Europe Listing Catapults Dogwifhat 28% Higher To Reach $1B Market Cap

A popular crypto trader believes one Solana (SOL)-based altcoin project is on the verge of soaring to a record-breaking price.

Analyst Says Solana-Based Altcoin Primed To Hit New All-Time High, Maps Path Forward for Shiba Inu

Shiba Inu (CRYPTO: SHIB), often referred to as the ‘Dogecoin (CRYPTO: DOGE) killer‘ on Friday morning experienced an increase in its token burn rate, recording a 30,000% jump within the span of 24 hours. What Happened: Data obtained from Shibburn, reveals that the 24-hour burn rate, resulting in 3,759,043 SHIB tokens being permanently removed from circulation by being sent to what are known as ‘dead wallets'.

'Dogecoin Killer' Shiba Inu's Burn Rate Explodes 30,000% After SHIB Introduces New Privacy-Focused Network

Bonk

Bonk (CRYPTO: BONK) surged an astonishing 62% on the day amid indications of an imminent token burn and significant whale movements, prompting traders to anticipate more upside. What Happened: Bonk's weekly gains tally at 104%, with the token fast approaching its December 2023 all-time high.

Bonk Goes Bonkers With 62% Daily Gain, Eclipsing Dogecoin, Shiba Inu: Whale Trader Pockets $2.9M

Meme coins are fun (and often funny), but most of them burn out fast rather than return fabled 1,000x gains. Here's why.

Why Most Meme Coins Die Young

"Dogecoin killer" Shiba Inu (CRYPTO: SHIB) surged over 15% in the past 24 hours, accompanied by an 81% expansion in trading volumes amid the announcement of a Shibarium partnership. What Happened: Shiba Inu announced the introduction of a new privacy-focused network on the Shibarium blockchain, in collaboration with open-source cryptography company Zama.

'Dogecoin Killer' Shiba Inu Leaps 15% Off Partnership News: 'Extremely Good Chart' Primed For 'Huge Run,' Says Analyst

Ethereum

Dogs are leading the pack and the rest of the altcoins aren't even close.

Top Dogs: Dogecoin, Shiba Inu and Bonk Outpace Bitcoin, Ethereum Gains

The top three meme tokens — dogecoin, shiba inu, and bonk — have captured double-digit gains over the past day, rising between 23.3% to 37.5% against the U.S. dollar. Dogecoin has risen 29.9% and nears crossing the $0.13 threshold.

Meme Token Market Rally — Dogecoin, Shiba Inu, and Bonk Record Double-Digit 24-Hour Gains

A popular crypto trader believes that meme assets Dogecoin (DOGE) and Shiba Inu (SHIB) are gearing up for big moves to the upside. The pseudonymous analyst known as Altcoin Sherpa tells his 208,200 followers on the social media platform X that he is bullish on both DOGE and SHIB after their lengthy accumulation phases.

Crypto Analyst Says Dogecoin and Shiba Inu Looking ‘Extremely Good,' Updates Outlook on Bitcoin and Worldcoin

DOGE-related coins have made it to the list of top gainers, among the top 100 cryptocurrencies by market capitalization. What Happened: As reported by CoinMarketCap, a trio of these meme coins —BONK, Dogecoin, and Shiba Inu—shone as the top performers of the day.

Dogecoin, Shiba Inu, BONK Record Major Gains, Mark Their Territory Among Top Gainers — Analyst Predicts 600% Surge In DOGE's Price, Says 'Pump Hasn't Even Started'

Shiba Inu ecosystem token TREAT will power the “new privacy layer” for the Shibarium blockchain.

Shiba Inu Adopts Tech to Bring More Privacy For SHIB Token Holders

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) regained momentum, up 5.1% on the day to reach a price of $0.00001144. What Happened: Amid the broader crypto market rally, Shiba Inu notably outpaced Cardano (CRYPTO: ADA).

'Dogecoin Killer' Shiba Inu Rallies 5% On 111% Trading Volume Surge

Solana's memecoin darling Dogwifhat (CRYPTO: WIF) continues its price rally, confirming predictions of a much bigger leg up ahead. What Happened: In the past 24 hours, Dogwifhat surged 34% taking its price to an all-time high of 77 cents, with trading volume expanding by 41% to $180.9 million.

'Shiba Inu Killer' Dogwifhat Pumps 34% On $180M Trading Volume: Could An Exchange Listings Be Next?

The lead developer of Shiba Inu (CRYPTO: SHIB), Shytoshi Kusama, expressed interest in the peculiar murals at the Denver Airport. What Happened: Shytoshi Kusama asked about the whereabouts of the murals in a post on X, formerly Twitter, on Tuesday.

Shiba Inu's Shytoshi Kusama Curious About Conspiracy Theory-Inducing Denver Airport Murals: 'I Have To See

Shiba Inu (CRYPTO: SHIB), dubbed as the ‘Dogecoin (CRYPTO: DOGE) Killer,' has seen its token burn rate surge by 1900% in the last 24 hours. What Happened: Over 102 million SHIB tokens were permanently removed from supply in the last 24 hours.

'Dogecoin Killer' Shiba Inu Sees Burn Rate Explode By 1900%, Erasing 102 Million Tokens In A Day

The combined market capitalization for the top 100 meme-themed cryptocurrencies on Monday experienced a surge, now standing at approximately $26.5 billion—an increase of 10% in the last 24 hours, thanks to Bitcoin's (CRYPTO: BTC) rally to $56,000. What Happened: Data from Santiment, an on-chain analytics platform said, “Memecoins are gaining significant increased traction and market cap growth on an otherwise flat Tuesday.

News for Shiba Inu Crypto (SHIB)