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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

Trump-themed tokens like Maga Memecoin (CRYPTO: TRUMP), MAGA Hat (CRYPTO: MAGA) and Donald Tremp (CRYPTO: TREMP) are rallying in light of Donald Trump‘s surging election odds. What Happened: Coinmarketcap data shows political meme coins approaching a total market capitalization of $700 million, up 11% over the past 24 hours.

Trump-Themed Meme Coins 'Ripping Higher' With Gains Of Over 20%, Leaving Dogecoin, Shiba Inu Sidelined

Shiba Inu's (CRYPTO: SHIB) monthly gains of 18% is likely to witness a pump as burn rates and technical indicators point to the same. What Happened: Shiba Inu (CRYPTO: SHIB) saw its burn rate jump by 65,529.7% since burning 2.7 million SHIB in the past 24 hours, according to Shibburn data.

'Dogecoin Killer' Shiba Inu Burn Rate Catapults 65,530% Higher: Here's What Technical Analysis Says

The price of Shiba Inu (SHIB) has fallen further above the moving average lines. The bulls and bears are trying to hold above the 21-day moving average as the cryptocurrency continues to lose ground.

Shiba Inu Loses Ground And Continues Its Range-Bound Trend

Pseudonymous crypto trader Hoeem outlined a three-wave trading strategy to navigate the volatile meme coin markets. What Happened: Hoeem took to X to outline his approach that categorizes trading into three distinct waves.

Trader Shares 3-Point Strategy To Win With Meme Coins—Here's Where Dogecoin, Shiba Inu Come In

Shiba Inu (CRYPTO: SHIB) is gaining attention from traders after a dramatic rise in its burn rate and daily transactions. What Happened: According to Shibburn data, Shiba Inu's burn rate skyrocketed by 6,750.7%, led by a 27.1 million coin burn 15 hours ago.

'Dogecoin Killer' Shiba Inu Burn Rate Soars 6,750%: Watch This Indicator Potentially Kicking Off A 355% Rally, Says Trader

Cat-themed Popcat (POPCAT) shrugged off declines in the meme coin space to emerge as one of the market's biggest gainers on Tuesday. What happened: The Solana (CRYPTO: SOL)–based coin rose 5.63% in the last 24 hours, becoming the second-best-performing cryptocurrency in the market.

Cat Victory Over Dogs? Popcat Rally Defies Dogecoin, Shiba Inu Decline, Coin's YTD Gains Skyrocket 15344%

Former President Donald Trump's unconventional campaign stop at a McDonald's drive-thru gave the Shiba Inu (CRYPTO: SHIB) community an opportunity to flex their meme muscle, as they used clever wordplays to call attention to the ecosystem's cryptocurrency tokens. What happened: The Republican presidential nominee was seen serving customers and operating the fry cooker at the fast food joint in an effort to court working-class voters.

Trump's McDonald's Visit Has Shiba Inu Community Flaunting Its Meme Game — Kaal Dhairya Chimes In With 'One Shib At A Time' Reference

A well-known cryptocurrency analyst issued a bullish prediction for Shiba Inu (CRYPTO: SHIB), coinciding with a significant jump in the token's burn rate over the last 24 hours. What Happened: On Sunday, widely followed X personality Kevin observed a “rounding bottom formation with an inverse head-and-shoulders” pattern for the popular dog-themed meme coin, prompting a massive 50% price increase projection.

Shiba Inu Ready For A Lift-Off To The Moon? Popular Analyst Predicts 50% Surge For Memecoin As Burn Rate Spikes 389%

New data from market intelligence firm Santiment hints at a potential correction for popular dog-themed memecoins Dogecoin (DOGE) and Shiba Inu (SHIB).

Top Memecoins Dogecoin and Shiba Inu Flashing Bearish Signal As Crowd Hype Surges to Five-Month Highs: Santiment

A widely followed analyst and trader is leaning bullish on the Solana-based pet-themed memecoin cat in a dogs world (MEW) while outlining his forecast for Dogecoin (DOGE) and Shiba Inu (SHIB).

Top Analyst Predicts Solana-Based Altcoin To Break Out ‘Very Soon,' Updates Outlook on Dogecoin and Shiba Inu

Shiba Inu (CRYPTO: SHIB) is riding a price pump off the back of Dogecoin (CRYPTO: DOGE) leading a broader meme coin rally. What Happened: On-chain intelligence firm Arkham Intelligence recently reported an unknown whale withdrawing 105.9 billion SHIB, valued at $1.99 million, from Coinbase in a transaction split into three parts.

'Dogecoin Killer' Shiba Inu Is The 'Obvious Catch Up Play' For Those Who Missed DOGE Rally, Trader Touts

The price of Shiba Inu (SHIB) has resumed its uptrend as it pulls back and finds support above the moving average lines. During the initial surge, the altcoin peaked at $0.00002167 before being pushed back.

Shiba Inu Rises Back Above $0.00001800 And Resumes Its Rise

Pepe

Cryptocurrencies based on internet memes and online communities are jumping to billion-dollar valuations in record quick time, leaving behind corporate America in the process. What happened: A study by cryptocurrency analytics firm Social Capital Markets revealed that some Nasdaq-listed companies took an average of 25-35 years to reach billion-dollar valuations, while meme coin projects like Shiba Inu (CRYPTO: SHIB) and Pepe (CRYPTO: PEPE) achieved a similar feat in less than a year.

Dogecoin, Shiba Inu, Pepe May Have Overtaken These Nasdaq-Listed Companies Toward Billion-Dollar Valuations, But There's A Catch

A new study has highlighted how meme coins have achieved billion-dollar valuations at a pace that far outstrips traditional Nasdaq-listed companies. What Happened: The report reveals that while many established corporations took 25-35 years to reach billion-dollar valuations, meme coins like Shiba Inu (CRYPTO: SHIB) and Pepe (CRYPTO: PEPE) managed to hit these milestones within months, reshaping conversations around value creation in modern financial markets.

Dogecoin, Shiba Inu, Reached Multi-Billion Dollar Valuations In Months That Took Regular Companies Decades, Study Finds

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are surging, with the former benefitting from social media chatter about Elon Musk heading a “D.O.G.E” department. What Happened: Dogecoin, Shiba Inu and Dogecoin-themed cryptocurrencies have performed exceptionally well over the past 24 hours: Cryptocurrency Price Market cap 24-hour trend 7-day trend Dogecoin $0.1256 $18.386B +11.2% +15.1% Shiba Inu $0.00001875 $11.04B +5.2% +7.2% Department Of Government Efficiency (D.O.G.E) $0.026 $25.68M +122.4% +152.4% Also Read: Dogecoin's On-Chain Data, Chart Patterns Flash Bullish Signals: This Top Analyst Thinks It's A ‘Buy' Trader Notes: Crypto analysts are speculating on the potential impact of a Trump victory in the upcoming U.S. presidential election on certain cryptocurrencies, particularly those associated with the “DOGE” narrative.

Dogecoin Rockets Up 10%, Shiba Inu Spikes 5%: What Is Going On?

In a significant development, the Shiba Inu (CRYPTO: SHIB) team announced a new partnership with financial solutions company Mass, aiming to enhance the financial layer of the ‘Shiba State'. What Happened: On Monday, the official X account of Shiba Inu revealed that Mass, with its AI-driven legal and fiscal solutions, would build the finance layer of the ambitious but utopian state.

Shiba Inu Announces New Partnership To Build The Financial Layer Of Upcoming 'Shib State' — Key Figure Kaal Dhairya Says, 'Time To Unleash The Paw-sibilities!'

Crypto trader Murad Mahmudov has listed his “top 10 picks for the cycle” after having predicted a “memecoin supercycle” at the Token2049 conference in Singapore. What Happened: The top pick is a “movement coin” called SPX6900 (CRYPTO: SPX), with a “clear mission of flipping the stock market.

'Memecoin Supercycle' Analyst Shares His Top 10 Meme Picks—One Is A 'Pre-Pump' Shiba Inu

Analytics provider Lookonchain highlighted a whale trader who lost money on Dogwifhat (CRYPTO: WIF) but successfully captured profits trading Popcat (CRYPTO: POPCAT). What Happened: The trader initially lost $4.44 million trading WIF twice between April 8 and June 24.

Whale Trader Was Down $4.44M On 'Shiba Inu Killer' Dogwifhat—Here's How They Turned It Into A Profit

Shiba Inu's (CRYPTO: SHIB) rising burn rates has traders speculating that the meme coin is getting ready for an upcoming price rally. What Happened: Shiba Inu's burn rate has skyrocketed by 14,575.02% since the last burn transaction of 277.6 million coins, according to Shibburn data.

'Dogecoin Killer' Shiba Inu Incinerates 277M Coins In 1 Transaction: Watch These Levels For A Bullish Rally

The weekend was buzzing with noteworthy stories from the world of cryptocurrency. From the sudden surge in Donald Trump's presidential election odds on Polymarket to speculations about the real identity of Bitcoin's creator, and cryptic posts from Shiba Inu‘s (CRYPTO: SHIB) lead developer, the crypto community had a lot to talk about.

Trump's Election Odds On Polymarket, Gary Gensler's Doubts About Cryptocurrency's Future, Shiba Inu Lead Developer's Cryptic Post Sparks Intrigue And More: This Week In Crypto

A sudden single-day spike by Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) has prompted traders to predict an upcoming bull run for the meme coin leaders. What Happened: With Dogecoin prices reflecting a relatively flat performance over the past week, an analyst who goes by “Kevin” on X, outlined his thoughts on the trajectory of Dogecoin.

What's Going On With Dogecoin, Shiba Inu Today?

The price of Shiba Inu (SHIB) is facing another setback as it recovers from its previous dip. SHIB had previously recovered and reached a high of $0.00002167.

Shiba Inu Struggles Above $0.00001700 And Risks Decline

The market capitalization of meme coins is trading sideways over the last 24 hours, with a majority of established memes like Shiba Inu (CRYPTO: SHIB), Pepe (CRYPTO: PEPE) and Dogwifhat (CRYPTO: WIF) failing to back up their September gains. What Happened: Crypto trader Unipcs highlighted that despite the hype around newer coins, established ones like Dogecoin (CRYPTO: DOGE), Shiba Inu, Floki (CRYPTO: FLOKI), Bonk (CRYPTO: BONK), Dogwifha, and Pepe are poised for a significant rally.

Dogecoin, Shiba Inu, Dogwifhat Struggle But 'Established Meme Coins Will Pull A Super Aggressive Monster Rally,' Trader Vows

Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) ecosystem, shared a cryptic post, sparking intrigue and speculation in the cryptocurrency community.

Shiba Inu Lead Developer Shytoshi Kusama Reshares Mysterious Post About 'The Last Chapter To My Story'— Is He Hinting At An Exit From Project Or A Potential Moon Run?

On-chain analytics platform Lookonchain highlighted traders booking significant profits with Solana (CRYPTO: SOL) meme coin Popcat (CRYPTO: POPCAT), which could go higher still, according to analysts. What Happened: One trader executed eight trades since Aug. 20, all of which have been profitable, resulting in a total profit of over $1 million.

News for Shiba Inu Crypto (SHIB)