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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.

Shytoshi Kusama, the pseudonymous lead of the Shiba Inu (CRYPTO: SHIB) ecosystem, proposed establishing a Strategic Hub for Innovation in Blockchain, or S.H.I.B., in response to Elon Musk's invitation to pitch potential roles in the new Donald Trump administration.

Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk's Call For New Roles Recommendations In Trump Administration

Following a 10% rally on Wednesday, Pepe (CRYPTO: PEPE) has caught the attention of cryptocurrency traders, who think the frog-themed meme coin is destined for further gains. What Happened: Crypto analyst Bluntz remarked that "frogs are back in fashion" looks like frogs are back in fashion, $pepe downtrend break with volume.

This Popular Meme Coin Is Up 10% And Could Even 'Flip Shiba Inu,' Trader Touts

Shiba Inu (CRYPTO: SHIB) is up 2% in Wednesday trading and continues to burn tokens, fueling trader speculation about positive price action on the horizon. What Happened: Data from Shibburn shows Shiba Inu's burn rate increasing by 3,674%in the past 24 hours.

'Dogecoin Killer' Shiba Inu Burn Rate Soars 3,674%: What Is Going On?

The price of Shiba Inu (SHIB) has risen above the moving average lines for the fourth time as it recovers from the low of the chart. SHIB is currently trading above the moving average lines.

Shiba Inu Recovers But Faces The $0.00001950 Barrier

Shiba Inu (CRYPTO: SHIB), the second-largest meme coin by market capitalization, surged Tuesday night, joining the broader market rally pinned on Donald Trump's increased odds of victory. What happened: The popular dog-themed cryptocurrency spiked over 10% in the last 24 hours, taking its market capitalization past $11 billion.

Shytoshi Kusama Promotes S.H.I.B As Elon Musk Touts D.O.G.E — Shiba Inu Rallies 10% Amid Broader Crypto Gains

Shiba Inu (CRYPTO: SHIB) is up 3.7% over the past 24 hours as positive news from its community bolster sentiment. What Happened: Pseudonymous lead developer Shytoshi Kusama suggested establishing a blockchain innovation hub in the U.S., inviting presidential candidates to endorse a "Silicon Valley" for the blockchain sector.

'Dogecoin Killer' Shiba Inu Up 3%: What Is Going On?

“Dogecoin Killer” Shiba Inu (CRYPTO: SHIB) has seen a sharp increase in its burn rate, accompanied by a rise in daily transactions. What Happened: Over the past 24 hours, the Shiba Inu ecosystem recorded a 254,078.1% spike in its burn rate, with 5.6 billion SHIB tokens burned in a single transaction, according to Shibburn.

'Dogecoin Killer' Shiba Inu Burn Rate Explodes 254,078% Higher And One Indicator Shows A 90% Rally Could Be Coming

Shiba Inu (SHIB) price has recovered from its dip and has risen above the moving average lines.

Shiba Inu Fluctuates In Anticipation Of A Higher Spike

Shytoshi Kusama, the leader of the Shiba Inu (CRYPTO: SHIB) ecosystem, expressed frustration over the coin not getting due respect despite impressive gains over the years. What Happened: Kusama was responding to an X post by Nick Tomaino, founder of cryptocurrency-focused fund 1confirmation, who didn't include Shiba Inu on his list of most impactful cryptocurrency projects to date.

Shytoshi Kusama Schools X User Who Said SHIB Will Remain 'Chump Change Meme' Unless It Can Rise Above A Penny: 'Those Who Are Wise Give Us Respect'

Shytoshi Kusama, the mysterious lead of the Shiba Inu (CRYPTO: SHIB) ecosystem, highlighted the coin's impressive growth since its launch and the work ahead to gain further recognition. What Happened: On Tuesday, Kusama took to X to talk about the SHIB's lifetime growth, which stood at a staggering 33,774,726.7% from its all-time low, higher than those of Dogecoin (CRYPTO: DOGE), Solana (CRYPTO: SOL), and Binance Coin (CRYPTO: BNB).

Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: 'We Still Have Far To Go And Much Work To Be Done'

Dogecoin

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) surged, riding Bitcoin's (CRYPTO: BTC) upward momentum past $72,000. What Happened: Coinmarketcap data shows meme coins nearing a $71 billion market cap, up 14.6% over 24 hours.

Dogecoin, Shiba Inu Explode Over 10%: Is This The Mother Of All Bull Market Rallies?

Bitcoin

Cat-themed coins like Mog Coin (CRYPTO: MOG) and Popcat (CRYPTO: POPCAT) are rallying as the broader altcoin market cheers Bitcoin's (CRYPTO: BTC) leap above $70,000. What Happened: Coinmarketcap data shows cat-themed tokens coins approaching a total market capitalization of $5 billion, up 9.3% over the past 24 hours.

Mog Coin, Popcat Outshine Dogecoin, Shiba Inu As Bitcoin Leapfrogs $71,000 — 'Buy The Cats And Wait The Months,' Trader Says

Shiba Inu (CRYPTO: SHIB) cryptocurrency project announced the launch of a non-fungible token (NFT) bridge for its Layer-2 blockchain, Shibarium, paving the way for the smooth transfer of Ethereum (CRYPTO: ETH)-based NFTs. What Happened: On Monday, Shiba Inu's official X account posted about the activation of NFT Bridge on Shibarium.

Shiba Inu Expands Crypto Trading Landscape With NFT Bridge On Shibarium As Burn Rate Spikes 305%

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.

News for Shiba Inu Crypto (SHIB)