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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.

Tens of billions of Shiba Inu (SHIB) tokens and other digital assets have been stolen from crypto exchange Bitrue in a massive multi-million-dollar exploit.

22,550,000,000 Shiba Inu and Other Crypto Assets Stolen From Bitrue Exchange in Massive Hack: PeckShield

The price of Shiba Inu (SHIB) is currently moving after rising above the 50-day line SMA.

Shiba Inu drops in the face of resistance at $0.00001140

Over 1.5 trillion Shiba Inu (SHIB) tokens have been discarded in the last day as the project's burn rate sees a massive increase.

1,500,141,145 Shiba Inu Evaporates in Just 24 Hours As SHIB Burn Rate Soars Over 30,000%

Ethereum

Singapore-based crypto exchange Bitrue has been hit by a security breach, draining a hot wallet of $23 million in various assets.

Hacker Robs Crypto Exchange Bitrue of $23M in Ethereum, SHIB, Other Assets

Bitrue said the affected wallet contained “less than 5%” of overall reserves.

Crypto Exchange Bitrue Drained of $23M in Hack of Ether, Shiba Inu, Other Tokens

The 19th biggest Shiba Inu (CRYPTO: SHIB) whale has purchased a staggering 171.68 billion SHIB, worth a total of $1.88 million, through four separate transactions. What Happened: The buying spree kicked off on Thursday with a purchase of 38.83 billion SHIB, worth $426,407, from the Binance-associated wallet “Binance 14,” according to Etherscan.io.

Shiba Inu Whale Gobbles Up 171B SHIB in 4 Massive Transactions

Dogecoin

Bloomberg Intelligence's senior commodity strategist Mike McGlone is issuing a warning on the two largest meme coins by market cap amid approaching economic headwinds.

Bloomberg Analyst Issues Warning on Dogecoin (DOGE) and Shiba Inu (SHIB) Amid Oncoming Economic ‘Hurricane'

Shiba Inu (CRYPTO: SHIB) was climbing up about 1.2% during Thursday's 24-hour trading session following Dogecoin (CRYPTO: DOGE), which was popping over 4% higher. The crypto sector, spot gold and the stock market were all reacting bullishly to data released on Thursday morning, which showed inflation is ticking lower and the jobs market is contracting.

Shiba Inu Attempts To Follow Dogecoin Higher, But Bumps Into Pattern Top: When Will The Crypto Meet The Apex?

Shiba Inu developers have announced plans to launch "SHIB: The Metaverse," a project aimed at expanding the utility of the Shiba Inu (CRYPTO: SHIB) ecosystem. The metaverse is set to open by December 2023 and will feature 100,595 plots of land minted by users.

SHIB Metaverse To Usher In Bold Era Of Crypto Gaming And Passive Earnings

The metaverse is unlikely to be fully completed on release as it will be an “ongoing project,” developers said.

Shiba Inu's Metaverse Will Partially Open by 2023-End, Developers Say

Dogecoin was consolidating in today's session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged. Dogecoin (DOGE) Dogecoin (DOGE) moved marginally higher on Monday, as prices began to settle following recent volatility.

Biggest Movers: DOGE, SHIB Consolidate to Start the Week

The price of Shiba Inu (SHIB) is bearish, although it is limited by the moving average lines.

Shiba Inu Fluctuates As It Holds Over $0.00001082

A deep-pocketed crypto trader is accumulating hundreds of billions of Shiba Inu (SHIB) as the dog-themed meme asset sees a massive jump in its token-burning rate.

Massive Shiba Inu Whale Accumulates 148,782,308,867 SHIB As the Dogecoin Rival's Burn Rate Explodes Over 35,000%

A crypto-friendly travel firm is rolling out a new affiliate program for holders of Shiba Inu (SHIB), a popular Dogecoin (DOGE) competitor. In a new announcement, travel giant Travala says that holders of Shiba Inu can join their affiliate program, which would have members earn a percentage of the bookings of each person they invite.

Crypto-Friendly Travel Company Launches New Program for Shiba Inu (SHIB) Holders

Memecoins outperformed the broader crypto markets in recent days, but there may be cause for caution ahead as some warn of imminent profit-taking.

Jump in Shiba Inu Breed-Themed Tokens is Unsustainable, Warn Crypto Traders

A widely followed crypto strategist believes that leading meme coins Shiba Inu (SHIB) and Dogecoin (DOGE) are likely poised to rally together. Psuedoynmous analyst Kaleo tells his 572,200 Twitter followers that Dogecoin is gearing up for a burst to the upside.

Crypto Trader Says Shiba Inu (SHIB) To Erupt Alongside Dogecoin (DOGE) in New Disbelief Rally

Open interest, which can be used to determine market strength behind price trends, jumped to all-time highs in dogecoin terms.

Dogecoin Futures Set Record After Twitter Adopts Shiba Inu Logo

Shiba Inu (CRYPTO: SHIB) was trading mostly flat during Tuesday's 24-hour trading session after rejecting the 50-day simple moving average (SMA) for the fourth straight day in a row. On Monday, Shiba Inu popped up over 8% at one point, likely in response to Dogecoin (CRYPTO: DOGE), which surged about 32% after Elon Musk changed Twitter's icon from a bird to a doge image.

Shiba Inu Consolidates Alongside Dogecoin Following Monday's Sharp Rise: A Technical Analysis

The rise of meme coins has brought a new twist to the world of digital assets. This particular class of cryptocurrency, inspired by internet memes, are created for fun and have no fundamental value.

From Dogecoin To Shiba Inu: This Crypto Wild West Could Make You Rich Or Leave You Penniless

Several huge crypto wallets have simultaneously transferred trillions of the top memecoin Shiba Inu (SHIB) in a flurry of transactions. Whale-watching bot Whale Alert initially witnessed consecutive Shiba Inu transactions to the tune of 6,087,952,185,06 SHIB worth over $65 million. Whale Alert first caught the transfer of 1,920,298,469,247 SHIB worth $20.

Shiba Inu Whale Abruptly Moves 6,087,952,185,063 SHIB in Matter of Seconds – Here's Where the Crypto Is Going

Shiba Inu (CRYPTO: SHIB) is trading higher by 8.06% to $0.00001153 Monday afternoon, according to data from Benzinga Pro.

Why Shiba Inu (SHIB) Is Popping Off

Ether and USD Coin dominate locked tokens on the upstart network.

DeFi Tokens, Shiba Inu Clones Populate zkSync as Locked Value Climbs to $100M

Meme cryptocurrency  Shiba Inu (CRYPTO: SHIB) rose sharply during trading on Saturday morning. What Happened: At the time of writing, the Dogecoin (CRYPTO: DOGE) sibling traded up 2.73% at $0.000011, according to Benzinga Pro data.

Shiba Inu Has Spiked Sharply On Heavy Volume — Here's What's Going On

Shiba Inu (SHIB) price is bearish but fluctuating below the moving average lines.

Shiba Inu Falters But Challenges $0.00001100 Barrier

New data reveals that over a million transactions have already been conducted over Puppynet, the testnet of Shiba Inu's (SHIB) highly anticipated new layer-2 scaling solution, Shibarium. According to blockchain scanner Blockscout, 1,076,331 transactions have taken place over Shibarium's testnet since it launched in its beta form last week.

News for Shiba Inu Crypto (SHIB)