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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.

The Shibu Inu (SHIB) ecosystem is teasing an announcement featuring North American luxury firm Bugatti Group. A tweet from the Shibu Inu ecosystem's social media account says the announcement will be coming over the “next few days.

Shiba Inu (SHIB) Hints at Potential Partnership With Luxury Brand Bugatti Group

Deep-pocketed Shiba Inu (SHIB) and XRP holders were active over this weekend, mysteriously shuffling crypto assets worth tens of millions of dollars. First reported by blockchain tracking service Whale Alert, on-chain data shows that a crypto whale transferred 3.35 trillion SHIB tokens between two wallets of unknown origins.

Shiba Inu (SHIB) and XRP Whales Abruptly Move Over $116,000,000 Worth of Crypto Assets Over the Weekend

Shiba Inu (CRYPTO: SHIB) soared in the early hours of Monday after hinting at a possible partnership with the Bugatti Group. What Happened: Both Bugatti and SHIB have remained silent about the specifics of the upcoming collection, yet a promotional video posted gives the idea that the luggage, handbags, and accessories to be sold will be Shiba Inu-themed.

Shiba Inu Soars 5% After Teasing Merchandise Tie-Up With Bugatti Group

A crypto whale is suddenly moving more than $28.7 million in Shiba Inu (SHIB) as the network is expected to soon undergo a layer-2 upgrade. According to blockchain tracker and whale-surveying platform Whale Alert, an unknown wallet sent more than 3.37 trillion SHIB to another unknown wallet.

Mysterious Crypto Whale Abruptly Moves 3,373,256,285,484 Shiba Inu (SHIB) in One Massive Transaction

Bone ShibaSwap (BONE) is rapidly rising in value as it becomes the only utility token for use in the Shiba Inu (SHIB) ecosystem. The soon-to-launch Shibarium blockchain, the expected layer-2 upgrade of the Shiba Inu network, is selecting BONE for its utility token to use for blockchain transaction fees and for other activities.

Shiba Inu (SHIB) Ecosystem Altcoin Rises Over 40% in One Week Amid Selection As the Network's Sole Utility Token

Dogecoin

Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday's U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today's gains.

Biggest Movers: DOGE, SHIB Surge to Multi-Week Highs on Thursday

Shibarium's central token BONE (CRYPTO: BONE) rose more than 18%, reaching the $1 mark early on Thursday morning. What Happened: At the time of writing, BONE was trading at $1.10.

Shibarium Central Token Rallies 18%, Leaving Shiba Inu And Dogecoin In The Dust

As we approach the end of 2022, meme coin investments have taken off in a big way. Dogecoin (CRYPTO: DOGE) has emerged as the clear leader amongst investors, with a market cap of a phenomenal $10.71 billion.

Dogecoin, Shiba Inu Or Baby Doge? Who Won Investor's Support In 2022's Battle Of Meme Coins

One of the key developers behind meme crypto Shiba Inu (SHIB) is hinting that the release of the much-anticipated SHIB layer-2 blockchain is near. The pseudonymous developer known as Shytoshi Kusama tells his 864,000 Twitter followers that Shibarium will be arriving “very soon.” “Happy Holidays to more than half the world.

Shiba Inu (SHIB) Developer Hints at Imminent Release of Highly Anticipated Layer-2 Solution Shibarium

Meme token Shiba Inu (SHIB) is among the top three most watched cryptocurrencies in 2022 on the world's largest crypto exchange. The other two are king crypto Bitcoin (BTC) and leading smart contract protocol Ethereum (ETH), Binance says in a new announcement.

Meme Altcoin Shiba Inu (SHIB) One of the Most Watched Cryptocurrencies This Year on Binance

Shiba Inu (CRYPTO: SHIB) was trading slightly lower during Monday's 24-hour trading session but showing strength in comparison to Dogecoin (CRYPTO: DOGE), which was tumbling over 8% to lose support at the 200-day simple moving average. Earlier in the session, Shiba Inu popped up about 2.5% but was unable to break above Sunday's high-of-day due to bearish price action in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were declining in tandem with the S&P 500.

Shiba Inu Shows Strength Compared To Dogecoin, Settles Into This Pattern: What To Watch For

According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch the highly anticipated Shibarium, a layer two (L2) project that was supposed to launch this year in the third quarter.

SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent

Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week's lows. Today's surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing.

Biggest Movers: SHIB, XMR Extend Recent Gains on Monday

Shiba Inu (CRYPTO: SHIB) was among the three most popular cryptocurrencies on Binance in 2022, even as the more popular meme coin Dogecoin (CRYPTO: DOGE) missed out. What Happened: Two other cryptocurrencies that were most popular in Binance were Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Dogecoin Misses Out But This Rival Meme Coin Was Among Top 3 Most Popular Cryptos On Binance In 2022

The official Twitter handle of Shiba Inu (CRYPTO: SHIB) hints at a "special countdown" for its community, with fans speculating about the release of the Shibarium ecosystem. What Happened: Shiba Inu's official Twitter account on Sunday shared a link to a website featuring a countdown timer along with a picture of a canine gazing out the window in the darkness.

Shiba Inu Fans Anticipate Shibarium Launch As 'Special Countdown' Begins: Kusama Says 'Timing Is Everything'

An anonymous Shiba Inu (SHIB) whale is suddenly moving over a trillion SHIB in a single massive transaction. According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted a staggering 2.6 trillion tokens worth about $23 million at time of writing from one unknown crypto wallet to another.

Mysterious Shiba Inu Whale Abruptly Moves 2,673,966,699,162 SHIB in Massive Crypto Transaction

Floki Inu (CRYPTO: FLOKI), the doge-themed meme coin, has seen its price surge by 11% in the last 24 hours, topping intra-day gains and outpacing rivals Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: FLOKI saw its value surge after being listed on OKX, showing an astonishing 30-day high of $0.00001089, as per Coingecko.

Crypto Named After Elon Musk's Pet Surges 11% Even As Dogecoin, Shiba Inu Slide

Shiba Inu (CRYPTO: SHIB) has been included among the top 10 most traded tokens among the 500 largest Ethereum (CRYPTO: ETH) whales. What Happened: ETH whales possess more than $53 million worth of Shiba Inu, an amount amounting to 2.33% of their holdings.

Shiba Inu Defies Odds To Be Among Ethereum Whale's Top 10 Most Traded Tokens Despite Price Slump

Shiba Inu (CRYPTO: SHIB) was seeing some high volatility during Tuesday's 24-hour trading session, showing comparative weakness to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) to trade in tandem with Dogecoin (CRYTO: DOGE). On Tuesday morning, the U.S. Labor Department printed consumer price index data for the month of November that came in under expectations and showed inflation is slowing.

Dogecoin Killer Shiba Inu, Shows Weakness Compared To Bitcoin, Ethereum: Here's What To Watch For

Baby Doge (CRYPTO: BABYDOGE) has continued to outpace Shiba Inu (CRYPTO: SHIB) in terms of the number of holders, with a growing and passionate community dedicated to its success.  What Happened: According to a recent tweet by BabyDoge burn transactions have seen an increase in new holders.

Baby Doge Army Keeps Growing While Shiba Inu Lags Behind By 500K Holders

Shiba inu was in the red to start the week, with prices falling to a 20-day low on Monday. The meme coin has now moved lower for four straight sessions, with the latest decline seeing price move below a key support point. Dogecoin was also down, hitting a two-week low earlier today.

Biggest Movers: SHIB Slips to 20-Day Low, DOGE Also Declines

The number of holders of Shiba Inu (CRYPTO: SHIB) has increased by 7,807 to a total of 1,251,237 since the start of December. What Happened: According to Etherscan data, in December, SHIB saw an average of 643 new holders added daily.

Shiba Inu Holders Rise By Over 7,000 After Nov Exodus As Whales Keep Faith

The meme coin economy has seen its value increase 7.77% against the U.S. dollar during the last month, as the meme token market leader dogecoin jumped 29.4% higher in 30 days. Dogecoin has also managed to move from the ninth-largest market cap position to the eighth-largest crypto market valuation this past month.

Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in 30 Days

A deep-pocketed crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction. According to whale-surveying platform Whale Alert, the wealthy investor abruptly transferred a staggering 2.87 trillion SHIB worth just over $26 million from an unknown wallet to another unknown wallet.

Shiba Inu Whale Abruptly Moves 2,871,107,065,473 SHIB in One Massive Crypto Transaction

Shiba Inu (CRYPTO: SHIB) was sliding over 2% lower during Wednesday's 24-hour trading session, in sympathy with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE), which were slipping 2%, 3% and 4%, respectively. On Tuesday, WhaleStats tweeted that Shiba Inu is among the top 10 cryptos that have been purchased by the 5,000 biggest Ethereum whales, along with Polygon (CRYPTO: MATIC).

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