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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.

Shiba Inu (CRYPTO: SHIB) saw one of its largest-ever liquidation days on record on Thursday. What Happened: According to data from CoinGlass, $16.84 million SHIB short positions were liquidated on July 28.

Shiba Inu Sees Nearly $17M Shorts Liquidated Over 24 Hours

Dogecoin

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were falling about 2% each during Tuesday's 24-hour trading session, in tandem with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were declining about 1.5% and 3.5%, respectively. American billionaire entrepreneur and television personality Mark Cuban said recently that Dogecoin's popularity has been waning, as evidenced by a decrease in Dogecoin transactions for Dallas Mavericks' tickets and merchandise.

Still Tight With Dogecoin, Shiba Inu? A Look At The Cryptos As Popularity Wanes

The team behind meme-based cryptocurrency Shiba Inu (CRYPTO: SHIB) issued an important update about its token burn portal. What Happened: In a July 24 blog, the SHIB developers said they had been monitoring the issues with the SHIB token burn portal in lieu of receiving a high yield of tickets from “increasingly frustrated users.

Shiba Inu (SHIB) Developers Address Burn Portal Issues To 'Increasingly Frustrated Users'

Litecoin

Polygon

Uniswap

A closely followed crypto strategist is issuing a warning to investors saying that a handful of altcoins appear poised for a corrective move after rallying over the last two weeks.

Shiba Inu, Litecoin, The Sandbox and Two Additional Altcoins Setting Up for Pullbacks: Top Crypto Analyst

Shibburn has reported that close to 149.6 million Shiba Inu (CRYPTO: SHIB) tokens have been destroyed and moved to unspendable wallets.  In the last 48 hours, the most significant chunk of this, about 87 million SHIB, has been moved to dead wallets in a dozen transactions.

Shib Army Burns 150M Shiba Inu, Number Of SHIB Holders Reaches To New High

The lead developer behind the Shiba Inu (CRYPTO: SHIB) meme cryptocurrency, Shytoshi Kusama, has promised a 'special treat' for the Shiba Army in Vietnam. What Happened: Calling out Vietnamese Shiba followers on Twitter, Kusama wrote, "I have a special treat for Vietnam soon.

Shiba Inu (SHIB) Team Teases 'Special Treat' For Vietnam

Ethereum (CRYPTO: ETH) creator Vitalik Buterin expressed his gratitude to the Shiba Inu (CRYPTO: SHIB) community on Wednesday. What Happened: “Big thanks to the Shiba Inu community,” said Buterin in a Twitter post, crediting them for making AI Existential Safety Ph.D.

Why Vitalik Buterin Has Extended A 'Big Thanks' To Shiba Inu (SHIB) Community

Buterin used part of the shiba inu tokens sent to him by developers as a gift to fund the fellowship.

Vitalik Buterin Thanks Shiba Inu Community as Grant Program Begins

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) soared up over 11% and 8%, respectively, on Wednesday before running into groups of sellers that knocked both cryptos down to near flat. Shiba Inu received a boost on a shout out from Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin on Twitter Wednesday morning.

What's Going On With Dogecoin, Shiba Inu After Vitalik Buterin Gives One Crypto A Boost?

Ethereum's co-founder was gifted billions of dollars in Shiba Inu tokens. But he decided to dedicate them to a good cause.

Ethereum's Vitalik Buterin Thanks SHIB Community for Helping Fund Fellowship Program

Bitcoin Cash

Shiba inu was trading close to a two-month high on Tuesday, despite prices marginally falling from yesterday's peak. As of writing, prices of the meme coin remained elevated, despite earlier gains easing. Bitcoin cash was also higher, rising for a seventh consecutive session.

Biggest Movers: SHIB Remains Close to 2-Month High, as BCH Extends Recent Gains

Lead developers of the Shiba Inu (CRYPTO: SHIB) metaverse announced the addition of a new advisor to its team. What Happened: In an update on Twitter, Shiba Inu's Shytoshi Kusama said the metaverse team had brought on David Kern – a former technical artist at Sony Group Corp's (OTC: SNEJF) Zipper Interactive.

Shiba Inu Makes 'Huge Addition' To Metaverse Team: What You Should Know

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in, or thinking about as they manage and build their personal portfolios. This week we posed the following question to over 1,000 Benzinga visitors on cryptocurrency investing: By the end of the year, will Shiba Inu (CRYPTO: SHIB) or Dogecoin (CRYPTO: DOGE) grow more?

So Will Shiba Inu (SHIB) Or Dogecoin Rise More By 2023? 6 In 10 Say.

Shares of several popular altcoins, including Shiba Inu (CRYPTO: SHIB), are trading lower Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto, Ethereum (CRYPTO: ETH). The broader cryptocurrency sector was lower throughout weekend trading, and volatile throughout Monday's trading session amid ongoing U.S. economic concerns and ahead of this week's CPI report.

Why Dogecoin Spin-Off Shiba Inu (SHIB) Is Nosediving Today

Shiba Inu (CRYPTO: SHIB) has been making numerous strategic advances to enhance its ecosystems, including its Layer 2 Shibarium and its stablecoin set to release this year. What Happened: The famous meme coin Shiba Inu has grown by over 50,000,000% in the past 2 years.

Is Shiba Inu Gaining Legitimacy? Updates On Layer 2 Shibarium, SHI Stablecoin, And ShibaSwap DEX

Nearly 200 million Shiba Inu (CRYPTO: SHIB) tokens were sent to the burn wallets on Sunday. What Happened: Data from Shibburn shows that 196,820,007 SHIB tokens were burned over 25 transactions, sending the burn rate up 231% over 24 hours.

Shiba Inu (SHIB) Burn Rate Up 200% As 196M Tokens Sent To Dead Wallets

Popular meme coin Shiba Inu sets sights on expanding its ecosystem with a decentralized stablecoin and a new reward token.

Developers Behind Shiba Inu Tease Launch of New Stablecoin, Reward Token

Trading activity for meme coin Shiba Inu (CRYPTO: SHIB) on Coinbase Global Inc (NASDAQ: COIN) was dominated by “buy orders” on Wednesday. What Happened: According to data from Coinbase, a majority of traders on the exchange were buying SHIB over the last 24 hours.

Shiba Inu (SHIB) Buying Activity Surges To 94% On Coinbase

The project behind the Shiba Inu (CRYPTO: SHIB) meme cryptocurrency has added a new token named "TREAT" to its ecosystem. What Happened: TREAT, a new reward token, was announced by Shiba Inu lead developer Shytoshi Kusama in a July 6 update.

Shiba Inu Plans To Launch New Reward Token 'TREAT:' What You Need To Know

On-chain data shows that a whale sent 20 trillion Shiba Inu (CRYPTO: SHIB) tokens across the blockchain on Monday in what is now confirmed to be the largest SHIB transaction in history. What Happened: According to data from blockchain explorer Etherscan, the 20 trillion SHIB was worth $210 million at the time of the transfer.

20 Trillion Tokens Sent In Largest Ever Shiba Inu (SHIB) Transaction

On-chain data shows an uptick in address activity for meme coins Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). What Happened: According to data from blockchain analytics tool Santiment, DOGE and SHIB have shown notable increases in network activity over the past few weeks.

Dogecoin, Shiba Inu Network Activity Hits 7-Week High

ApeCoin

Merchants who use a leading cryptocurrency company for their commerce solutions now have the option to accept several additional cryptos for payment. Here are the details.

Merchants Can Now Accept Dogecoin, ApeCoin, Shiba Inu And More Thanks To Coinbase Commerce

Cryptocurrency exchange Crypto.com has removed Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and several other crypto tokens from its Crypto Earn rewards program. What Happened: In an announcement on Monday, the exchange said that 15 tokens would no longer be available.

Dogecoin, Shiba Inu Among Several Tokens Cut From Crypto.com Rewards Program

The Shiba Inu (CRYPTO: SHIB) community has overwhelmingly voted in favor of a proposal to halt the minting of BONE (CRYPTO: BONE) at 230 million tokens. What Happened: According to an update released by the DOGGY DAO on Monday, 97.88% of the community voted in favor of capping BONE so that the remaining 20 million minted tokens can.

Shiba Inu Community Passes Proposal To Halt BONE Farming: What It Means

The crypto exchange is cutting DOGE, SHIB, and 13 other coins from Earn, but adding ZIL, NEAR, and FTM.

News for Shiba Inu Crypto (SHIB)