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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.

Amid the broader cryptocurrency market downturn, the popular meme coin Shiba Inu fell to its seven-month low on Monday.

Shiba Inu Token Hits Seven-Month Low as Crypto Market Worsens

Dogecoin

Today's top meme coins have lost 4.8% in value against the U.S. dollar, as the crypto market carnage has wreaked havoc across the entire digital currency economy. While dogecoin had a phenomenal year in 2021, over the past 12 months, dogecoin lost 82.8% against the USD. DOGE Tapped an All-Time High a Year Ago Today, […]

Meme Token Carnage — DOGE, SHIB Prices Sink Lower, Dogecoin Down 82% Since Last Year

Bitcoin

According to Vogue Business, customers who want to transact using crypto will be emailed a QR code — enabling them to complete a transfer from their wallet.

Gucci to Accept Bitcoin, Dogecoin and Shiba Inu at All U.S. Stores By End of the Summer

The market's leading meme coins, Dogecoin and Shiba Inu, have had a brutal week, with both cryptocurrencies deep in the red.

Dogecoin, Shiba Inu Tokens Suffer Week in Red as Investors Flee Meme Coins

Decentraland

Fresh data shows that the world's biggest Ethereum (ETH) whales are hoarding meme coin Shiba Inu (SHIB) to the tune of nearly $10 million worth each, on average. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The whale-monitoring website shows that the average Shiba Inu holdings are […] The post Richest Ethereum Whales Favoring Shiba Inu (SHIB) and Two Metaverse Altcoins Over Rest of Market: On-Chain Data appeared first on The Daily Hodl.

Richest Ethereum Whales Favoring Shiba Inu (SHIB) and Two Metaverse Altcoins Over Rest of Market: On-Chain Data

22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most Googled cryptocurrency in the country. Another study — published by askgamblers.com — has covered similar data, but concentrated on the U.K.'s and Europe's Google searches. […]

Google Trends Study Shows SHIB Is the Most Popular Crypto in the UK

ApeCoin

New data shows that the biggest Ethereum (ETH) whales are loading up on meme coin Shiba Inu (SHIB), the new kid on the crypto block ApeCoin (APE) and two metaverse tokens. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The digital asset whale-monitoring website shows that in […] The post Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data appeared first on The Daily Hodl.

Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data

A new burn portal now lets Shiba Inu token holders is incentivizing participants to cut the meme coin's circulating supply.

Shiba Inu Launches ‘Burning Portal' to Reward SHIB Token Holders

Shiba inu holders can now get rewards for burning their SHIB tokens as the project's development team officially launched the Shibaswap burn portal. According to the team, SHIB burners generate passive income in the form of RYOSHI rewards by holding on to a new token called “burntSHIB.” SHIB Army Celebrates the Token Burn Rate as […]

Shiba Inu's New Burn Portal Rewards SHIB Burners for Destroying Their Tokens

The world's largest Ethereum (ETH) whales are gobbling up memecoin Shiba Inu (SHIB) even while data suggests that most SHIB investors remain deep underwater. According to a new tweet from the whale-tracking website WhaleStats, SHIB has surpassed ETH layer-2 scaling solution Polygon (MATIC) as the top traded crypto asset among the top 500 Ethereum wallets. […] The post Ethereum Whales Pouncing on Dogecoin Competitor Shiba Inu Amid Crypto Market Downtown, According to On-Chain Data appeared first on The Daily Hodl.

Ethereum Whales Pouncing on Dogecoin Competitor Shiba Inu Amid Crypto Market Downtown, According to On-Chain Data

The offensive imagery was spotted by members of the project's Discord channel — and users quickly made counter purchases to turn the hateful symbol into a window instead.

Shiba Inu Metaverse Controversy as User Attempts to Draw Swastika on Map By Buying Virtual Land

Ethereum

WhaleStats recently reported that Ethereum (CRYPTO: ETH) whale "BlueWhale0073," which is the fifth-largest ETH whale, has bought more than 223 billion Shiba Inu (CRYPTO: SHIB) worth over $5.7 million.

Biggest Ethereum Whale Acquires 223B Shiba Inu Worth Over $5.7M; Ranks Top Holding Of Largest ETH Wallets

Shiba Inu (CRYPTO: SHIB) fell more than 4% after opening the 24-hour trading session on Sunday evening, but by press time Monday, the crypto had erased most of its losses and was trading up over 1% higher in tandem with Dogecoin (CRYPTO:

Shiba Inu Follows Dogecoin Into A Bounce: How High Can The DOGE Killer Go?

Decred (DCR), the token of a blockchain-based project based on the facilitation of open governance and community interaction was the top crypto gainer last week, soaring ahead of new Robinhood Markets Inc (NASDAQ: HOOD) debutants Shiba Inu (IN

New Robinhood Entrants Shiba Inu, Compound End Week In Green — But This Coin Outdid Them All With 30% Surge

Amid a hostile environment and regulatory uproar for cryptocurrencies like Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO:

Indians Buy Bitcoin, Dogecoin, Shiba Inu In Peer-To-Peer Deals Amid Latest Regulatory Crackdown

The largest Ethereum (CRYPTO: ETH) wallets bought a significant amount of Shiba Inu (CRYPTO: SHIB) over the weekend.

Ethereum Whales Continue Shiba Inu Buying Spree As Average Holdings Cross $57M

One of the biggest Ethereum whales in existence just bought a large bag of Dogecoin competitor Shiba Inu as SHIB becomes the most widely held altcoin among the largest ETH investors. First spotted by blockchain tracking service WhaleStats, the entity known as BlueWhale0073 scooped up over 220 billion SHIB worth over $5,781,999. The whale's wallet […] The post Fifth-Largest Ethereum Whale Initiates Massive 223,761,580,609 Shiba Inu Transfer As Dogecoin Rival Becomes Most-Accumulated Altcoin appeared first on The Daily Hodl.

Fifth-Largest Ethereum Whale Initiates Massive 223,761,580,609 Shiba Inu Transfer As Dogecoin Rival Becomes Most-Accumulated Altcoin

WhaleStats recently reported that Ethereum (CRYPTO: ETH) whale "BlueWhale0073", which is the fifth-largest ETH whale, has bought more than 223 billion Shiba Inu (CRYPTO: SHIB) worth over $5.7 million.

Biggest Ethereum Whale Acquires 223 Billion Shiba Inu Worth Over $5.7M; Ranks Top Holding Of Largest ETH Wallets

AMC Entertainment Holdings Inc's (NYSE: AMC) mobile app has started accepting payments in Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB

AMC's Mobile App Now Lets You Buy Tickets Using Dogecoin And Shiba Inu

Chainlink

The richest Ethereum (ETH) whales in the world are pouncing on one decentralized finance crypto project, according to WhaleStats. The whale-watching platform notes that in the past seven days, the top 100 ETH wallets purchased an average of more than $1.9 million worth of Serum (SRM), the utility token of the Solana (SOL)-based decentralized exchange. […] The post Ethereum Whales Pounce on Crypto Project Backed by FTX As Chainlink, Shiba Inu and Several Altcoins Endure Outflows appeared first on The Daily Hodl.

Ethereum Whales Pounce on Crypto Project Backed by FTX As Chainlink, Shiba Inu and Several Altcoins Endure Outflows

Now you can spend DOGE and SHIB within the movie theater chain's app for tickets, concessions, and gift cards.

AMC Adds Dogecoin, Shiba Inu Payments to Mobile App

Shiba Inu (CRYPTO: SHIB) was trading about 4.5% lower on Thursday in a second day of consolidation after over 21% higher on Tuesday, after Robinhood Markets Inc (NASDAQ: HOOD)

Why Shiba Inu Looks Prepped For A Run And How To Trade These DOGE Killer's Patterns

Twitter Inc (NYSE: TWTR) founder Jack Dorsey was among those who reacted to Robinhood Markets Inc's (NASDAQ: HOOD) listing of Dogecoin (CRY

Jack Dorsey Leaves A ‘Question Mark' On Robinhood's Shiba Inu Listing

Long-term Shiba Inu (CRYPTO: SHIB) holders were rewarded for their patience after a Robinhood Markets Inc (NASDAQ: HOOD) listing sent the meme-coin soaring on Tuesday.

‘Diamond-Handed' Shiba Inu Holders Fetch Rewards With Robinhood Listing

Shiba Inu and ApeCoin are up around 20% and 10% respectively, despite the wider crypto market slumping.

News for Shiba Inu Crypto (SHIB)