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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's (CRYPTO: SHIB) strong burn rates and whale interest continue to bolster the meme coin's potential price trajectory. What Happened: Shibburn data shows a 155.7% burn rate increase in the past 24 hours, with 72.2 million SHIB burned.

'Dogecoin Killer' Shiba Inu Burn Rate Increases Burn Rate For 3 Straight Days: What Is Going On?

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) posted another day with a high burn rate, attracting the interest of traders. What Happened: The burn rate has surged 355% in the past 24 hours, according to Shibburn data.

'Dogecoin Killer' Shiba Inu Burn Rate Surges 355%: What Is Going On?

Pepe

Dogwifhat (CRYPTO: WIF) and Pepe (CRYPTO: PEPE) may repeat Shiba Inu's (CRYPTO: SHIB) run-up in 2021 if the same patterns play out, according to a prominent crypto trader. What Happened: Pseudonymous trader Mate Finance drew potential parallels between the meme coins: Run-up to billions.

Dogwifhat, Pepe Will Do What Shiba Inu Did In 2021 And Run To Multi-Billions, Predicts Trader

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) saw its burn rate spike, with technical indicators signaling a support zone forming. What Happened: Shibburn data shows the burn rate spiking by 439.9%, as 6.20 million coins were burned in the past 24 hours.

'Dogecoin Killer' Shiba Inu Sees Burn Rate Explode 440%: Here's How It Impacts Technical Analysis

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) prices have continued to fall slightly after falling below historical price levels on April 13.

Shiba Inu Loses Crucial Support At $0.00001664

Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu (CRYPTO: SHIB) ecosystem, made a big declaration about their future involvement with the project. What Happened: The mysterious figure, while revealing the project's long-term expansion plan late Monday night, stated that they were nearing completion of founder Ryoshi's vision of a completely decentralized system with no leader.

Shiba Inu's Shytoshi Kusama To Go Into Oblivion Like Founder Ryoshi? – 'I Also Will Step Away From Limelight Eventually'

Bonk

Dogecoin

Memecoins rebounded with a strong rally Monday, with popular tokens like Bonk and Pepe featuring among the market's best performers. What Happened: Solana (CRYPTO: SOL)-based canine coin, Bonk, became the biggest gainer in the last 24 hours.

Bonk Memecoin Star Of The Day, Shoots Up Nearly 20% — Pepe And Floki Chart Impressive Gains Leaving Dogecoin, Shiba Inu Trailing In The Dust

The global cryptocurrency market capitalization is trading 3% lower at $2 trillion Friday. Yet the meme coin market valuation plunged 10% in a single day.

Dogecoin, Shiba Inu's 15% Drop In Seven Days Pushes Meme Coin Valuations Down 10%: 'Double Down On Positions'

Shytoshi Kusama, the mysterious lead developer behind the Shiba Inu (CRYPTO: SHIB) project made a public appearance for the first time, although they masked their real self with what looked like a Batman-styled mask.

Shiba Inu Lead Developer Shytoshi Kusama Appears In Japan In Batman-Like Avatar: 'Our Humble King BatBoshi'

Shytoshi Kusama, the mysterious lead developer associated with the Shiba Inu (CRYPTO: SHIB) project, sparked excitement among the community after hinting that they might finally reveal their identity. What Happened: In an X post on Thursday, the suspenseful figure announced their first-ever meet and greet session at the IVS Crypto 2024, promoted as Japan's largest cryptocurrency conference.

Shiba Inu Lead Developer Shytoshi Kusama May Finally Reveal Their Identity, Pens A Cryptic Post

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) reports a surging burn rate and community news about a big upcoming development. What Happened: Shibburn data shows the burn rate increasing by 8,596.6% over the past 24 hours.

'Dogecoin Killer' Shiba Inu's Burn Rate Skyrockets 8,596%: 'Something Special' Is Cooking, Says Marketing Lead

In a recent update, the Shiba Inu (CRYPTO: SHIB) team has hinted at a possible surge in the burn rates of SHIB tokens.

Shiba Inu Marketing Lead Hints At Potential Surge In Burns: 'Cooking Up Something Special'

Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) project, hinted at plans for the aggressive promotion of Web3 across the world.

Shiba Inu Lead Developer Shytoshi Kusama Stirs Up Crypto World With Mysterious Post: 'I've Been Shy And Quiet These Past Few Years

The price of Shiba Inu (SHIB) has fallen below the moving average lines and is approaching the previous low from April 13. Price analysis on July 2024 by Coinidol.com.

Shiba Inu Hits $0.00001664 Low And Reaches Bearish Exhaustion

The world's second-largest memecoin, Shiba Inu (CRYPTO: SHIB), witnessed a massive spike in its burn rate in the last 24 hours, contributing in part to the cryptocurrency's price increase. What Happened: About 301.68 million SHIB tokens were kicked out of circulation, according to the official burn tracker, Shibburn, representing a jaw-dropping 1393% spike.

'Dogecoin Killer' Shiba Inu Gains Momentum After Burn Rate Shoots 1393%

Chainlink

Polkadot

Stellar

The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets.

Coinbase Submits Filings With CFTC To List Futures Contracts for Chainlink, Shiba Inu and Three Other Altcoins

Coinbase submitted five new filings with the Commodity Futures Trading Commission, and the products are slated to trade on or after July 15.

Coinbase submits filings to list futures for SHIB, AVA and other tokens with the CFTC

The meme coin sector is taking a large hit, falling below a $50 billion aggregate market cap, aligning with the crypto market's volatile consolidation. Some of the largest Shiba Inu (SHIB) and Pepecoin (PEPE) holders, known as "whales," are generating buzz with major sell orders amid the sub-$60,000 Bitcoin (BTC) dip.

SHIB and PEPE Whales Ramp Up Selling Amid Bitcoin-Driven Crypto Correction — Nearly $8 Million Worth Of Pepe (PEPE) Coins Deposited To Binance

The memecoin market exploded on the first sign of a broader market recovery Tuesday, resulting in significant gains for both mainstream and smaller cap coins. What Happened: The overall market cap of memecoins surged 12.37% to $49.6 billion in the last 24 hours, led handsomely by blue-chip Ethereum (CRYPTO: ETH)-based coins like Pepe, Dogecoin, and Shiba Inu.

Pepe, Dogecoin, Shiba Inu Back Among Gainers As Memecoins Eclipse Bitcoin, Ethereum Spike

The price of Shiba Inu (SHIB) has come under renewed selling pressure after breaking the lower price zone and falling to its previous low of $0.0000166.

Shiba Inu Falls As Bears Break Tthe $0.0000166 Low

Shiba Inu‘s (CRYPTO: SHIB) burn rate and whale transactions count spiked on early Tuesday morning, with traders predicting bullish price action ahead. What Happened: Shibburn data shows the burn rate increasing by 6,018.2% in the last 24 hours, with 10.2 million coins burned in total.

'Dogecoin Killer' Shiba Inu's Burn Rate Fires Up To 6,018%, 'Price Rebound' May Be Next Thanks To This Indicator

Memecoins turned out to be the saviors of a besieged cryptocurrency market Monday, as dogwifhat, Floki, and Bonk defied the broader market sell-offs to emerge as the biggest gainers. What Happened: A searing rally saw Solana (CRYPTO: SOL)-based WIF and BONK, along with Ethereum (CRYPTO: ETH)-based FLOKI, pump dramatically during the day, reversing the week-long corrective action.

Floki, Dogwifhat, Bonk Record Double-Digit Gains — Dogecoin, Shiba Inu Also Shrug Off Broader Market Bloodbath

Popular dog-themed coin Shiba Inu (CRYPTO: SHIB) cracked on Sunday as the market fell, but readings from key indicators revealed opportunities for bullish traders. What Happened: The second-largest memecoin, also popularly referred to as the Dogecoin (CRYPTO: DOGE) Killer, plunged more than 3% in the last 24 hours, with trading volumes spiking 8.15% at the same time.

'Dogecoin Killer' Shiba Inu Falters — Here Is What These Key Indicators Reveal About Its Short-Term Prospects

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) continue to struggle, as a prominent crypto trader points out the short-term risks and opportunities for the meme coins. What Happened: Dogecoin and Shiba Inu are down 14% and 18% in the last seven days amid a market-wide correction.

What Is Going On With Dogecoin And Shiba Inu?

Popular memecoin Shiba Inu (CRYPTO: SHIB) witnessed a sharp spike in its burn rate over the last 24 hours. However, the deflationary pressure failed to push its price upward.

News for Shiba Inu Crypto (SHIB)