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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.

Ethereum

Chainlink

While the cryptocurrency market edged lower Thursday, several of the most popular coins showed a strong bullish indication. What Happened: Ethereum, Shiba Inu, and Chainlink endured significant losses during the day, as indicated below.

Shiba Inu, Ethereum, Chainlink Flash This 'Long-Term Bullish Signal' Despite Recent Drop

The broader market rally failed to galvanize Shiba Inu (CRYPTO: SHIB), as the popular dog-themed memecoin plunged sharply after morning gains. What Happened: SHIB, also known as Dogecoin (CRYPTO: DOGE) Killer, dropped nearly 2% in the last 24 hours, even as the rest of the market, including memecoins, recorded significant gains.

'Dogecoin Killer' Shiba Inu Trades In The Red Despite Broader Market Surge — Here Is What These Key Indicators Tell Us About Its Near-Term Future

Shiba Inu (CRYPTO: SHIB) has spiked on a positive CPI data print alongside a significant surge in its burn rate. What Happened: The burn rate spiked 16,856% in the past 24 hours, with one single transaction burning 225.6 million coins.

'Dogecoin Killer' Shiba Inu Spikes 6%, As Burn Rate Explodes By 16,856%

Dogecoin

Pepe

dogwifhat

The meme coin economy is thriving on Wednesday, ahead of the U.S. Federal Reserve meeting, as the sector saw nearly $4 billion injected over the last 12 hours. Several meme tokens experienced substantial gains, with BENJI rising 36.9%, MAGA increasing 23.2%, and the runes-based DOG gaining 22.1%. Crypto Market Rises 3.

Meme Coin Economy Gains $4 Billion Capital Injection Ahead of Fed Meeting

If Bitcoin (CRYPTO: BTC) spot ETFs can gobble upwards of $15 billion in inflows, and Ethereum (CRYPTO: ETH) spot ETFs are set to open for trading soon, why should Shiba Inu (CRYPTO: SHIB) stay behind? What

Shiba Inu Spot ETF Petition Crosses 10K Signatures: Wishful Thinking Or Inevitable Reality?

Meme coins remain a major force in the cryptocurrency market and drive major trading volume, according to a new research report. What Happened: The Coinmetrics report highlights that meme coins, including popular tokens like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), have garnered substantial attention, achieving $13 billion in trading volumes over a seven-day period in March.

Dogecoin, Shiba Inu Continue To Drive High Trading Volume, Report Finds

The recent performance of meme coins has sparked a debate among crypto experts about whether they can maintain their popularity and achieve long-term growth without significant innovation. What Happened: Meme coins have not performed as well as during the first quarter of the year.

Why Are Dogecoin, Shiba Inu And Other Meme Coins Struggling?

Meme coins have taken a beating following the market-wide downturn led by Bitcoin selling off below the $67,000 mark. What Happened: CoinGecko data shows a 7.5% drop in the market capitalization of meme coins over the past 24 hours.

Dogecoin, Shiba Inu, Pepe Take A Beating: '1 Day' Is A Meme Coin's Average Life Cycle, Trader Notes

Floki Inu (CRYPTO: FLOKI) announced the launch of its new name service enhancing utility and fundamentals of the ecosystem, prompting renewed bullish price predictions from analysts. What Happened: Floki announced that its "Floki Name Service" is now available exclusively on BNB Chain mainnet.

Floki Inu Launches 'Name Service' Adding Higher Utility, Leaves Dogecoin, Shiba Inu In Dust With 47% Monthly Gains

Shiba Inu's (CRYPTO: SHIB) burn rate shot up exponentially in the last 24 hours amid a sharp increase in the transactions on the layer-1 blockchain, Shibarium. What Happened: Around 7.7 million SHIB tokens were kicked out of circulation, according to data from Shibburn, marking an astounding 13458.99% jump.

'Dogecoin Killer' Shiba Inu's Burn Rate Explodes 13458% As Shibarium Transactions Spike, 7.7M SHIB Kicked Out Of Circulation

Shiba Inu (CRYPTO: SHIB) is currently witnessing elevated burn rates alongside a bullish technical momentum. What Happened: In the past 24 hours, Shiba Inu's burn rate surged 15,654.2%, with a single transaction involving 1.03 million coins burned around two hours ago.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 15,600% Bu Does Technical Analysis Confirm A Bullish Bias?

Shiba Inu (SHIB) prices have been moving in a range since April 13, 2024 when the price dropped.

Shiba Inu Continues Its Range And Stops Its Slide Above $0.00002200

Cardano

A handful of crypto assets have been witnessing “exploding” whale activity amid an uptick in digital asset prices this week, according to the analytics firm Santiment.

Cardano, Shiba Inu and One Ethereum-Based Altcoin Witness ‘Exploding' Whale Activity, Says Santiment

Pepe (CRYPTO: PEPE) and Shiba Inu (CRYPTO: SHIB) are seeing strong interest from whales, which prompted traders to remain optimistic about their future price trajectories. What Happened: On-chain data analytics platform The Data Nerd noted one whale withdrawing 199 billion PEPE ($2.9 million) and 37 billion SHIB ($964,000) within the past 12 hours.

Whale Has 82% Of Portfolio In PEPE and SHIB, Moves $3M Off Exchange: Is '$10-$12B Market Cap' Next?

Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of this year.

Meme Coin Institutional Holdings Surged Since January, Led by DOGE, SHIB, PEPE

Shytoshi Kusama, the mysterious lead developer of Shiba Inu (CRYPTO: SHIB), hinted at massive plans for the ecosystem while responding to Ethereum (CRYPTO: ETH) creator Vitalik Buterin's skepticism of projects lacking long-term ambitions. What Happened: Buterin took to social platform X to express displeasure with the mushrooming of celebrity memecoins lately.

Shiba Inu's Shytoshi Kusama Indicates 'Massive Plans' For The Crypto Project In Response to Ethereum Creator Vitalik Buterin

Whale investors, known to move cryptocurrency markets with their moves, are showing significant interest in coins like Shiba Inu, Cardano, and the latest sensation, JasmyCoin. What Happened: Large transactions, worth at least $100,000, for each of these cryptocurrencies have more than doubled this week compared to the 2024 averages, according to on-chain analytics firm Santiment.

Whale Accumulation Drives Shiba Inu, Cardano, JasmyCoin Upwards: Do They Know Something We Don't?

A deep-pocketed entity who made $120 million on Shiba Inu (SHIB) is suddenly accumulating the memecoin again, according to on-chain data. The blockchain tracking firm Lookonchain reports that “a SHIB super big winner” just spent 4,849 Ethereum (ETH), worth $18.44 million at the time, to buy 715.9 billion SHIB.

Trader That Made $120,000,000 on Shiba Inu Begins Accumulating SHIB Again: On-Chain Data

‘Dogecoin Killer' Shiba Inu (CRYPTO: SHIB) is cheering the significant whale movements in the meme coin leading to an upbeat momentum in Shibarium statistics. What Happened: Lookonchain data revealed that a major Shiba Inu investor spending 4,849 Ethereum (CRYPTO: ETH), equivalent to $18.44 million, to acquire 715.9 billion SHIB over the past day.

This Shiba Inu 'Super Big Winner' Whale Is Already Up $120M But Still 'Buying Crazily:' 715B SHIB In 6 Hours

Jeo Boden, a meme coin parodying President Joe Biden , has been listen by cryptocurrency exchange Kraken, prompting its price to surge by over 40%. What Happened: The exchange announced the listing of BODEN (CRYPTO: BODEN) and TREMP (CRYPTO: TREMP), a meme coin parodying former President Donald Trump, on its X profile.

Biden-Parodying 'Jeo Boden' Skyrockets 40% On Kraken Listing, Leaves Dogecoin, Shiba Inu, Dogwifhat In The Rear View Mirror

Shytoshi Kusama, the mysterious lead developer and co-founder of the Shiba Inu (CRYPTO: SHIB) project, shared intriguing updates from his Middle East trip, sparking curiosity among the memecoin's fanbase. What Happened: On Tuesday, Kusama posted about his experiences in the Middle East, expressing his admiration for the culture and his connections there.

Shiba Inu Lead Developer Shytoshi Kusama Ignites Excitement With Cryptic Middle East Post, Memecoin Bounces 8%

Bonk

Traders are increasingly bullish on Bonk (CRYPTO: BONK) following its listing on the CF Index. What Happened: Bonk has been included in the CF Broad Cap Index alongside cryptocurrencies like Pepe, Fetch.ai and Sei.

BONK Added To CF Index Alongside Dogecoin And Shiba Inu, BonkBot Burns 1.2B Tokens

Over the weekend, Based Brett became the first meme coin on Base to reach a $1 billion market capitalization.

Pepe, BONK, Floki and Shiba Inu Post Losses—But Based Brett Is Rising

Shiba Inu (CRYPTO: SHIB) witnessed a significant increase in the past 24 hours burn rate, with traders bullish about its upcoming price momentum. What Happened: Shibburn data noted a spike of 1,441.7% in the burn rate over the past 24 hours, led by a single transaction burning 21.3 million coins around five hours ago.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 1,442%, Trader Predicts Price 'Potentially Doubling Or Even Tripling'

Pseudonymous trader Unipcs, better known as “Bonk Guy,” predicted a strong week for meme coins, with Floki (CRYPTO: FLOKI) being the most interesting. What Happened: On Monday, Unipcs compared Floki's chart against several other cryptocurrencies, including Tether, Bitcoin, Dogecoin (CRYPTO: DOGE) and Pepe (CRYPTO: PEPE).

News for Shiba Inu Crypto (SHIB)