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

The recently launched Shibarium is facing issues as transactions are stuck in a pending state, resulting in over 1,003 ETH (equivalent to $1.79 million) being locked.

$1.79M ETH Stuck on Shiba Inu's Shibarium Bridge Day After Launching

Beleaguered crypto lender Voyager is selling troves of its Shiba Inu (SHIB) holdings as it liquidates millions worth of the crypto asset on the US-based digital asset exchange Coinbase. Data from the blockchain analytics platform Lookonchain shows that in the last several days, Voyager sold 49 different tokens on Coinbase amounting to about $63 million.

Voyager Liquidates 1,396,159,318,339 Shiba Inu (SHIB) on Coinbase As Bankruptcy Process Continues: On-Chain Data

A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of SHIB as the project launches its new layer-2 scaling solution, Shibarium. New data from whale-surveying platform Whale Alert reveals that a deep-pocketed SHIB investor has abruptly shifted a staggering 4,654,881,590,632 tokens, worth about $40.7 million, from one unknown wallet to another unknown wallet.

Mysterious Shiba Inu Whale Abruptly Moves 4,657,881,590,632 SHIB Amid Launch of Shibarium Layer-2 Solution

In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The Protocol is CoinDesk's weekly newsletter devoted to blockchain and crypto technology.

The Protocol: Blockchains Keep Launching, From Sei to Shibarium

The lead developer of memecoin Shiba Inu (SHIB) says that the project's new layer-2 scaling solution Shibarium is doing just fine after experiencing a “massive influx” of users.

Shibarium Developer Claims ‘All Is Well' After ‘Massive Influx' to Shiba Inu (SHIB) Layer-2 Solution

Solana

Shiba inu fell lower for a fifth straight session on Thursday, resulting in the meme coin dropping to a 13-day low. Since hitting a four-month high last Saturday, SHIB has struggled to find a firm floor. On the other hand, Solana ended a recent losing streak.

Biggest Movers: SHIB Slips to 2-Week Low, SOL Snaps Losing Streak

In light of recent concerns surrounding the launch of the Layer 2 network Shibarium (CRYPTO: SHIB), lead developer Shytoshi Kusama said Thursday there are no bridge issues and all user funds remain secure. Contrary to circulating rumors, any screenshots suggesting otherwise have been deemed false by the platform, according to a new blog post from Kusama.

Shibarium Launches To Chaotic Start As Platform Suffers Technical Issues: Developers Say Funds Safe

On August 16, 2023, the Shiba Inu meme coin enthusiasts celebrated the unveiling of the second-layer (L2) blockchain, Shibarium. This platform is designed to bolster decentralized app growth while tackling Ethereum's scalability and transaction fee challenges. Yet, even amidst the celebrations, SHIB, the project's native cryptocurrency, slid over 8% against the U.S.

Turbulence in Shibarium's Debut: $1.7M ETH Stuck and a Crypto Whale Shifts the Tide

The much-anticipated Shibarium layer-2 network has been marred by a key technical issue with its bridge contract.

$1.7M of Ethereum 'Stuck' in SHIB Layer-2 Network Shibarium

The price of Shiba Inu (CRYPTO: SHIB) tokens has experienced a decline of around 8% in the last 24 hours following widespread reports of bridging issues after the launch of the highly anticipated layer-2 Shibarium network on Wednesday. What Happened: Blockchain data from Shibariumscan reveals that transactions on the network were halted for at least five hours.

Shiba Inu Tanks 8% After Problematic Shibarium Launch: Lead Developer Allegedly Says, 'We F***ed Up Hard'

The Shiba Inu (SHIB) ecosystem has unveiled Shibarium, its Ethereum layer-2 network, which marks a significant milestone for the project.

Shiba Inu Launches Shibarium Layer-2 to Ethereum Mainnet

An important tool for the layer 2 service went live on Wednesday to a turbulent start.

SHIB Plunges 9% on Apparent Shibarium Bridge Issues

The core developers of the Shiba Inu (CRYPTO: SHIB) meme coin project have successfully launched Shibarium, their much-awaited layer-2 scaling solution, on the mainnet. What Happened: This launch marks a significant milestone for the project, following the timeline set by lead developer Shytoshi Kusama, who had previously confirmed the debut of the Ethereum-based Layer-2 scaling solution at the Blockchain Futurist Conference in Canada.

Shiba Inu Drives Massive $342M Burn As Shibarium Finally Launches After Much Back And Forth

The speedy layer-2 network is expected to support the various other canine components of an emerging "Shiba Inu State."

SHIB Developers Deploy Layer-2 Shibarium to Ethereum Mainnet

The Shiba Inu (CRYPTO: SHIB) ecosystem, anchored on the Ethereum (CRYPTO: ETH) blockchain, launched its Ethereum Layer 2 blockchain, Shibarium, at the Blockchain Futurist Conference in Toronto. This development followed the successful testnet phase in which Shibarium recorded more than 21 million user wallets, a Wednesday release stated.

Shibarium's Mainnet Goes Live, Boasting Over 21M Wallets From Its Testnet Phase

The much-awaited Shibarium network saw over 21 million wallets created during its testnet phase and is expected to position Shiba Inu as a serious DeFi contender.

Shiba Inu's Ethereum Layer-2 Blockchain Shibarium Goes Live Amid Push for DeFi Growth

Self-proclaimed Dogecoin (CRYPTO: DOGE) killer Shiba Inu's (CRYPTO: SHIB) burn rate is up 110% in the last 24 hours, in anticipation of the launch of much-anticipated layer-2 solution Shibarium. What Happened: Shytoshi Kusama, the lead developer behind the Shiba Inu ecosystem said that Shibarium is "nearly complete.

Shiba Inu Burn Rate Spikes Over 110% After Lead Developer Says Shibarium 'Nearly Complete' — Can $10 Worth Of SHIB Turn You Into A Meme Coin Millionaire Today?

Shiba Inu (CRYPTO: SHIB) fell as much as 7% to the $0.000009-level during Tuesday's session. The popular altcoin fell amid overall market weakness following weak economic data out of China, which has caused global macro pressures.

Why Shiba Inu (SHIB) Is Falling

Pepe

Popular meme coins PepeCoin and Shiba Inu have both enjoyed significant rallies over the past seven days, each rising more than 15%.

Meme Coins PEPE and SHIB Rally Double Digits on the Week

Cardano

Bitcoin

Dogecoin

Litecoin

Tron

Bernstein analysts have called stablecoins the "monster crypto killer-app" that could catapult the $125 billion market to almost $3 trillion in just five years

‘Monster Crypto Killer-App'—Crypto Suddenly Braced For A $2.8 Trillion PayPal Earthquake After Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Litecoin, Solana, Tron And Shiba Inu Price Boom

Shiba inu surged to a multi-month high on Saturday, as the meme coin extended its recent run of bullish momentum. The rally began as a result of the hopes surrounding its upcoming layer 2 launch. Dogecoin also extended recent gains to start the weekend.

Biggest Movers: SHIB Climbs to 4-Month High, as Meme Coins Rally on Saturday

Cryptocurrency analysts of Coinidol.com report, Shiba Inu (SHIB) prices are rising and have been doing so since June 14.

Shiba Inu Reaches The Overbought Zone At A High Of $0.00001100

Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.

Shiba Inu Open Interest Tops $100M, Raises Red Flag For Bitcoin

A closely followed crypto strategist is calling Bitcoin (BTC) an easy trade over the long term due to one possible catalyst. Pseudonymous analyst The Flow Horse, also known as Cantering Clark, tells his 180,900 X followers that he is long-term bullish on BTC because he believes the U.S.

Analyst Says Bitcoin's Going To Be an ‘Easy Long-Term Trade' Due to One Catalyst, Updates Outlook on Shiba Inu

A cryptocurrency analyst has shed light on correlation between two popular meme cryptocurrencies, Shiba Inu (CRYPTO: SHIB) and Dogecoin (CRYPTO: DOGE), suggesting a potential relationship in their price movements. What Happened: Cryptocurrency analyst and trader Ali Martinez shared data from IntoTheBlock which shows a positive correlation coefficient of 0.74 between these digital assets, implying that when the price of Shiba Inu experiences movements, Dogecoin tends to follow suit.

News for Shiba Inu Crypto (SHIB)