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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.

The price of Shiba Inu (SHIB) has dropped significantly and is now at its lowest point on the chart.

Shiba Inu Continues To Depreciate And Hold Above $0.00000657

Despite a slight rebound in price, shiba inu remained near its lowest level in 21 months during Friday's session. Overall, the global cryptocurrency market cap was marginally higher, climbing by 1% as of writing. XRP was an exception, dropping to a three-week low today.

Biggest Movers: SHIB Remains Close to 21-Month Low, Following Recent Bear Run

Shannon Bray, a gubernatorial candidate in North Carolina on Wednesday said that he is buying Shiba Inu (CRYPTO: SHIB) with his next paycheck. What Happened: Bray was responding to a social media that asked which meme coins users are buying during 2023, Bray revealed he plans to buy SHIB with his next paycheck.

North Carolina Politician Says He's Buying Shiba Inu With Next Paycheck: 'Nothing Else Will Ever Gain That Traction'

Dogecoin

Crypto whales abruptly moved nearly $60 million worth of top memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) in a 24-hour period earlier this week. The largest single transaction involved an unknown wallet sending 360 million DOGE worth more than $21 million to another unknown wallet, according to the blockchain tracker Whale Alert.

Crypto Whales Abruptly Move Nearly $60,000,000 in Dogecoin and Shiba Inu – Here's Where the Crypto Is Going

Shiba Inu (CRYPTO: SHIB) was trading slightly higher during Tuesday's 24-hour trading session, showing strength compared to Dogecoin (CRYPTO: DOGE), which was trading lower in tandem with the wider crypto sector after consumer price date released by the U.S. Labor Department showed inflation came in lower-than-expected. The Shiba Inu-themed crypto, dubbed the “doge killer,” looked to be settling into a bear flag pattern on the daily chart, despite the slight increase.

Shiba Inu Shows Strength Vs. Dogecoin But Prints A Bearish Pattern: Bull, Bear Case

A large whale added over $10 million worth of SHIB tokens on Tuesday, data shows.

Shiba Inu Testnet Blockchain 'Puppynet' Crosses 20M Transactions

A mysterious whale has been accumulating massive amounts of a particular meme token Shiba Inu (CRYPTO: SHIB), over the past few hours. What Happened: The whale in question accumulated 1.5 trillion SHIB worth $10 million from Binance and Coinbase, according to data from block explorer and analytics platform data Etherscan, first noted on Lookonchain.

Shiba Inu Whale Accumulates $10M From Coinbase, Binance Amid SEC's Legal Battle Against Crypto Exchanges

Blockchain-tracking service Whale Alert reported on Friday that an unknown crypto whale moved a total of 4,000,379,151,023 Shiba Inu (CRYPTO: SHIB) worth $31.7 million from Shiba Staking to the crypto exchange Binance. 4,000,379,151,023 #SHIB (31,709,005 USD) transferred from Shiba Staking to #Binance https://t.co/eqntWcrNf0 — Whale Alert (@whale_alert) June 9, 2023 In March, nearly 25 trillion SHIB worth a quarter of a billion dollars were securely moved off one of the crypto exchanges and placed in cold storage, according to new on-chain data.

A Shiba Inu Whale Moved $31.7M Worth SHIB In A Massive Transaction. Here's Where The Crypto Went.

Polygon

Solana

The cryptocurrency space was swathed in a sea of red Saturday morning, as most altcoins pulled back sharply. What Happened: The sharp pullback came amid the SEC's lawsuits against cryptocurrency exchanges Binance and Coinbase Global, Inc. (NASDAQ:COIN).

Crypto Mayhem On Saturday: Why Polygon, Solana, Dogecoin, Shiba Inu, And Other Altcoins Are Tumbling

An unknown crypto whale is suddenly moving trillions of Shiba Inu (SHIB) tokens as the top memecoin dipped this week. Blockchain-tracking service Whale Alert notices that a deep-pocketed entity moved a total of 4,000,379,151,023 SHIB worth $31.7 million from Shiba Staking to the top global crypto exchange Binance. Shiba Inu was trading for about $0.

Shiba Inu Whale Abruptly Moves 4,000,379,151,023 SHIB in Massive Transaction – Here's Where the Crypto Is Going

The price of Shiba Inu (SHIB) has fallen despite an earlier price forecast.

Shiba Inu Tests The Low Of 0.00000776 And Holds Above The Historical Price Level

Buterin said the new donation would work toward reducing the long-term impact of coronavirus.

Vitalik Buterin's Shiba Inu Donations to Power New Round of India Covid Relief Funds

Popular dog-themed meme asset and Dogecoin (DOGE) rival Shiba Inu (SHIB) is releasing a trailer for its much anticipated Rocket Pond metaverse. In a new announcement, the development team behind the memecoin has released a one-minute trailer showcasing Rocket Pond, the ecosystem's upcoming land-based metaverse.

Dogecoin Rival Shiba Inu Releases Trailer for Upcoming Rocket Pond Metaverse

Shina Inu (CRYPTO: SHIB) was sliding about 3.5% lower during Wednesday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE) and much of the crypto sector. The bears were attempting to break Shiba Inu down from a double inside bar pattern, but having some difficulty due to lower-than-average volume.

Shiba Inu Slides In Tandem With Dogecoin Following 1-Day Crypto Rally: The Bull, Bear Case

The price of Shiba Inu (SHIB) is dropping below the moving average lines and starting to consolidate again above $0.00000835.

Shiba Inu Is In A Limited Span And Is On The Verge Of An Upswing Or Collapse

AliExpress, the global online retailer of tech giant Alibaba, is adding support for a memecoin that rivals Dogecoin (DOGE) and Shiba Inu (SHIB).

Alibaba's Global Online Retailer Adds Payments Support for Top Dogecoin (DOGE) and Shiba Inu (SHIB) Rival

A leading blockchain analytics firm says that a huge percentage of Shiba Inu (SHIB) and Floki (FLOKI) holders are underwater. According to IntoTheBlock, 81% of SHIB holders are sitting on losses, just 16% are profitable and 3% are breaking even. SHIB is trading for $0.00000851 at time of writing, down 90.

More Than 75% of Shiba Inu and Floki Investors Are Sitting on Losses: Crypto Analytics Firm IntoTheBlock

Shiba Inu (CRYPTO: SHIB) was flat during Thursday's 24-hour trading session, in tandem with Dogecoin, which was continuing to trade mostly sideways. The crypto sector has been in a lull recently, with many coins and tokens trading on lower-than-average volume.

Shiba Inu Lies Low With Dogecoin Amid Weak Trading Volume: What Bulls Want To See

The Bitcoin (CRYPTO: BTC) 2023 annual convention kicked off on Wednesday at a giant expo hall in Miami Beach where companies presented their services and products to visitors. What Happened: According to a report by MarketWatch, brightly logoed T-shirt-wearing teams of salespeople lured attendees with conference swag, but it was the idiosyncrasies of the conference that caught attention.

At Bitcoin 2023 Conference Bazaar, Dogecoin And Shiba Inu Find Themselves In The Toilet Bowl

Litecoin

Shiba inu moved closer to a six-month low on Wednesday, as sentiment in cryptocurrency markets shifted bearish. Litecoin was another notable token to fall, slipping by over 4% today. The global market cap is currently down by over 2% at the time of writing.

Biggest Movers: SHIB Nears 6-Month Low, Whilst LTC Drops by 4% on Wednesday

Pepe

Interest in meme coins surged to an all-time high on TikTok during the May 2023 crypto meme coin rally. What Happened: According to data from CoinGecko, the interest in the memecoin hashtag peaked at the maximum level of 100 in May, suggesting that crypto TikTok has grown as a community on the platform.

TikTok Goes Crazy For Dogecoin, Shiba Inu And Pepe Coin As Memecoin Mania Sweeps Internet

A report has revealed that a staggering 79.86% of addresses associated with the Shiba Inu (CRYPTO: SHIB) token have incurred losses reaching six figures. What Happened: The addresses collectively hold an astonishing 887.86 trillion SHIB, which equates to a value of $7.81 billion and accounts for 90.31% of the total Shiba Inu supply.

Nearly 80% Of Shiba Inu Holders Have Raked Up Losses Touching Six Figures — Over A Third Purchased Within This Range

Shiba Inu (SHIB) has experienced less selling pressure since May 8 when it hit a low of $0.00000835.

Shiba Inu Reaches $0.00000900 High Again Selling Pressure

The highly anticipated mainnet launch of Shiba Inu's (SHIB) layer-2 blockchain project Shibarium is fast approaching, according to a SHIB team member. Lucie, a content market specialist for Shiba Inu, says that the Shibarium mainnet launch is expected in the second or third quarter of 2023.

Shiba Inu's Shibarium Mainnet Launch Nears As Testnet Transactions Surge to Over 12,000,000 – Here's the Timeline

Shiba Inu (CRYPTO: SHIB) was trading slightly lower during Thursday's 24-hour trading session, in tandem with Dogecoin (CRYPTO: DOGE). In contrast, Bitcoin and Ethereum were holding flat, propped up by the general market, which saw the S&P 500 trading about 0.8% higher.

News for Shiba Inu Crypto (SHIB)