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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 meme coin Shiba Inu (CRYPTO: SHIB) has lost almost 55,000 holders in the last 10 days, resulting in a downtrend in its price. On March 15, there were 1,198,789 holders of the memecoin.

DOGE Killer Shiba Inu Loses About 55k Holders In Just 10 Days: Here's What It Means For You

Shiba Inu (SHIB) is a meme coin that is sometimes pitched as a "Dogecoin (CRYPTO: DOGE) killer." The token is the fifteenth largest coin by market cap, according to CoinMarketCap data.

If You Purchased $100 Worth Of Shiba Inu Coin Each Time It Was Listed By A Major Exchange, Here's How Much You'd Have Now

The rate at which Shiba Inu (CRYPTO: SHIB) tokens are burned has sped up drastically over the last few months.

263 Billion Shiba Inu Burned Since October 2021: This New Feature Could Speed Up Token Burns

Dogecoin

Dogecoin (CRYPTO: DOGE) and Ethereum (CRYPTO: ETH)-based token Shiba Inu (SHIB) have their own legions, but recent data indicates that waning interest in the two meme cryptocurrencies is paralleled by a d

Dogecoin And Shiba Inu Data: Is Waning Interest Leading To Decline In Number Of Hodlers?

One of the biggest Ethereum investors in the world has an appetite for leading memecoin Shiba Inu (SHIB), according to data from WhaleStats. Ethereum whales are defined as entities with at least 1,000 ETH in their wallets. According to the whale-tracking platform, the 216th-ranked Ethereum whale just bought 3,713,675,424,944 SHIB tokens worth over $89 million […] The post Ethereum Whale Initiates Massive $90,000,000 Shiba Inu (SHIB) Transaction As Top Memecoin Bounces appeared first on The Daily Hodl.

Ethereum Whale Initiates Massive $90,000,000 Shiba Inu (SHIB) Transaction As Top Memecoin Bounces

While most digital currencies have seen gains during the last month, the meme token called shiba inu has lost more than 17% during the last 30 days. Despite the fact that shiba inu is down 72% from the crypto asset's all-time high, shiba inu is still up 37,130% against the U.S. dollar over the last […]

The Number of SHIB Holders Shudders in 3 Days, Shiba Inu Slid 17% in Value Last Month

The second-largest meme coin Shiba Inu (CRYPTO: SHIB) has recently witnessed a massive loss of over 30,000 holders in a single day.

Dogecoin Rival Shiba Inu Loses Over 30,000 Holders In Single Day, ETH Whales Keep Accumulating SHIB

Major memecoin Shiba Inu (CRYPTO: SHIB) saw the average balance of its holders more than triple while SHIB trading volume skyrocketed.

Shiba Inu Average Balance Triples As Volume Skyrockets By 500%

The cryptocurrency space has experienced considerable volatility thus far in 2022 amid abounding risks. Meme coin Shiba Inu (CRYPTO: SHIB), which peaked slightly ahead of most of its peers in 2021, experienced a steep sell-off at the start of 2022.

Why Is Shiba Inu Trending On CoinMarketCap?

Cardano

Polygon

A leading analytics firm says the majority of Shiba Inu (SHIB), Cardano (ADA) and Polygon (MATIC) holders are still losing money on their investments despite a small boost in the crypto markets this week. In a new blog post, IntoTheBlock says Cardano holders are doing the worst out of the three, with about 82% of […] The post More Than 60% of Shiba Inu, Cardano and Polygon Holders Nursing Losses Amid Weak Crypto Bounce – Analytics Firm appeared first on The Daily Hodl.

More Than 60% of Shiba Inu, Cardano and Polygon Holders Nursing Losses Amid Weak Crypto Bounce – Analytics Firm

Leading meme coins SHIB and DOGE have faced an uphill battle this week, with their price action remaining deep in the red.

Meme Coins Dogecoin, SHIB Continue Week-Long Slump

Dogecoin, Shiba Inu Continue Week-Long Slump

Cryptocurrency exchange Crypto.com has added Shiba Inu (CRYPTO: SHIB) — the self-described “Dogecoin (CRYPTO: DOGE) killer” — to its decentralized finance (DeFi) wallet.

Shiba Inu Gets Added To Crypto.com DeFi Wallet

Major memecoin Shiba Inu (CRYPTO: SHIB) saw an astonishing uptick in the rate at which its tokens are being burned — which means they are being destroyed permanently, diminishing SHIB's circulating supply and acting as a deflationary mechanism.

Shiba Inu Burn Rate Is Up 6,700%: The Supply Is Going Up In Flames

According to a new report, the development team behind the Shiba Inu (CRYPTO: SHIB) has started testing the burn portal developers announced

Shiba Inu Developers Begin Testing Burn Portal, Announce Defense Team To Protect Crypto

The world's largest movie exhibition company, AMC Entertainment, has finally begun accepting payments in dogecoin and shiba inu. Supporters of DOGE and SHIB have been waiting for AMC Theatres to accept the two meme cryptocurrencies since September last year. AMC Customers Can Now Pay With Dogecoin and Shiba Inu AMC Theatres now accepts payments in […]

AMC Theatres Now Accepts Dogecoin and Shiba Inu Crypto Payments

The chief executive officer of movie theater chain AMC says that the cinema giant is finally going to accept crypto meme assets Shiba Inu (SHIB) and Dogecoin (DOGE) as payment options. AMC CEO Adam Aron took to Twitter to tell his 243,000 subscribers that the company is adding dog-themed tokens to the list of cryptocurrencies […] The post Movie Theater Giant AMC Now Accepts Dog-Themed Meme Coins Shiba Inu (SHIB) and Dogecoin (DOGE), According to CEO appeared first on The Daily Hodl.

Movie Theater Giant AMC Now Accepts Dog-Themed Meme Coins Shiba Inu (SHIB) and Dogecoin (DOGE), According to CEO

Ethereum

The richest Ethereum (ETH) whales in the world are accumulating a top ETH competitor as the overall crypto market continues to pull back. WhaleStats reports on Twitter that scalable smart contract-enabled blockchain Fantom (FTM) became the top target of the 500 biggest ETH address on record over one 24-hour period this week, flipping popular dog-themed […] The post Whales Dive Into Top Ethereum (ETH) Competitor and Ditch Shiba Inu (SHIB) As Crypto Volatility Returns appeared first on The Daily Hodl.

Whales Dive Into Top Ethereum (ETH) Competitor and Ditch Shiba Inu (SHIB) As Crypto Volatility Returns

Movie theater chain AMC Entertainment Holdings Inc. (NYSE: AMC) has started to accept Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO:

Such Speed, Much Wow! AMC Begins Accepting Dogecoin And Shiba Inu A Week Ahead Of Schedule

Major cryptocurrency exchange Binance said on Tuesday it would distribute $100,000 worth of Shiba Inu (CRYPTO: SHIB) tokens to new users as part of a new promotional strategy.

This Crypto Exchange Is Giving Away $100,000 Of Shiba Inu To New Users — With Conditions Attached

According to the crypto exchange, a welcome bonus of anywhere between 100,000 SHIB ($2.59) and 308,000 SHIB ($7.98) will be available.

Binance Giving Away $100,000 in SHIB to New Users

Meme coin Shiba Inu (CRYPTO: SHIB) overtook FTX Token (CRYPTO: FTT) — the native coin of major U.S.

Shiba Inu Overtakes FTX Token As Ethereum Whales' Darling

The world's richest Ethereum (ETH) whales are now holding massive amounts of one stablecoin and two additional altcoins, according to the blockchain tracker WhaleStats. The top 500 ETH addresses on record now hold more of Circle's dollar-pegged stablecoin, USD Coin (USDC), than any other asset. The whales own $1.64 billion worth of USDC, representing 13.38% […] The post Crypto Asset Overtakes Shiba Inu (SHIB) As Biggest Altcoin Holding Among Top 500 Ethereum Whales appeared first on The Daily Hodl.

Crypto Asset Overtakes Shiba Inu (SHIB) As Biggest Altcoin Holding Among Top 500 Ethereum Whales

Shiba Inu (CRYPTO: SHIB), the self-described “Dogecoin (CRYPTO: DOGE) killer,” is now listed on London-based digital payment platform Wirex.

Shiba Inu Gets Listed On London-Based Wirex

Shytoshi Kusama — the pseudonymous programmer leading the development team of meme coin Shiba Inu (CRYPTO: SHIB) — in a tweet late Sunday took a dig at Dogecoin (CRYPTO: DOGE) co-found

News for Shiba Inu Crypto (SHIB)