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.

Volatility in shiba inu's (SHIB) dollar-denominated price has plummeted, while the token continues to lose ground against its peer, dogecoin (DOGE).

Shiba Inu's Realized Volatility Tanks as Whale Moves 7T, Hits Record Low Against Dogecoin

The Shiba Inu (CRYPTO: SHIB) team revealed on Wednesday that over $4 million in cryptocurrencies was stolen in the recent hack of its Layer-2 network, Shibarium. Shiba Inu Ready To Pay Bounty A total of 17 different coins were drained out, according to the official X account tied to the SHIB token, including $1 million in Ethereum (CRYPTO: ETH), $1.3 million in SHIB, $717,000 in K9 Finance (KNINE), $680,000 in Doge Killer (LEASH) and $260,000 in ROAR.

Shiba Inu Confirms Hack Losses At $4 Million, Offers Attacker A Deal: 'Full Post Mortem Report' To Follow

Dogecoin

The gap between meme giants Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) widened over the last week, with the former surging on exchange-traded fund optimism while the younger sibling battling hack-induced jitters. DOGE Cheers ETF Optimism Dogecoin was up nearly 12% over the week, emerging as the most successful large-cap cryptocurrency and outgaining the likes of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).

Dogecoin Rides ETF Excitement, While Shiba Inu Wrestles $2.3 Million Fallout — A Tale Of Two Meme Giants

Shytoshi Kusama, the lead ambassador of the Shiba Inu (CRYPTO: SHIB) ecosystem, confirmed Monday that they're actively working with developers to mitigate the impact of the Shibarium hack, calling rumors of their absence as “preposterous.” Shytoshi Hasn't Deserted SHIB Ecosystem Amid Hack The pseudonymous personality posted on X after a gap of over a month, clarifying that despite shifting their focus toward AI initiatives, they haven't lost sight of the breach that resulted in thefts of over $2 million.

Shytoshi Kusama Breaks Silence On $2.3 Million Shibarium Hack —Working With Devs In 'War Room,' Absence Rumors 'Preposterous'

The Shibarium bridge, a layer-2 scaling solution for the Shiba Inu ecosystem, was recently targeted in a sophisticated flash loan attack, resulting in the drainage of approximately $2.4 million, according to the report by Coinidol.com.

Shibarium Bridge Hacked: A $2.4M Flash Loan Attack Explained

Top meme tokens traded under pressure as a multimillion dollar hack of Shiba Inu's layer-2 network, Shibarium, dented investor confidence in joke cryptocurrencies.

Memecoins Under Pressure as SHIB, Dogecoin Slide After Shibarium Loses $2.4M in Hack

Ethereum

The Shiba Inu (CRYPTO: SHIB) team posted a detailed account of the hacking incident that impacted its ecosystem on Saturday, including details about the assets affected and subsequent actions taken. Flash Loan Attack On Shibarium According to the official X account tied to the SHIB token, the attacker acquired 4.6 million Bone ShibaSwap (CRYPTO: BONE), the governance token of Shiba Inu's Layer 2 network Shibarium, through a flash loan and momentarily gained validator voting power.

Shiba Inu's Layer-2 Network Breached, Over $1 Million Each in Ethereum, SHIB Stolen: How It Was Done

The Shibarium bridge, which connects Shiba Inu's layer two (L2) network to Ethereum, was targeted in a flash loan exploit that drained around $2.4 million in ether ( ETH) and the meme coin shiba inu ( SHIB) on Sept. 13, according to developer statements and several security alerts. Security Firms Join Shibarium Inquiry Following $2.

Flash Loan Attack Hits Shibarium Bridge, Draining $2.4 Million

Shiba Inu developers offered a bounty to the attacker in exchange for the return of the funds, as investigations into the incident continue.

Shibarium bridge suffers ‘sophisticated' flash loan attack, with $2.4 million drained

Shiba Inu's layer-2 network, Shibarium, was hit by a coordinated exploit that saw an attacker use a flash loan to gain control over a validator, drain assets from its bridge and trigger a temporary shutdown of staking operations.

BONE Price Surges 40% After Shibarium Flash Loan Exploit

Shiba Inu (SHIB) is looking to establish a foothold above the 200-day simple moving average (SMA) as whales boost their dogecoin (DOGE) stash to a nearly four-year high.

Shiba Inu Looks to Scale 200-day SMA as DOGE Whales Boost Coin Stash to 10B

Shiba Inu developers said on Tuesday the long-delayed LEASH v2 migration will begin in the coming days after security firm Hexens signed off on the new token and its migration contract.

Shiba Inu Developers Clear Final Hurdle for LEASH v2 Migration

Shiba Inu (CRYPTO: SHIB) is up 4%, with traders pointing to further upside thanks to the growing ecosystem momentum. Cryptocurrency Ticker Price Market Cap 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001277 $7.5 billion +4.6% Dogecoin (CRYPTO: DOGE) $0.2367 $35.7 billion +10.3% Pepe (CRYPTO: PEPE) $0.00001015 $4.3 billion +5.7% Trader Notes: Crypto trader Javon Marks suggested SHIB may be on the verge of a major bullish reversal, targeting +150% upside toward $0.000032.

Shiba Inu Burn Rate Jumps 1,682% In Single Day: What's Going On?

Shiba Inu (CRYPTO: SHIB) has gained about 2% after becoming the first meme coin listed on Folks Finance, a cross-chain DeFi lending platform. Cryptocurrency Ticker Price Market Cap 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001248 $7.4 billion -0.4% Dogecoin (CRYPTO: DOGE) $0.2176 $32.8 billion -1.5% Pepe (CRYPTO: PEPE) $0.059829 $4.1 billion -2.7% Trader Notes: Crypto trader Nebraskangooner flagged that SHIB remains below its daily 99 SMMA, suggesting downside pressure.

Shiba Inu Jumps 2%: What Is Going On?

Chainlink

Shiba Inu (CRYPTO: SHIB) edged higher on Tuesday as it became the first meme coin to be listed on the leading cross-chain decentralized finance protocol, Folks Finance. Cross-Chain Trading For SHIB SHIB's official X handle confirmed that the coin will now be available for lending and borrowing on Folks Finance, letting holders earn yields or use their tokens as collateral across multiple blockchains.

Shiba Inu Token Now Eligible For Cross-Chain Lending, Borrowing Supported By Chainlink

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are holding ground despite broader market volatility, trading in tight ranges over the past week. Cryptocurrency Ticker Price Market Cap 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2115 $31.9 billion +0.5% Shiba Inu (CRYPTO: SHIB) $0.00001226 $7.2 billion +0.7% Pepe (CRYPTO: PEPE) $0.059607 $4.03 billion -3.6% Trader Notes: Crypto trader Javon Marks highlighted that Shiba Inu has confirmed a bullish MACD divergence, signaling the potential for a major upside reversal.

Dogecoin, Shiba Inu Go Sideways (Again): Will They Ever See Another Bull Run?

Shiba Inu (CRYPTO: SHIB) has seen its burn rate skyrocket over the last day, helping shift momentum from a downtrend into an uptrend.

Shiba Inu Burn Rate Soars 508%: What Is Going On?

Shiba Inu (SHIB) has gained over 2% in the past 24 hours, with bulls defending key support levels on the back of strong volumes.

Shiba Inu Bulls Defend Dual Support With 1T Volume. What Next?

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) each lost about 22% over the past month, but analysts highlight signals of accumulation and setups for a potential rebound. Cryptocurrency Ticker Price Market Cap 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2147 $32.3 billion -13.2% Shiba Inu (CRYPTO: SHIB) $0.00001232 $7.3 billion -11.2% Pepe (CRYPTO: PEPE) $0.00001038 $4.4 billion -15.9% Trader Notes: Crypto Zeinab compared Dogecoin to replicating its 2024 setup with a rounding bottom in play.

Dogecoin, Shiba Inu Drop 22% In A Month: What Is Going On?

The team behind the Shiba Inu (CRYPTO: SHIB) token announced Sunday that it will co-organize a cryptocurrency and K-pop event in South Korea, featuring hip-hop icons such as Gray and Loco. What Happened: In an X post, the official X account of the SHIB token teased the “1001 Festival” event, set to take place in Seoul on Sept.

Shiba Inu Coin Teams Up For K-Pop Festival With Squid Game Challenges And Top Korean Rap Stars

Cardano

Solana

Bitcoin (BTC) hit a record high above $124,000, and momentum has since eased off. Analysts said profit-taking by long-term holders has been capping gains above $120,000 since mid-July.

Markets Today: ADA, SOL Lead Futures Market Activity, SHIB Burn Rate Explodes

Shiba Inu (CRYPTO: SHIB) has seen a massive spike in its burn rate, fueling a 5% price gain, with potential further upside on the cards. Cryptocurrency Ticker Price Market Cap 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001380 $8.1 billion +14% Dogecoin (CRYPTO: DOGE) $0.2455 $36.9 billion +22.8% Pepe (CRYPTO: PEPE) $0.00001223 $5.1 billion +19.4% Trader Notes: Shib Army member Shib Knight highlighted SHIB's bullish momentum, pointing to a series of higher lows that suggest tests of upcoming resistance levels may be on the horizon.

Shiba Inu Burn Rate Soars 48,320% As SHIB Spikes 5%: Is It Time?

Dog-themed cryptocurrency Shiba Inu (CRYPTO: SHIB) has seen a massive 643% increase in large holder netflows. What Happened: According to data from IntoTheBlock, this surge indicates a bullish shift among the large holders or ‘whales' of Shiba Inu.

Shiba Inu Witnesses Whopping 643% Surge in Large Holder Netflows

Shiba Inu's (CRYPTO: SHIB) burn rate has exploded, reigniting trader optimism for a potential bullish breakout. Cryptocurrency Ticker Price Market Cap 7-Day Trend Shiba Inu (CRYPTO: SHIB) $0.00001265 $7.5 billion -2.7% Dogecoin (CRYPTO: DOGE) $0.2133 $32 billion -3.5% Pepe (CRYPTO: PEPE) $0.00001085 $4.6 billion -5.1% Trader Notes: Crypto trader Javon Marks highlighted that SHIB recently confirmed a bullish divergence, a signal that often precedes sharp upside moves.

Shiba Inu Burn Rate Skyrockets 3,465% In A Day — Is A Major Price Surge On The Horizon?

Shiba Inu's (SHIB) Bollinger bands have contracted to their tightest level since February 2024 on the weekly chart. This classic technical signal suggests the meme coin is consolidating for a potentially large and imminent price swing.

News for Shiba Inu Crypto (SHIB)