As of September 2023, 589.33 trillion SHIB are in circulation. Then, the Ethereum founder also "burned" 40% of Shiba Inu's total supply to a so-called dead wallet. In May 2021, Buterin donated more than 50 trillion Shiba Inu coins, then worth over $1 billion, to a COVID-19 relief fund in India. However, a significant portion was sent to Ethereum co-founder Vitalik Buterin's wallet. SHIB had an initial supply of 1 quadrillion (1000 trillion) tokens. Given the token's growth in the front of development activity and its charts, many have regarded Shiba Inu as the “ Dogecoin killer.” The rationale behind creating Shiba can be better understood from its “ woof paper.”Īll in all, Shiba Inu's ecosystem consists of the following three tokens: SHIBĪs the original and primary token of the Shiba Inu ecosystem, SHIB operates on the Ethereum (ETH) blockchain as an ERC-20 token. The digital currency has massively evolved its ecosystem while marking consistent growth in its community. The token itself is named after the Shiba Inu dog breed, which has been popularized online and is also the mascot of Dogecoin. Like many other cryptocurrencies, Shiba Inu operates on a decentralized, peer-to-peer (P2P) network. CNN Sans ™ & © 2016 Cable News Network.Shiba Inu (SHIB) is a decentralized cryptocurrency that was initially created as a meme coin, drawing inspiration from Dogecoin (DOGE). Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account That’s it.” Musk’s tweets have frequently moved crypto markets. In a follow up tweet, he added that he has bought “Bitcoin, Ethereum & Doge. Shiba inu coin also surged earlier this week, but lost some recent gains after Tesla CEO Elon Musk - who is a big fan of dogecoin - tweeted that he does not own any shiba inu coin. And for any new coins that we add, we want to feel equally, if not more good,” he added. “We feel very, very good about the coins that we’re currently listing on our platform. That’s an 860% increase from the same period last year.Ī Robinhood spokesperson declined to comment on the petition.īut during an earnings call this week, CEO Vladimir Tenev said that his platform will “carefully evaluate whether we can add new coins in a way that’s safe for customers and in line with regulatory requirements.” It said this week that cryptocurrencies accounted for nearly 20% of its transaction-based revenues in the third quarter, or about $51 million. This year, dogecoin’s record rise put so much pressure on the platform’s crypto trading systems, that it was briefly broken. In 2018, Robinhood started expanding its crypto offerings beyond bitcoin and ethereum to include currencies including litecoin and bitcoin cash. The petition has garnered 334,500 signatures so far. Its dramatic rise this week coincides with rising support for a petition urging trading platform Robinhood to list shiba inu coin on the site. The coin has also won a handful of celebrity backers, from former boy band stars to pro athletes.Įarlier this year, Ethereum co-founder Vitalik Buterin made headlines by donating $1 billion worth of shiba inu coin to a Covid-19 relief fund in India. Shiba inu coin, a meme cryptocurrency, hits all-time high 2GGH24F Shiba Inu or Shib coin standing centrally placed among bunch of crypto coins on blue background.
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