Shiba Inu Coin dead wallet came to live, overtaking Dogecoin with Shiba Inu Coin dead wallet came to live, overtaking Dogecoin with fraud and currently stay on rank 8. Given the massive move higher recently, followed by a just as impressive crash days later, it’s no wonder people might be wondering about the Shiba Inu coin. Sure it features the cute Shiba Inu Japanese dog breed, just like the more famous Dogecoin, but is that where the similarity between the two ends?
Well, if Shiba Inu has a goal of improving on Dogecoin, then I suppose it needs to be a better speculative coin. It hasn’t proven that point yet, but judging by the whitepaper (called a “woofpaper” on the Shiba Inu website), that’s exactly what the founders of Shiba Inu intend.
Let’s have a look at the Shiba Inu project and see what’s under the hood. You can expect this review to be somewhat different than previous project reviews, simply because the information being released by the Shiba Inu team is somewhat different than what you might normally find with a blockchain project.
The Shiba Inu is a medium sized dog that was bred in Japan as a hunting dog for small game. The breed is considered to be “spirited” by the Japanese, and this can make for a dog that is challenging to train.
Shiba’s have also been characterized as stubborn dogs, but others say that “free-thinking” is the best way to characterize this breed. Some have likened the Shiba Inu as the “cats of the dog world”, and this is one reason why they have become spectacularly popular on the internet. Another is the tendency for the Shiba to look like it is always smiling.
The original Doge meme was created from a photo of a Shiba Inu called Kabosu who lives in Japan. In the original photo Kabosu was looking at the camera with paws crossed and some suspicion in her manner. The photo soon appeared in a number of memes, with the now well-known truncated or broken English expressions.
The Shiba Inu coin launched on August 1, 2020 and at the time was priced at less than $0.00000001. With 1 quadrillion tokens minted it remained at that level for some time, but more recently thanks to the increasing interest in Dogecoin, Shiba Inu has also come to life.
nterestingly, the creators of the Shiba Inu coin sent half the total coin supply to Ethereum’s founder Vitalik Buterin, while the other half was locked on Uniswap, with the key thrown away. Or so the Shiba Inu woofpaper claims.