The current Shiba Inu price on crypto exchanges is $0.000015**. Its market cap stands at **$8.92 billion, with a -33.06% change in the last 24 hours. SHIB reached a high of $0.000025** and a low of **$0.000015 during this period. Year-to-date, SHIB has declined by -0.29%.
About Shiba Inu
Shiba Inu Coin (SHIB) is an ERC-20 token fueling the Shiba ecosystem. Users can stake, swap, or provide liquidity for three tokens—SHIB, BONE, and LEASH—on ShibaSwap, a decentralized exchange (DEX) offering rewards and interest.
Often dubbed a "meme coin" like Dogecoin, SHIB boasts 1.2 million Twitter followers. Its price volatility frequently makes headlines, with dramatic surges and steep drops.
SHIB Price History
SHIB launched with a 1 quadrillion total supply (1,000,000,000,000,000 tokens). In May 2021, its pseudonymous creator "Ryoshi" burned 50% of the supply by sending it to Ethereum co-founder Vitalik Buterin, who donated 10% to charity and permanently removed the rest from circulation.
👉 Discover how SHIB's supply dynamics impact its price
No burning or halving mechanisms exist to reduce SHIB’s supply further.
Key Price Movements:
- May 2021: SHIB surged 1,953% (from $0.00000172 to $0.00003532), then dropped to $0.00000793 within weeks.
- October 2021: Rose from $0.00000766 to **$0.00002913** in 11 days.
Elon Musk’s influence (e.g., adopting a Shiba Inu puppy named Floki) has often driven SHIB’s price spikes, mirroring Dogecoin’s trends.
How Does Shiba Inu Work?
Unlike typical meme coins, SHIB supports:
- Community-driven dog rescue initiatives.
ShibaSwap DEX, enabling:
- Peer-to-peer trading (
Swap). - Liquidity provision (
Dig) for BONE rewards. - Staking (
Bury) for passive income.
- Peer-to-peer trading (
Token Utilities:
| Token | Role | Supply |
|--------|----------------------------|-------------|
| BONE | Governance (Doggy DAO) | 250 million |
| LEASH | Rebase token (formerly pegged to Dogecoin) | 107,647 |
ShibaSwap Features:
- Bonefolio: Analytics dashboard.
- Shiboshi NFTs: 10,000 unique pixel-art collectibles.
FAQs
What drives SHIB’s price volatility?
SHIB reacts strongly to social media trends, celebrity endorsements (e.g., Elon Musk), and meme coin market sentiment.
Can SHIB reach $1?
Given its massive circulating supply, SHIB would need unprecedented demand or token burns to hit $1.
Is ShibaSwap safe to use?
While audited, always research DeFi platforms and risks like impermanent loss before providing liquidity.
👉 Explore ShibaSwap’s latest metrics