Shiba Inu (SHIB) has cemented its position as one of the most prominent meme tokens in the cryptocurrency space since its launch in 2020. Built on the Ethereum blockchain, SHIB started as a community-driven experiment but has evolved into a digital asset with a substantial market presence, active development ecosystem, and growing investor interest.
As of the latest data, Shiba Inu is trading at $0.0000114**, reflecting a modest **+0.09% gain over the past 24 hours**. While this price may appear negligible, the sheer volume and circulating supply—over **589 trillion SHIB tokens**—give it a **market capitalization of approximately $6.7 billion, ranking it among the top cryptocurrencies by market cap.
Current Market Performance
Shiba Inu’s price performance over different timeframes reveals both volatility and resilience:
| Timeframe | Price Change (USD) |
|---|---|
| 1 Hour | +0.71% |
| 24 Hours | +0.09% |
| 7 Days | -3.10% |
| 1 Month | -11.51% |
| 1 Year | -33.99% |
Despite short-term fluctuations, SHIB has maintained consistent trading volume, with over $26.5 million in 24-hour volume, significantly above the average for cryptocurrencies launched in 2020.
The current price sits well below its all-time high of $0.0000725**, marking an **84.3% decline** from peak levels. Over the past 52 weeks, SHIB has traded between **$0.0000101 (low) and $0.0000333 (average).
👉 Discover how market trends could influence SHIB’s next price move.
On-Chain and Holder Insights
Understanding Shiba Inu’s ecosystem requires analyzing its on-chain activity and wealth distribution.
Token Distribution & Concentration
A notable aspect of SHIB’s economy is its highly concentrated ownership:
- Top 10 addresses hold 61.20% of the total circulating supply.
- Addresses 11–100 control 13.97%.
- Addresses 101–1,000 own 15.73%.
- The remaining 9.10% is distributed across smaller holders.
This concentration raises concerns about market manipulation risks, though many top wallets belong to centralized exchanges like Binance and OKX, which serve as custodians for retail investors.
Blockchain Activity
Key blockchain metrics highlight ongoing engagement:
- Daily transactions: ~4,772
- Total transfers in last 30 days: Over 143,166
- Unique token holders: ~1.14 million
- Average hourly transactions: 99
These figures suggest sustained user activity despite price stagnation, indicating strong community support.
Technical Analysis: Is SHIB Poised for a Reversal?
Technical indicators provide mixed signals, suggesting a neutral-to-bearish short-term outlook but potential for recovery.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 45.49 | Neutral |
| CCI (20) | -53.95 | Neutral |
| ADX (14) | 45.30 | Trending |
| Williams %R | -35.74 | Neutral |
| Ultimate Oscillator | 45.30 | Neutral |
Moving averages indicate strong selling pressure:
- All EMA values (from 10 to 200 periods) are above the current price, signaling bearish momentum.
- The EMA(200) at $0.0000148 remains a key resistance level.
However, some analysts point to early signs of a potential bullish crossover after SHIB emerged from a 16-month low, suggesting accumulation may be underway.
Investment Returns & Risk Profile
For long-term investors, understanding SHIB’s historical performance is crucial.
ROI and Volatility
| Metric | Value |
|---|---|
| 3-Month ROI | -6.76% |
| 6-Month ROI | -51.34% |
| 12-Month ROI | -33.65% |
| 3-Month Volatility | 37.85% |
| 6-Month Volatility | 56.81% |
| Annual Volatility | 87.94% |
| Maximum Drawdown | -93.72% |
| Winning Days | 48.81% |
The data shows SHIB is a high-risk, high-volatility asset with significant drawdowns. However, nearly half of all trading days result in gains, indicating frequent short-term opportunities.
Core Keywords Identified
To enhance SEO visibility and align with search intent, the following keywords have been naturally integrated throughout this article:
- Shiba Inu price
- SHIB coin
- Shiba Inu market cap
- SHIB technical analysis
- Shiba Inu tokenomics
- SHIB investment
- Meme coin trends
- Ethereum-based tokens
These terms reflect common queries from investors researching SHIB’s value proposition, price trends, and future potential.
Frequently Asked Questions (FAQ)
🔹 What is Shiba Inu (SHIB)?
Shiba Inu is an Ethereum-based meme cryptocurrency launched in 2020. It operates as a decentralized token with no official backing, relying on community governance and ecosystem development.
🔹 What is the current price of SHIB?
As of now, Shiba Inu is priced at $0.0000114 USD, with minor gains over the past day but longer-term declines over the month and year.
🔹 How many SHIB tokens are in circulation?
There are 589.25 trillion SHIB tokens in circulation, making it one of the highest-supply cryptocurrencies in existence.
🔹 Can SHIB reach $0.001?
Reaching $0.001 would require a **market cap exceeding $589 trillion**, which is economically unfeasible under current conditions. Most analysts consider this scenario extremely unlikely.
🔹 Where can I buy Shiba Inu?
SHIB is available on major exchanges including OKX, Binance, Coinbase, and Kraken. Always ensure you're using secure platforms with strong verification processes.
👉 Find out where to securely trade SHIB today.
🔹 Is Shiba Inu a good investment?
SHIB offers speculative potential due to its active community and ecosystem projects like Shibarium (its Layer-2 scaling solution). However, its high volatility and concentrated supply make it suitable only for risk-tolerant investors.
Future Outlook: Beyond the Meme
While Shiba Inu began as a joke inspired by Dogecoin, the project has expanded beyond mere speculation.
The introduction of Shibarium, a Layer-2 network built on Ethereum, aims to reduce transaction fees and enable decentralized applications (dApps), NFTs, and DeFi integrations. If adoption grows, this could add real utility to the SHIB ecosystem.
Additionally, burn mechanisms and staking initiatives aim to reduce supply inflation and reward long-term holders.
However, competition from newer meme coins and regulatory scrutiny over highly speculative assets remain challenges.
Final Thoughts
Shiba Inu continues to capture attention not just for its price movements but for its evolving role in the broader crypto narrative. While it remains one of the most polarizing digital assets—praised for innovation and criticized for concentration—it undeniably holds cultural and financial significance.
For investors, due diligence is essential. Monitoring on-chain data, technical indicators, and macroeconomic trends can help navigate SHIB’s unpredictable swings.
👉 Stay ahead of the next market shift—analyze SHIB’s real-time data now.
Whether you're a long-term believer or a tactical trader, Shiba Inu demands a balanced approach: respect the hype, but anchor decisions in data.