Shiba Inu (SHIB) Price: Live Chart, Market Cap and History

By Ali Raza · Updated 27 Oct 2026

Shiba Inu (SHIB) is a meme coin named after the Japanese dog breed made famous by the Doge meme, the same dog behind Dogecoin. It launched in August 2020 as an ERC-20 token on Ethereum, called itself the “Dogecoin killer”, and grew from a joke into one of the most widely traded tokens in crypto. This page tracks the live SHIB price and explains what moves it.

Shiba Inu’s current price is $0.000004830, with a market cap of $2.85B and rank #38 among all cryptocurrencies. Over the last 24 hours it has moved +0.4%, and −3.5% over seven days, on a trading volume of $52.25M.

SHIB’s all-time high is $0.00008616, set on 28th October 2021.

What is Shiba Inu?

Shiba Inu was created in August 2020 by a pseudonymous developer known as Ryoshi. The project’s “woofpaper” describes it as an experiment in a cryptocurrency run entirely by its community. SHIB is a standard ERC-20 token, which means it lives on the Ethereum blockchain rather than on a chain of its own, and can be held in any Ethereum wallet. If you are new to that side of crypto, our guide on how to buy and sell Ethereum explains the wallets and fees involved, since moving SHIB on Ethereum is paid for in ETH.

At launch, one quadrillion SHIB were minted. About half was locked into a liquidity pool on Uniswap, the decentralised exchange, and the other half was sent to Ethereum co-founder Vitalik Buterin without his asking for it. Because the token launched on Ethereum and Buterin held so much of it, some people speculated that he was Ryoshi. He has never claimed any role in creating it.

Ryoshi deleted their posts and stepped away from the community in May 2022. Development has since been led by other pseudonymous contributors, most visibly Shytoshi Kusama, who is credited with delivering the ShibaSwap exchange in 2021 and the Shibarium network in 2023.

While the meme coin sector is now full of dog-themed tokens, Shiba Inu was one of the first projects to set itself up as a Dogecoin alternative and became one of the largest. Our explainer on what a meme coin is covers how this kind of token works and why it behaves differently from coins built around a specific use.

Shiba Inu price chart

The chart at the top of this page plots SHIB’s price in US dollars over the last 30 days.

What moves the Shiba Inu price

There is no official SHIB price. The figure on any tracker is the last price at which buyers and sellers agreed to trade, usually averaged across several large exchanges. SHIB has no assets backing it, so everything below works by changing how many people want to buy or sell it.

Supply and demand

Supply and demand set the price of any cryptocurrency, and Shiba Inu is no exception. Supply is the number of tokens available to trade; demand is how many people want to hold them. When buying pressure grows faster than the tokens offered for sale, the price rises. When more holders want to sell than there are buyers, it falls.

SHIB’s supply is very large, which is why each token trades at a tiny fraction of a cent. The unit price on its own says little. What matters is the total value of all tokens, the market cap, which you can see in the card above. A move from one price to a much higher one would require the market cap to grow by the same multiple.

Projects burn tokens to reduce supply. A burn removes tokens permanently, but it only affects the price if demand holds up at the same time. In bear markets supply rarely matters much: holders sell and few buyers step in, which is why meme coins have tended to fall harder than the wider market during downturns.

Meme sentiment and social media

Social media does not affect all cryptocurrencies in the same way. Its effect is strongest on assets with limited use cases, and meme coins are the clearest example. Coins such as Ethereum draw a large part of their demand from use: paying fees, running applications and providing collateral in decentralised finance. SHIB’s demand rests much more on popularity and attention.

When influential accounts talk about it, or when the community makes it a trend, interest can spike within hours. The same mechanism works in reverse. When attention moves to newer meme tokens, SHIB can lose demand even when nothing has changed in the project itself.

Token burns

The largest burn in SHIB’s history came from Vitalik Buterin. On 17 May 2021 he sent more than 410 trillion SHIB, 90% of the tokens he had been given, to a dead address from which they can never be moved. He said he did not want to be “a locus of power of that kind”. A few days earlier, on 12 May 2021, he had donated 50 trillion SHIB to the India Covid-Crypto Relief Fund.

Since then, community members, projects in the ecosystem and Shibarium have sent further tokens to dead addresses. These later burns are far smaller than Buterin’s, and burn trackers publish running totals that change daily. Large reported burns sometimes draw short-term attention, but on their own they have not reversed long downtrends.

Shibarium activity

Shibarium is Shiba Inu’s layer-2 network, a separate chain that settles back to Ethereum and lets users move tokens with lower fees. Fees on Shibarium are paid in BONE, and part of the base fee is converted into SHIB and burned, so busier network use means more SHIB removed from supply.

Traders watch Shibarium’s transaction counts and active wallets as a sign of whether the ecosystem is being used. Security also matters: in September 2025 an attacker used a flash loan of about 4.6 million BONE to take control of validator signing keys and drain assets from the Shibarium bridge, with losses estimated at between roughly $2.4 million and $3 million. The developers paused staking and unstaking and moved the remaining bridge funds to a multisig wallet.

Exchange listings

Listings decide who can buy SHIB and how easily. SHIB started trading on Binance on 10 May 2021, Coinbase added it on 16 September 2021, and Robinhood listed it on 12 April 2022 after a long community campaign that included a petition with more than half a million signatures. Each of these widened access for new buyers. A delisting, or a listing restricted to certain regions, works the other way.

Volume and the wider crypto market

Trading volume shows how actively SHIB is changing hands. Rising volume often comes with sharp price moves in either direction, as traders pile in on fear of missing out or rush to sell. Low volume makes the price easier to push around with a single large order.

SHIB also tends to move with the rest of the market. When Bitcoin leads a rally, investors often buy riskier assets too, and meme coins have historically been among the biggest movers. When Bitcoin falls, SHIB has tended to fall further. It takes a large project-specific event for SHIB to move against the market for long.

Shiba Inu price history

Shiba Inu made its debut in August 2020, and through the remainder of that year and into the early part of 2021 it changed hands at tiny fractions of a cent on low volume. The token’s first major surge arrived in May 2021, when it rode a broad market rally together with the publicity surrounding Buterin’s donation and burn. On 10 May 2021, Binance added SHIB, and the price climbed sharply in connection with the listing.

The rally broke down soon afterwards. On 12 May 2021 Elon Musk said Tesla would stop accepting bitcoin payments, and the crypto market fell for the following two months. SHIB fell with it and did not join the July recovery.

SHIB’s second and larger surge came in October 2021. On 4 October it climbed from about $0.0000086 to above $0.000013 in a single day on Binance. On 27 October its market cap briefly passed Dogecoin’s, at roughly $39 billion according to CoinGecko data reported at the time, and it entered the top ten cryptocurrencies by market cap. It set its all-time high a day later, in the late hours of 27 October and early on 28 October 2021 UTC. The exact peak differs between data sources: CoinGecko’s aggregate puts it at $0.00008616, while Binance’s SHIB/USDT market printed a high of $0.00008854 on 28 October.

The 2021 bull market ended in November, and 2022 was a long bear market. SHIB reached its lowest level of the year in June 2022, recovered briefly in August, when it closed at about $0.000017 on Binance on 14 August, and finished the year near $0.0000081.

2023 was mostly flat. SHIB traded sideways with short rallies, the launch of Shibarium in August being one of them. The next large move came in March 2024, when a Bitcoin-led rally lifted meme coins across the board and SHIB reached a 2024 high of about $0.000046 on Binance on 5 March. It drifted lower through the middle of the year and rallied again in late 2024, ending the year near $0.000021.

In 2025 SHIB peaked in January and then lost most of its value over the year, with its low coming during the market-wide sell-off of 10 October 2025, and closed 2025 near $0.0000069.

The table below summarises SHIB’s yearly range on Binance’s SHIB/USDT market, which opened on 10 May 2021. Figures are daily highs, lows and the closing price on 31 December (UTC).

Very short spikes, such as the 7 September 2021 low during a market-wide flash crash, show up in daily highs and lows on a single exchange but can look different on aggregated trackers.

Key dates

• August 2020: Ryoshi launches SHIB on Ethereum with a supply of one quadrillion tokens.
• 10 May 2021: Binance lists SHIB.
• 12 May 2021: Vitalik Buterin donates 50 trillion SHIB to the India Covid-Crypto Relief Fund.
• 17 May 2021: Buterin burns more than 410 trillion SHIB.
• 7 July 2021: ShibaSwap, the project’s decentralised exchange, launches with the BONE token.
• 16 September 2021: Coinbase adds SHIB.
• 27 to 28 October 2021: SHIB briefly passes Dogecoin’s market cap and sets its all-time high.
• 12 April 2022: Robinhood lists SHIB.
• May 2022: Ryoshi deletes their posts and steps away.
• 16 August 2023: Shibarium mainnet launches. Heavy traffic forces a pause, and the network restarts on 25 August 2023.
• September 2025: a flash-loan attack drains assets from the Shibarium bridge.

Shiba Inu supply

Shiba Inu started with a supply of one quadrillion (1,000,000,000,000,000) tokens and has no mechanism to mint more. Buterin’s burn of more than 410 trillion SHIB in May 2021 took out over 40% of that in one transaction and left a little under 590 trillion tokens. Smaller burns since then have reduced the supply further, but only slightly in relative terms, and almost all remaining SHIB is already in circulation.

Even after the burns, the supply is in the hundreds of trillions. That is why claims that SHIB will reach a cent or a dollar should be treated with caution: at any price, the market cap equals the price multiplied by all those tokens, and the card at the top of this page shows what the market currently values them at.

BONE and LEASH

The Shiba Inu ecosystem has two other tokens. BONE, with a supply of 250 million, is the governance token used to vote on proposals and the gas token used to pay fees on Shibarium. LEASH, with a supply of about 107,647 tokens, started as an experimental rebase token pegged to Dogecoin’s price and was later unpegged. Both trade separately from SHIB and have their own prices.

How often does the Shiba Inu price change?

Crypto markets never close, unlike stocks, forex and other traditional markets. SHIB trades at night, on weekends and on holidays, on many exchanges at once. Each trade can move the price slightly, so the figure you see is constantly changing. Over longer periods, the dominant market trend and the factors above decide the direction.

How to buy Shiba Inu

SHIB is listed on most large centralised exchanges, including Binance, Coinbase, Kraken and Gemini, and on decentralised exchanges such as Uniswap. Brokers such as Robinhood also offer it in the markets they serve. Exchanges usually offer several SHIB pairs, for example against USDT or ETH. The usual steps are:

1. Choose an exchange or broker that is licensed or registered in your country.
2. Open an account and complete identity verification.
3. Deposit funds by bank transfer, card or another supported method.
4. Buy SHIB, then decide whether to keep it on the exchange or move it to your own Ethereum-compatible wallet.

If you withdraw SHIB to your own wallet, you will need a small amount of ETH to pay network fees when you later move it. When you want to cash out, our guide on how to sell cryptocurrency walks through the options.

Investing in Shiba Inu responsibly

SHIB is a high-risk asset. Its price has fallen by most of its value more than once, and meme coins depend on attention that can move elsewhere quickly. Some basic precautions:

• Do not put all of your money into one asset. Spread your holdings across different investments.
• Only invest money you can afford to lose.
• If you hold SHIB yourself, use a reputable wallet, ideally a hardware wallet, and keep your recovery phrase offline.
• Compare exchanges available in your area on fees, reputation and regulation before you choose one.
• Treat social media tips, price targets and promises of huge returns with suspicion. Listen to other traders to understand the mood of the market, but make your own decisions.
• Watch for fake tokens. Anyone can create an ERC-20 token called “Shiba Inu”, so check the contract address on a trusted source before buying on a decentralised exchange.

Shiba Inu taxation

In most countries, profits from selling or trading SHIB are taxable, just like gains on other cryptocurrencies. Each country has its own rules, so there is no single rate. Some treat crypto gains as capital gains, others as income, and a few do not tax them at all.

Calculating what you owe can be complicated. You need the date, amount and value of each purchase, sale and swap, and in some countries losses can be set against gains. Keep records from the start, and check your country’s rules or speak to a tax adviser before you trade.

Trading Shiba Inu vs holding it long term

Trading and investing are two different ways of dealing with crypto, with different skills and time demands.

Traders try to profit from short-term price moves. They follow charts, order books, news and market sentiment, and they need risk management, such as stop-loss orders and position sizing, to limit losses. Day traders aim for many small gains rather than a few large ones. It is demanding and stressful work, and it is easy to make emotional decisions when fear or excitement takes over. Many traders lose money, especially when they trade with borrowed money.

Long-term holders buy, store their tokens securely and wait, sometimes for years. That takes less day-to-day work, but it carries its own risk: a meme coin can lose most of its value and stay there for a long time, as SHIB did after its 2021 peak. Long-term holding only makes sense with money you will not need and in an amount you are comfortable seeing fall sharply.

Neither approach is guaranteed to make money. Whichever you choose, research the asset, keep your holdings diversified and secure, and decide in advance how much you are prepared to lose.

To compare SHIB with other coins, see our cryptocurrency price tracker or the Dogecoin price page for its older rival.

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