Loading article…
Shiba Inu (SHIB) fell 0.46% to $0.000004 with a 54% burn‑rate decline, prompting its removal from a T. Rowe Price active ETF – see the key numbers and what to
Shiba Inu (SHIB) fell 0.46% to $0.000004 in the last 24 hours, and its token‑burn rate plunged 54%, a move that coincided with the token being removed from a T. Rowe Price actively managed ETF — a change that matters to investors tracking institutional exposure to meme coins.
| At a glance | |
|---|---|
| Price (USD) | $0.000004 |
| 24h change | –0.46% |
| Burn‑rate change | –54% |
| Catalyst | Removal from T. Rowe Price ETF |
CoinMarketCap reports SHIB’s current price at $0.000004, down 0.46% over the past day, with a market cap of roughly $2.44 billion and a circulating supply of 589.24 trillion tokens [1]. The token’s burn‑rate—a metric indicating how many tokens are permanently removed from circulation—has reportedly slumped by 54%, tightening supply dynamics and pressuring price. While the exact timing of the burn‑rate shift is not detailed in the source, the magnitude suggests a significant reduction in token‑removal activity.
T. Rowe Price’s ETF platform lists active funds that are managed by portfolio managers who can adjust holdings daily [2]. The removal of SHIB from one of these active ETFs signals a strategic decision by the fund manager, likely reflecting concerns over the token’s declining burn‑rate and its impact on long‑term value capture. Because active ETFs disclose holdings regularly, the exclusion is observable to investors, though the specific fund name and timing are not provided in the source material.
SHIB’s price decline of less than 1% sits within a broader range of modest volatility for the meme‑coin sector, where many tokens trade within narrow bands after earlier surges. The 54% drop in burn‑rate contrasts with earlier periods when the token’s supply‑reduction mechanisms were more aggressive, potentially altering investor sentiment. Compared with its peak market cap of over $40 billion in 2021, the current $2.44 billion valuation underscores a sustained contraction in market interest.
The removal of SHIB from a T. Rowe Price ETF highlights how institutional managers respond to token‑specific supply dynamics, raising questions about the future role of meme coins in actively managed portfolios.
Coverage is mostly measured — 164 of 169 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 19, 2026 · How we report
Shiba Inu has a circulating supply of 589.25 trillion tokens, meaning a $1 price would require a market capitalization of $589.25 trillion. This figure exceeds the estimated total wealth held by all people, businesses, and governments on Earth, which was $454 trillion in 2022.
The Shiba Inu burn program involves sending tokens to a dead wallet where they can never be retrieved, effectively removing them from circulation. As of early 2026, the community burn rate is slow, with estimates suggesting it could take over 40,000 years to burn the total supply at the pace observed in January 2026.
Shiba Inu is technically decentralized but relies on the legacy Ethereum network rather than its own blockchain. Critics note that the developers maintain a high level of influence over project launches, which differs from the structure of Bitcoin.
Shiba Inu delivered a return of 45,278,000% between January 1 and December 31, 2021. This performance is cited as one of the best annual returns in the history of financial markets.