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Shiba Inu falls 2.46% to $0.000004842, Bitcoin down 0.91% and Dogecoin off 1.64% – see the latest price moves and on‑chain volume.
Shiba Inu (SHIB) dropped 2.46% in the last 24 hours to $0.000004842, a move that mirrored a broader market pullback where Bitcoin, Ethereum and several other large‑cap tokens also slipped, tightening liquidity across the meme‑coin segment【1】.
| At a glance | |
|---|---|
| Price (SHIB) | $0.000004842 |
| 24h Change (SHIB) | –2.46% |
| Market Cap (SHIB) | $2.85 B |
| Catalyst | Broad market sell‑off (BTC, ETH, DOGE) |
Bitcoin (BTC) fell 0.91% to $64,329, shaving roughly $11 B off its $1.29 T market cap, while Ethereum (ETH) slipped 0.44% to $1,747, leaving its $210.94 B cap largely unchanged【2】. Dogecoin (DOGE) added pressure, sliding 1.64% to $0.084696 and trimming its $14.43 B market cap. Even XRP, a traditionally defensive asset, was down 2.50% at $1.1678, erasing $1.89 B from its $72.47 B valuation【2】. The coordinated declines suggest that investors are reacting to macro‑level risk sentiment rather than token‑specific news.
SHIB’s circulating supply sits at 589.24 T tokens, underpinning a $2.85 B market cap, while spot trading volume over the past day was $14.91 M and futures volume $89.59 M【1】. Open interest of $36.21 M indicates that leveraged positions remain sizable, but the $67,816 liquidation figure shows limited forced exits so far. Compared with its 7‑day gain of +2.11%, the 24‑hour drop highlights short‑term volatility amid the broader market sell‑off.
Against its recent range, SHIB’s price is still above the 7‑day low (approximately $0.0000045) but below the 24‑hour high, suggesting that the token may find support near its current level if the broader market stabilises. The token’s market‑cap rank (29th) remains unchanged, reflecting that the price move is largely a proportional shift with peers rather than a structural breakout.
The simultaneous dip across meme and blue‑chip tokens underscores how tightly linked sentiment is across the crypto ecosystem; whether SHIB can hold its current level will depend on broader market risk appetite as well as any fresh inflows into its futures market.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 18, 2026 · How we report
As of July 13, 2024, Shiba Inu has 589.2 trillion tokens in circulation. This large supply is frequently cited as a primary obstacle to the token reaching a price of $1.
The Shiba Inu community utilizes a 'burning' mechanism to remove tokens from circulation by sending them to dead wallets. Additionally, the upcoming Shib Alpha Layer is designed to automatically burn Shiba Inu tokens as a fee whenever decentralized applications are used on the network.
Shiba Inu is generally not considered a practical payment mechanism due to its high price volatility, which creates difficulties for business cash-flow management. As of July 13, 2024, only 1,200 merchants globally accept Shiba Inu as payment.