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Shiba Inu (SHIB) trades at $0.0000064, 93% under its Oct 2021 peak, with a $3.7 bn market cap and 589.5 trn tokens circulating.
Shiba Inu (SHIB) is trading around $0.0000064, roughly 93% below its October 2021 all‑time high of $0.00008845, leaving the token 29th in market‑cap rankings with a valuation of about $3.7 billion [2].
| At a glance | |
|---|---|
| Price | $0.0000064 |
| 93% below peak | $0.00008845 (Oct 2021) |
| Market cap | $3.7 bn (29th largest) |
| Circulating supply | 589.5 trn tokens |
The token’s steep decline follows a broader market rally in late 2021, when both digital assets and equities surged on heightened fiscal and monetary stimulus. Since that peak, SHIB has seen only intermittent short‑term gains, most notably in 2024, but remains far from its record level [2]. With a circulating supply of 589.5 trillion tokens, a $1 price target would imply a market value of $589.5 trillion—far exceeding the current $3.7 bn valuation [2].
SHIB is built on Ethereum, giving it access to the network’s security and liquidity, yet it lacks substantive real‑world use. Developer activity is minimal; Electric Capital’s data shows SHIB does not rank among the top 100 blockchain networks by developer engagement [2]. Merchant acceptance is also limited, with only about 1,150 merchants worldwide taking SHIB as payment [2].
SHiba Inu’s price remains deeply entrenched below its historic high, underscoring the challenge of translating community hype into lasting utility and market value.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 6, 2026 · How we report
The Shiba Inu was originally bred in Japan to hunt and flush small game such as birds and rabbits.
Recognized colors are red, sesame, black sesame, black and tan, and cream, and all colors must have white ventral markings (urajiro) on specific areas such as the muzzle, cheeks, ears, and tail.
Studies report a high incidence of patella luxation (35% in a surveyed group), a predisposition to glaucoma, and canine atopic dermatitis.
The Shiba Inu was recognized by the AKC in 1992 and added to the Non‑Sporting Group in 1993.
Cemetery data in Japan indicate a life expectancy of about 15.5 years, and a 2024 UK study reported an average of 14.6 years.