Loading article…
Shiba Inu's community advocates for SHIB in a proposed US crypto reserve. SHIB's burn rate dropped 93.59% recently, with circulating supply at 4.9 trillion
The Shiba Inu (SHIB) community is advocating for the token's inclusion in a proposed U.S. strategic crypto reserve, following former President Donald Trump's mention of other major cryptocurrencies as potential assets [1]. This push comes as SHIB's daily burn rate recently increased by 34.24% but its price remains down 60% from post-election highs [1].
| At a glance | |
|---|---|
| Recent Burn Rate Change | +34.24% daily [1] |
| Price vs. Post-Election Highs | -60% [1] |
| Circulating Supply | 4.9 trillion SHIB [1] |
| Catalyst | Community advocacy for U.S. crypto reserve inclusion [1] |
Shiba Inu's marketing lead, Lucie, publicly stated "SHIB. Never Say Never" on March 2, sparking discussions among supporters who believe the token's ecosystem strengthens its case for a U.S. crypto reserve [1]. Former President Trump had previously mentioned Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP as potential assets for such a reserve [1].
Despite the community's efforts, recent on-chain data shows a significant slowdown in token removals. In the last 24 hours, 872,753 SHIB were burned, but the overall burn rate has dropped by 93.59% [1]. Shiba Inu's circulating supply stands at 4.9 trillion SHIB [1].
Shiba Inu was created in 2020 by an anonymous developer, Ryoshi, aiming to replicate Dogecoin's success [2]. In 2021, SHIB saw a gain of 45,278,000%, turning a $10 investment into over $4.5 million for perfectly timed investors [2]. However, the token has since lost more than 90% of its peak value over the past five years [2].
Currently, Shiba Inu trades at $0.000005 per token, giving it a market capitalization of $3.4 billion [2]. The token's large circulating supply of over 589 trillion tokens presents a significant barrier to price appreciation; a price of $1 per token would imply a market cap of $589 trillion [2]. Unlike cryptocurrencies such as Ethereum or Solana, which have native use cases for decentralized applications, Shiba Inu was not created with a specific utility in mind [2]. Its extreme volatility also limits its viability as a payment mechanism, with only 1,164 businesses worldwide accepting SHIB for goods and services [2].
The Shiba Inu community's push for inclusion in a national crypto reserve highlights the ongoing effort by various token communities to gain mainstream recognition and perceived legitimacy, even as SHIB faces challenges related to its supply and utility [1, 2].
Coverage is mostly measured — 157 of 162 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 7, 2026 · How we report
Shiba Inu has been approved as a launch asset for Laser Digital Japan, a crypto exchange subsidiary of Nomura.
Analysts identify $0.00000520 as a key support level, while a daily close above $0.00000600 is viewed as a potential catalyst for reversing bearish pressure.
Increased selling pressure and profit-taking following a rally have contributed to a decline in trading volume and a cooling of bullish momentum.