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Shiba Inu (SHIB) trades at ₹0.0004914 on Coinbase India, up 1% in 24h with 73% more unique traders and 49% higher volume in the memecoin sector.
Shiba Inu (SHIB) is trading at ₹0.0004914 on Coinbase India, a 1% rise from a day ago and an 8% gain over the past week [2]. The token’s circulating supply stands at 589.24 trillion, matching its max supply, which yields a market cap of roughly ₹280.62 billion [2].
Trading activity has surged: unique traders jumped about 73% in the last 24 hours, while overall memecoin volume climbed roughly 49% [2]. The influx of new participants pushed the number of buyers to 2,059 and sellers to 1,764, generating 3,669 trades in a single day [2]. Short sellers faced pressure, with liquidations on the short side 2.3 times higher than on longs, suggesting over‑leveraged pessimists are being squeezed out [2].
SHIB’s all‑time high of ₹0.008507, reached on 9 September 2021, remains far above today’s price—a 94% drop from that peak [2]. Despite the decline, the token retains a strong community presence, ranking #37 in mentions and activity on social platforms, with a bullish sentiment of 61.26% on Twitter [2]. The ecosystem includes an NFT art incubator and a decentralized exchange called ShibaSwap, positioning SHIB as an Ethereum‑based alternative to Dogecoin [2].
The price uptick and heightened trading volume show that SHIB’s community remains active even as the token trades far below its historic high. Whether the recent trader influx can sustain momentum or simply reflects short‑term speculation will depend on broader memecoin trends and any future developments in the ShibaSwap ecosystem.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jun 16, 2026 · How we report
Shiba Inu was created in August 2020 by an anonymous individual or group using the pseudonym "Ryoshi".
As of the latest CoinMarketCap data, SHIB has a circulating supply of 589,243,190,898,399 tokens, a market cap of about $2.97 billion, and trades around $0.000005 USD.
In May 2021, Vitalik Buterin donated more than 50 trillion SHIB (valued over $1 billion at the time) to the India COVID‑Crypto Relief Fund and also contributed SHIB worth $665 million to the Future of Life Institute.
The ecosystem includes the ShibaSwap decentralized exchange, a planned stablecoin called SHI, and a metaverse where users can purchase digital land parcels.
Over 500 merchants accept SHIB, with integrations through payment platforms like BitPay and ZenGo, and retailers such as Newegg have added SHIB as a payment option.