Shiba Inu price falls to ₹0.000406, down 4.2% in 24 hours

Shiba Inu (SHIB) is now priced at ₹0.000406 per token, slipping 4.19% over the past 24 hours and extending a 10.63% decline over the last month, tightening liquidity for Indian traders【1】.

Market pressure and on‑chain activity

The drop coincides with a broader crypto market pull‑back, as SHIB’s price fell from a recent high of ₹0.000424 to a 24‑hour low of ₹0.000409, according to live exchange data【4】. Volume on Indian exchanges remains robust, with roughly ₹6.92 billion traded in the last 24 hours【2】, indicating that the price move is driven by active selling rather than a lack of interest.

On‑chain, Shiba Inu burned 117 million tokens in a single day, a routine deflationary measure that nonetheless failed to offset the price decline, suggesting that token‑burns alone are insufficient to buoy sentiment when broader market forces dominate【2】.

Price context and supply metrics

The current price is far below SHIB’s all‑time high of ₹0.00844, representing a 95% discount from that peak【1】. With a circulating supply of over 589 billion tokens, each rupee now buys roughly 2,463 SHIB, down from higher buying power earlier in the month【1】. The token’s market cap remains in the lower tier of the crypto market, and its recent performance lags the overall crypto index, which is down only 1.8% over the same period【2】.

What to watch

• ₹0.000438 resistance – the current 24‑hour high could act as short‑term support if price rebounds.
• ₹0.000409 support – the recent low may become a floor if selling pressure eases.
• Upcoming token burns – further large‑scale burns could influence on‑chain scarcity and price dynamics.

The sustained decline highlights that even aggressive token‑burns struggle to counteract macro‑level bearish sentiment. Whether SHIB can regain momentum will depend on broader crypto market trends and any future on‑chain supply reductions.