Shiba Inu token slides 1% as volume rises on Friday

Shiba Inu (SHIB) dropped 1% in Friday trading, while memecoin‑sector volume jumped 8% and the token’s market cap held near ₹237 billion [2]. The modest decline came as the broader crypto market slipped, but SHIB outperformed many peers, keeping its rank as the second‑best‑performing memecoin of the day.

Price move and market context

The 1% dip left SHIB at ₹0.0004225, far below its all‑time high of ₹0.008492 reached on 9 Sept 2021 – a 95% drop from that peak [2]. Despite the fall, SHIB’s market cap stayed at roughly ₹237 billion, unchanged from the previous day, and its fully‑diluted valuation matched that figure [2]. Trading activity showed 2,564 transactions in the last 24 hours, with 1,400 buyers versus 1,247 sellers, indicating modest net buying pressure despite the price slip [2].

Tokenomics and on‑chain activity

SHIB’s circulating supply is 589,243,146,441,951 tokens, representing 100 % of its max supply of 589,552,695,333,683 [2]. The token’s supply is fully minted, so future price moves will be driven by demand rather than new issuance. Social sentiment remains neutral overall, with a 3.9‑out‑of‑5 average sentiment score across platforms and 41.27% of tweets bullish versus 13.42% bearish [2]. The token’s trading volume outpaced the overall crypto market average, which rose 6% in the same period [2].

What to watch

• Price thresholds: ₹0.00045 resistance and ₹0.00040 support could guide short‑term momentum.
• Supply events: No upcoming token unlocks are scheduled, but any large‑wallet movements could shift sentiment.
• Regulatory or ETF news: SHIB was mentioned in T. Rowe Price’s crypto‑ETF plans in March 2026; further ETF developments may affect demand [2].

SHiba Inu’s modest price decline amid rising volume suggests resilient trader interest, but the token remains far from its historic peak, leaving its next directional move dependent on broader market sentiment and any large‑holder activity.