# Shiba Inu jumps 4.68% to $0.000005 as investors profit

**Published:** 2026-06-24T17:38:15.992Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/63d6429f-25a2-4e85-8a4e-87541003ad5a

Shiba Inu token climbs 4.68% to $0.000005, lifting investors after a 90% drop from its 2021 peak.

Shiba Inu (SHIB) rose 4.68% to $0.000005 in the latest session, giving holders a modest profit despite the token still sitting over 90% below its 2021 high [1].  

| At a glance | |
|---|---|
| Price | $0.000005 |
| 24‑h change | +4.68% |
| Market cap | $3.4 billion |
| Catalyst | Small‑scale token burn of 175 million tokens last month [1] |

## What drove the move  
The modest gain coincided with the community’s ongoing token‑burn effort, which saw 175 million SHIB sent to a dead wallet last month—an annualized burn rate of about 2.1 billion tokens [1]. While the burn represents only a fraction of the 589 trillion tokens in circulation, it signals continued activity from the community and provides a slight upward pressure on price.  

## Tokenomics and valuation challenges  
Shiba Inu’s supply of more than 589 trillion tokens keeps its per‑token price low; at the current market cap of $3.4 billion, each token trades at a few micro‑dollars [1]. To reach a $1 price would require burning 99.99998% of the supply, a pace that would take roughly 280,000 years at the current burn rate [1]. Moreover, the token lacks a clear use case—only about 1,164 merchants accept SHIB, limiting organic demand [1].  

## Market context  
The 45,278,000% rally in 2021 turned a $10 investment into over $4.5 million, but the subsequent 90%+ decline left the token far from that peak [1]. Compared with the combined $67 trillion market cap of the S&P 500’s 500 largest companies, SHIB’s $3.4 billion cap is modest, underscoring the scale of its valuation gap [1].  

## What to watch  
- **Burn rate:** Any acceleration in token‑burn activity could tighten supply and affect price.  
- **Adoption metrics:** Increases in the number of merchants accepting SHIB (currently 1,164) would signal growing utility.  
- **Price thresholds:** Watch the $0.000006 resistance and $0.000004 support levels for short‑term momentum.  

The price uptick shows that even modest community actions can generate short‑term gains for SHIB investors, but the token’s massive supply and limited use case mean that any sustained rally faces steep structural hurdles.

## Sources
1. The Motley Fool — [Can Shiba Inu Reach $1 in 2026? The Answer Will Make Your Head Spin.](https://www.fool.com/investing/2026/05/20/can-shiba-inu-reach-1-in-2026-the-answer-head-spin/)
2. AOL — [Can Shiba Inu Reach $1 in 2026? The Answer Will Make Your Head Spin.](https://www.aol.com/finance/shiba-inu-reach-1-2026-092000512.html)

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Cite as: TrendWatcher, "Shiba Inu jumps 4.68% to $0.000005 as investors profit", https://www.trendwatcher.in/article/63d6429f-25a2-4e85-8a4e-87541003ad5a