Today's Shiba Inu (SHIB) price is $0.00001139**, with a 24-hour trading volume of **$94.43 million. Over the past 24 hours, SHIB has shown 0.00% volatility. The current circulating supply is 589.25 trillion SHIB, with a maximum supply of 589.55 trillion SHIB.
What Is Shiba Inu?
SHIB represents an experiment in decentralized, community-driven ecosystems within the Shiba Inu network. Unlike Bitcoin’s scarcity model, SHIB is designed for abundance—its total supply is one quadrillion tokens. Users often hold billions or even trillions of SHIB.
👉 Discover how Shiba Inu compares to other meme coins
History of Shiba Inu
Originally a meme coin, Shiba Inu evolved into a decentralized ecosystem. At launch, 50% of SHIB’s total supply was sent to Vitalik Buterin’s Ethereum wallet. SHIB’s price surged from an all-time low (ATL) of $0.000000000056** to an all-time high (ATH) of **$0.000084—a 150,000x increase. Vitalik donated 10% of his SHIB holdings for COVID-19 relief in India and burned the remaining 40%. This donation was valued at $1 billion at the time, marking one of history’s largest charitable crypto contributions.
How Does Shiba Inu Work?
The Shiba Inu team launched ShibaSwap, a decentralized exchange (DEX), featuring two tokens:
- LEASH: A scarce token used for ShibaSwap incentives.
- BONE: A governance token for voting on proposals via Doggy DAO.
SHIB positions itself as an Ethereum-based alternative to Dogecoin (DOGE), leveraging Ethereum’s ecosystem for DeFi integrations, NFT marketplaces, and wallet compatibility.
Use Cases for Shiba Inu
The Shiba Inu ecosystem supports:
- ShibaSwap (DeFi DEX)
- DoggyDAO (governance)
- NFT art incubators
👉 Learn how to trade SHIB securely
FAQs
1. What drives Shiba Inu’s price?
Market sentiment, adoption in DeFi/NFTs, and meme culture trends influence SHIB’s value.
2. Can SHIB reach $0.01?
Given its massive supply, reaching $0.01 would require unprecedented demand or token burns.
3. Where can I buy SHIB?
SHIB is available on major exchanges like Crypto.com, Binance, and OKX.
4. Is SHIB a good investment?
High-risk, high-reward—research market trends and project updates before investing.
5. How is SHIB different from DOGE?
SHIB operates on Ethereum with smart contract capabilities, while DOGE uses a simpler blockchain.
6. What’s ShibaSwap?
A DEX for trading SHIB ecosystem tokens (SHIB, LEASH, BONE) and earning rewards.