Crypto Gloss

Shiba Inu

Stat Value
Ticker SHIB
Price (USD) $0.00000489
Market capitalization $2,882,195,596
24-hour change -1.9%
Circulating supply 589,238,300,413,256 SHIB
Total supply 589,495,737,476,616 SHIB
Maximum supply Not listed by CoinGecko
All-time high $0.00008616 (October 27, 2021)
Ethereum contract 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce

Price, market capitalization and 24-hour change can refresh through CryptoGloss’s CoinGecko data proxy. Supply and all-time-high figures are a CoinGecko snapshot fetched 2026-10-18 at 16:35 UTC. The maximum-supply field is not reported by CoinGecko; this is not a forecast or investment advice.

Shiba Inu (SHIB) is an Ethereum ERC-20 meme token associated with a wider community and product ecosystem. Its scale and low unit price can make large balances look inexpensive, but the number of tokens alone says little about valuation. The relevant questions include circulating supply, market capitalization, liquidity, and what a holder actually receives for owning the token.

SHIB, Shibarium, and BONE

SHIB is an Ethereum token; ETH pays Ethereum gas. Shibarium is a separate Ethereum Layer 2, where BONE is the listed network currency used for gas and validator activity. The official bridge can move supported tokens between Ethereum and Shibarium, but a bridged representation is network-specific. Check the official bridge and contract address instead of assuming that every SHIB-looking asset is the same contract.

The ecosystem also includes projects and tokens such as ShibaSwap, LEASH, TREAT, and BONE. These are separate products or assets with different purposes. Their existence does not make SHIB itself a share in a company or a claim on ecosystem revenue.

Supply, Burns, and the “One Cent” Claim

The market snapshot below separates circulating supply from total supply; CoinGecko does not list a maximum supply for SHIB. Burns can reduce available supply when tokens are sent to inaccessible addresses, but the headline number should be compared with the remaining supply. At roughly 589 trillion circulating SHIB, a hypothetical price of $0.01 would imply a market capitalization near $5.9 trillion if the supply stayed around that level. That calculation is illustrative, not a prediction, and future supply or market conditions can change.

Governance and Locking

Shiba Inu’s current Bury 2.0 documentation says users can lock SHIB and other ecosystem tokens to receive vote-escrowed governance power. It currently describes the lock as a way to obtain voting power, not staking rewards. Older pages that promise a fixed yield or describe BONE, LEASH, and SHIB as interchangeable should be treated cautiously; check the specific product’s current rules.

Risks and Common Misunderstandings

SHIB remains a volatile token whose price can be driven by community attention, exchange access, and broader crypto-market conditions. A burn does not guarantee price appreciation, an ecosystem roadmap does not guarantee adoption, and a very small unit price does not make a large market capitalization easy to multiply. Verify the official Ethereum contract and distinguish the token from bridged versions before interacting.

Social Media Sentiment

An October 2026 r/SHIBArmy discussion asked how much recent burns actually change the supply. Several commenters argued that millions of tokens sound large but are tiny beside hundreds of trillions still circulating; others asked whether burns could be sustained. This sample shows a debate about scale, not a consensus about SHIB’s future price, and the thread’s figures are dated rather than live supply data. Read the Reddit thread discussed here.

Last updated: 2026-10

Related Terms

See Also

Sources