Shiba Inu is one of the largest meme coins by market value, built on Ethereum and named for the same dog breed behind the Dogecoin meme. This page covers what tends to move the SHIB price and where to follow it; for the live number, use our live Shiba Inu price page instead of a figure that would be stale on arrival.
What is Shiba Inu?
Shiba Inu (SHIB) launched in 2020, created by an anonymous person or group using the pseudonym "Ryoshi." It’s an ERC-20 token built on Ethereum rather than its own blockchain, and it was explicitly positioned as a "Dogecoin killer" drawing on the same Shiba Inu dog imagery. A large portion of the total supply was sent to Ethereum co-founder Vitalik Buterin, who later burned most of it and donated a portion to a COVID-19 relief fund in India. Since launch, the project has expanded into a broader ecosystem including its own Layer-2 network, Shibarium, and other related tokens. See our Ethereum guide for background on the network SHIB is built on.
Shiba Inu price today
Live SHIB price, market cap, volume and 24-hour change are on our Shiba Inu data page. See how SHIB compares to other assets via gainers, losers, or our comparison tool.
What moves the Shiba Inu price
- Social media and meme-coin sentiment. SHIB is highly sensitive to broader shifts in retail attention toward meme coins.
- Burn activity. The community and project periodically burn SHIB, and burn-rate news is a recurring narrative.
- Shibarium and ecosystem activity. Usage of the project’s own Layer-2 network and related tokens feeds into its broader story.
- Exchange listings and access. Being widely listed on major exchanges keeps SHIB liquid, which affects how sharply it can move.
- Extremely large circulating supply. SHIB’s supply is measured in the quadrillions, which shapes how its price (a very small fraction of a cent) is generally discussed in terms of market cap rather than unit price.
Catalysts to watch
These are commonly cited factors, not predictions or advice.
Potential tailwinds
- Renewed meme-coin cycle attracting retail attention
- Growing usage of Shibarium or other ecosystem products
- Continued or accelerated token burns reducing effective supply
Potential headwinds
- Fading retail interest as meme-coin trends rotate elsewhere
- An enormous total supply that requires very large demand growth to move the price meaningfully
- Broad risk-off sentiment hitting speculative assets hardest
How to read the numbers
Because SHIB’s circulating supply is so large, its per-token price is a poor way to judge value; market capitalization on the live page is the more meaningful comparison to other coins, alongside trading volume as a rough liquidity gauge.
How Shiba Inu is typically compared
Shiba Inu is most often compared to Dogecoin as the two largest meme coins, generally on community size, exchange access and supply structure, since Dogecoin’s supply grows continuously while Shiba Inu’s was fixed at launch and then substantially reduced through burns. It’s also sometimes discussed alongside other Ethereum-based tokens on the basis of network fees and the broader ecosystem it has since built around Shibarium. Our comparison tool lets you set SHIB against Dogecoin or other large-cap coins using live figures.
Where our data comes from
Coingsty aggregates SHIB pricing, market capitalization and volume from established public data providers, including CoinPaprika, rather than running our own exchange or price oracle. Figures refresh on a regular cycle for performance, so they are recent and useful for research but not a tick-by-tick trading feed. See our methodology page for the full breakdown of how each metric is defined.
Where to find the latest Shiba Inu news
Our newsroom covers notable developments across major coins, including meme coins like Shiba Inu. The Crypto Fear & Greed Index is a useful gauge of overall market sentiment.
Frequently asked questions
Is Shiba Inu the same as Dogecoin?
No. They’re separate projects that both use Shiba Inu dog imagery. Dogecoin has its own blockchain; Shiba Inu is a token built on Ethereum.
Why is the SHIB price so small?
SHIB has an extremely large total supply, in the quadrillions, so each individual token is worth a tiny fraction of a cent even when the overall market cap is substantial. Market cap, not unit price, is the more useful comparison metric.
What is Shibarium?
Shibarium is a Layer-2 network built by the Shiba Inu project team, intended to offer faster and cheaper transactions for the ecosystem’s tokens and applications.
How often does the price on this page update?
We refresh price, market cap and volume figures on a regular cycle rather than streaming them tick by tick, which keeps pages fast; check the live data page linked above for the most current number rather than any figure printed in an article.
Not financial advice
This page is for general information and education only. It is not financial, investment, legal or tax advice, and nothing here recommends buying or selling SHIB. Cryptoassets are volatile and meme coins can be especially sentiment-driven; do your own research and consult a qualified professional.