Shiba Inu

Today's narrative state: Shiba Inu is trading at $0.00000422 after a 30-day move of +0.0%. As a memecoin, Shiba Inu's price action is dominated by attention dynamics and social-media flow, not by the kind of utility metrics that drive fundamentally-anchored crypto assets.

Liquidity and risk: Realized 30-day volatility sits at 97% annualized — multiples higher than top-10 crypto assets. The asset has rallied 0.0% over the past 30 days, illustrating the magnitude of moves typical for this asset class. Position-sizing should reflect the risk of single-day moves above 20%, which are not unusual for memecoins under attention waves.

What to watch: Holder concentration shifts (large wallets quietly accumulating or distributing), exchange flows (especially deposits suggesting upcoming sells), and the social-media volume trajectory. Memecoins move on narrative, and the narrative leaves footprints before it shows up in the price.

Beyond Bitcoin, SHIB's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: +0.32 — a weak positive relationship.
• Ethereum reference: +0.26 — a weak positive relationship.
• Solana reference: +0.28 — a weak positive relationship.

Strong correlation to multiple references typically indicates that the asset trades primarily as crypto-market beta — moves in BTC/ETH/SOL drive most of the price action, and stand-alone alpha is harder to capture. Weak or negative correlations indicate idiosyncratic drivers (project-specific news, sector rotation within crypto, or narrative shifts) that can produce returns uncorrelated with the broader market.

Shiba Inu (SHIB) is a memecoin — a community-driven token whose value comes primarily from culture and attention rather than from cash-flow utility. It trades at $0.00000422 as of the latest update, with a 24-hour move up 0.00%, placing it at rank #12 by market capitalisation among all listed digital assets. Shiba Inu's current market cap stands at $2.49B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Shiba Inu across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Shiba Inu is a memecoin — a cryptocurrency whose primary value driver is cultural and narrative rather than utility. Memecoins have repeatedly demonstrated the ability to generate outsized returns during attention waves, and equally outsized drawdowns when attention shifts elsewhere. They are a distinct asset category and should be evaluated by different criteria than utility tokens or layer-1 chains.

By market value, Shiba Inu sits at rank #37 — a top-50 asset. Essentially all of the SHIB supply is already issued — roughly 589.25T of a 589.55T cap are in circulation — so future inflation is a non-factor. It currently trades about 95% below its all-time high of $0.00008837 set in October 2021.

Shiba Inu (SHIB) is a memecoin: typically an ERC-20 (on Ethereum) or SPL (on Solana) token with minimal protocol-level technology behind it. There is usually no novel consensus mechanism, no smart-contract platform, and no significant on-chain utility. Value derives from community, narrative, attention, and the social-coordination dynamics that drive memes themselves.

Memecoins typically have very high concentration on a small number of wallets — sometimes deliberate, sometimes the consequence of early-stage organic adoption. This means price action is dominated by holder behavior at the top of the distribution, not by network fundamentals.

By market value, Shiba Inu sits at rank #37 — a top-50 asset. Essentially all of the SHIB supply is already issued — roughly 589.25T of a 589.55T cap are in circulation — so future inflation is a non-factor. It currently trades about 95% below its all-time high of $0.00008837 set in October 2021.

Shiba Inu is primarily used for speculation, community participation, and — in some cases (notably DOGE) — tipping and small payments. Most memecoins do not have significant non-speculative use cases by design. The token is the meme, and the meme is the network effect.

Daily volume runs at about 1.8% of market capitalisation ($43.91M in the last 24 hours), in the normal band for a coin of this size and supportive of orderly entries and exits.

To read Shiba Inu's tokenomics, look at the issuance schedule, the share of supply already in circulation, and the gap between market cap and fully-diluted valuation. At over 99% of maximum supply issued, future issuance pressure is effectively zero — the supply curve is now flat, and value accrual must come from network adoption rather than from supply schedule mechanics.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

The macro backdrop for crypto assets is dominated by the Federal Reserve's rate path, the trajectory of dollar liquidity, and the unwind (or non-unwind) of the post-2020 expansion in M2 money supply. Crypto — Bitcoin in particular — has historically responded most strongly to shifts in the global liquidity regime, with risk-on phases coinciding with falling real yields and a softening dollar, and risk-off phases the inverse.

The cross-asset relationships worth watching: the dollar index (DXY), historically inversely correlated with crypto over longer windows; the 10-year Treasury yield, a proxy for the cost of risk capital; gold, which sometimes shares a "monetary hedge" framing with Bitcoin during regime changes; and the S&P 500, which during liquidity-driven moves often rhymes with crypto despite the "uncorrelated" narrative.

For Shiba Inu specifically, the macro variable that has empirically led price most often is global crypto-market liquidity — proxied by stablecoin total supply, futures open interest, and exchange volumes. When these expand, SHIB tends to follow; when they contract, the relationship typically reverses. With a comparatively loose 90-day BTC correlation of +0.32, SHIB has shown more idiosyncratic price behaviour than the average large-cap — its own catalysts can matter as much as the broad liquidity tide.

Memecoins carry materially elevated risk versus other crypto assets. Specific concerns: extreme volatility (50–90% drawdowns are not unusual), high holder concentration (large wallets can move price decisively), narrative dependence (when the meme fades, the price fades), pump-and-dump dynamics (especially in newer launches), and a rug-pull-adjacent history of similar tokens. Statistical forecast models perform poorly on memecoins because their price action is dominated by social-media and attention dynamics that those models do not capture. Position size accordingly.