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Shiba Inu (SHIB) is a token that aspires to be an Ethereum-based alternative to Dogecoin (DOGE), the popular memecoin. Unlike Bitcoin, which is designed to be scarce, SHIB is intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.

Shiba Inu (SHIB) is a decentralized, community-led cryptocurrency that was developed to answer a simple question: What would happen if a cryptocurrency project was 100 percent run by its community? Originating in late 2020, this Ethereum-based token has grown into a global phenomenon, accepted at numerous locations as a form of payment, either directly or via third-party intermediaries. The Shiba Inu ecosystem is not just about the SHIB token: it also includes other tokens like LEASH and BONE, includes a decentralized exchange called Shibaswap that allows users to provide liquidity, stake, and swap tokens to receive compensation, and includes ShibaSwap's Staking Pools. Like DOGE, SHIB is intentionally abundant — with an initial circulating supply of one quadrillion coins.

Shiba Inu operates on the Ethereum blockchain, utilizing the power of smart contracts to facilitate transactions and other operations. The Shiba Inu ecosystem includes ShibaSwap, a decentralized exchange where users can swap tokens, provide liquidity, and stake their holdings to receive compensation. The ecosystem has also introduced Shibarium, a Layer-2 solution aimed at enhancing its scalability and efficiency, which had processed over four million transactions as of November 2023.

Shiba Inu was created in August 2020 by an individual or group of individuals under the pseudonym "Ryoshi." The token quickly gained traction, and its popularity surged even further when a significant portion of the SHIB supply was burned, meaning destroyed, hence increasing its rarity. The token's Shiba Inu's history is marked by its community-driven approach, with its creator, Ryoshi, emphasizing the importance of a decentralized, community-led project.

You can buy, send, and receive SHIB from a few different crypto exchanges like Coinbase, for example. Because SHIB is issued as an Ethereum token, it's compatible with Ethereum wallets like Coinbase Wallet and available on decentralized exchanges (or DEXs) like UniSwap.

SHIB, unlike DOGE, is compatible with the Ethereum ecosystem — which has allowed the community to create crypto apps like ShibaSwap, a DEX running on the Ethereum blockchain that allows users to trade and stake tokens without an intermediary.


Market stats

Market cap


Volume (24h)


Circulating supply

589.3T SHIB

Typical hold time

217 days



All time high


Market performance

Price change (1h)


Price change (1d)


Price change (1w)


Price change (2w)


Price change (1m)


Price change (1y)


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Some highlights about SHIBA INU on social media

41,367 unique individuals are talking about SHIBA INU and it is ranked #21 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, SHIBA INU has an average sentiment score of 3 out of 5. Finally, SHIBA INU is becoming more newsworthy, with 5 news articles published about SHIBA INU. This is a 75% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about SHIBA INU. There were 7.02% of tweets with bullish sentiment compared to 4.62% of tweets with a bearish sentiment about SHIBA INU. 88.36% of tweets were neutral about SHIBA INU. These sentiments are based on 14090 tweets.

On Reddit, SHIBA INU was mentioned in 300 Reddit posts and there were 530 comments about SHIBA INU. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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41,367 people


13,247 posts



Volume rank


Average Sentiment

3 out of 5

News Articles








Post Score


Comment Score


Coinbase Bytes

Coinbase Bytes

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SHIBA INU is on the rise this week.

The price of SHIBA INU has increased by 0.57% in the last hour and decreased by 0.45% in the past 24 hours. SHIBA INU’s price has also risen by 1.11% in the past week. The current price is $0.000018 per SHIB with a 24-hour trading volume of $412.66M. Currently, SHIBA INU is valued at 80.23% below its all time high of $0.000090. This all-time high was the highest price paid for SHIBA INU since its launch.

The current circulating supply of SHIBA INU is 589,270,679,726,919.4 SHIB which means that SHIBA INU has as total market cap of 589,270,679,726,919.4.


What is the current price of SHIBA INU?

We update our SHIBA INU to USD currency in real-time. Get the live price of SHIBA INU on Coinbase.

What is the market cap of SHIBA INU?

The current market cap of SHIBA INU is $10.49B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SHIBA INU?

The all-time high of SHIBA INU is $0.000090. This all-time high is highest price paid for SHIBA INU since it was launched.

What is the 24 hour trading volume of SHIBA INU?

Over the last 24 hours, the trading volume of SHIBA INU is $412.66M.

What other assets are similar to SHIBA INU?

Assets that have a similar market cap to SHIBA INU include TRON, Chainlink, Polkadot, and many others. To see a full list, see our comparable market cap assets.

How many SHIBA INU are there?

The current circulating supply of SHIBA INU is 589 trillion.

What is the typical holding time of SHIBA INU?

The median time that Coinbase customers hold SHIBA INU before selling it or sending it to another account or address is 217 days.

What is the relative popularity of SHIBA INU?

SHIBA INU ranks 3 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of SHIBA INU?

Currently, 97% of Coinbase users are buying SHIBA INU. In other words, 97% of Coinbase customers have increased their net position in SHIBA INU over the past 24 hours through trading.

Can I buy SHIBA INU on Coinbase?

Yes, SHIBA INU is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy SHIBA INU guide.