Track market-moving stories before they get noisy

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Shiba Inu temporarily saw a period of zero burns before this quickly flipped as the SHIB burn address received fresh tokens.

Earlier on Saturday, Shiba Inu's (SHIB) burn tracker reported $0 worth of SHIB burned over 24 hours, marking a pause in SHIB burns. Shortly after, a single burn transaction of 20,408,894 SHIB by an unknown address given as '0x8172' changed this narrative.

In the last 24 hours, a total of 20.41 million SHIB has now been burned, according to Shibburn data at press time. This caused the daily burn rate to increase by 725%, ending a period of zero activity for the dog coin.

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87.64 million SHIB were burned over seven days and about 693.20 million SHIB over 30 days, adding to the lifetime total of 410,845,045,282,575 SHIB burned.

Shiba Inu continues to contribute to SHIB burns in a significant way. According to longtime Shiba Inu community member Mazrael, "there's still the community burn portal being done."

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This comes despite Shibarium-based burner ShibTorch being under maintenance, according to Mazrael, with the bridge and other portions of the infrastructure being worked on. Under ecosystem burns, 69.32 billion SHIB has been burned, according to ShibWatch. This is worth a total of $1.27 million at the price when each burn happened.

SHIB priceAt the time of writing, SHIB was down 3.92% in the last 24 hours to $0.000004919 as the broader crypto market intensified a selloff seen earlier in the week.

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Investors continued to express misgivings over the massive debt tech companies are taking on to finance their build-out of AI networks. This sentiment spilled into the digital asset market, with most cryptocurrencies declining since mid-week.

This applies to Shiba Inu, which is declining on Saturday, reaching an intraday low of $0.00000485. SHIB saw choppy price action this week, rising at the week's start only to decline sharply on Wednesday before rebounding and then dropping again. 

Major cryptocurrencies Shiba Inu (SHIB), Dogecoin (DOGE), XRP, and Binance Coin (BNB) showed divergent trends, with technical indicators highlighting ongoing uncertainty across the broader crypto market. While SHIB, DOGE, and XRP grappled with persistent selling pressure and struggled below important resistance levels, BNB displayed relative strength above its long-term trend indicators.

Shiba Inu (SHIB) faces bearish sentimentShiba Inu continued to trade under sustained bearish pressure, hovering near $0.00000508 after losing momentum in its recent recovery attempts. The altcoin failed to reclaim resistance between $0.00000530 and $0.00000550, where several short-term moving averages were clustered.

A move above this range could trigger further advances toward $0.00000580, with the $0.00000600 mark acting as a psychologically significant target for buyers. However, the descending trend in long-term moving averages signaled ongoing vulnerability to downside risk.

Immediate support sits at $0.00000500, with a drop below this threshold potentially exposing SHIB to additional declines toward $0.00000470 and $0.00000450. The Relative Strength Index (RSI) remained below the neutral 50 level, indicating that bearish momentum remained dominant. Lower trading volumes also pointed to a lack of substantial buying conviction. A clear move above $0.00000550 could be the first signal for a shift in short-term sentiment.

Despite signs of stabilization in the broader market structure, the combination of persistent resistance and muted trading activity continues to keep SHIB on uncertain footing as it trades near recent lows.

Dogecoin (DOGE) slump extendsDogecoin traded near $0.07958 following an extended decline throughout 2025. Attempts to mount a lasting recovery repeatedly stalled, with the latest rejection occurring near $0.1000. This reversal brought DOGE below several important moving averages and reaffirmed the prevailing bearish setup.

DOGE faces immediate resistance between $0.0850 and $0.0880. A breakout above this area could push the price closer to $0.0920, where a downward sloping long-term moving average poses another obstacle. The psychological level of $0.1000 remains a key upside target for any significant reversal.

On the downside, DOGE finds support around $0.0780, with further protection at $0.0750. A clear breach below these levels would likely increase selling pressure, possibly driving prices down to $0.0700—a level that previously attracted buyers. The RSI hovered near the bottom of its neutral range, signaling subdued buying momentum. Declining volume added to signs of caution among traders.

AssetCurrent PriceResistanceSupportShiba Inu (SHIB)$0.00000508$0.00000530–$0.00000550$0.00000500Dogecoin (DOGE)$0.07958$0.0850–$0.0880$0.0780XRP$1.3045$1.35, $1.38–$1.40$1.30Binance Coin (BNB)$743.70$750–$760$710–$720XRP sellers keep control under resistanceXRP traded around $1.3045, remaining weak after losing ground to sellers at higher levels. The token briefly rallied from August lows near $1.00 but could not sustain momentum as multiple resistance zones pushed the price lower. XRP continued to hover beneath its descending long-term moving average, which stood near $1.38, creating a central challenge for any bullish reversal.

Key resistance sits at $1.35, while a cluster of moving averages between $1.38 and $1.40 further limits upside attempts. Establishing a foothold above these levels could renew bullish optimism, potentially setting a path toward $1.45 and $1.50. However, buyers would likely need improved trading activity and consistent closes above resistance levels to confirm the start of a new uptrend.

Support at $1.30 is critical in the near term, with a break below that area leaving room for further declines to $1.25 or even $1.20. If selling accelerates, technicians point to the $1.10–$1.15 range as the next potential target. Lower volume since XRP’s last breakout has further contributed to uncertainty around short-term market direction, suggesting that consolidation or additional weakness is possible without a clear catalyst to the upside.

Buyers have attempted to steady XRP after the latest rejection at resistance, but the waning volume and inability to regain higher ground highlight a cautious environment where downside risks remain prominent.

Binance Coin (BNB) steadies above trend supportBinance Coin traded near $743.70 as stabilization efforts emerged following a correction from highs around $800. As the native token of the Binance ecosystem and one of the largest cryptocurrencies by market capitalization, BNB held above critical long-term trend indicators, reflecting relative strength compared to many peers stuck below their averages.

BNB’s rebound from approximately $580 in August to $800 in early October marked a robust recovery. After a wave of profit-taking pushed the price toward $720, buyers stepped in, keeping the asset well-positioned above short-term support.

Resistance is clustered between $750 and $760, with a successful breakout likely to renew buying interest and challenge the $780 level, followed by the key psychological bar at $800. Support resides between $710 and $720, an area where previous demand provided stability.

With the RSI around the midline, analysts view BNB as being at a crossroads between bulls and bears. Current consolidation near $740 suggests selling may have eased post-correction, but stronger volume will be needed to confirm new upward momentum. Maintaining closes above $710–$720 would support the longer-term recovery trend, while a break above $760 could boost optimism for a fresh rally.

Mini dictionary: Binance Coin (BNB) is the native digital asset of Binance, one of the world’s largest cryptocurrency exchanges. BNB is used to pay transaction fees on Binance, participate in token sales, and access a variety of financial services within the Binance ecosystem.

Shiba Inu, one of the most actively traded meme tokens, is currently priced at $0.00000510. The token recovered from a daily low of $0.00000493 but remains just above a critical price threshold, while exchange data indicates increasing supply on trading platforms.

Exchange reserves and market pressureTotal SHIB reserves held on exchanges climbed to 87.2364 trillion tokens, up by 0.06% over the last 24 hours. This pool is now valued at approximately $441.4 million, reflecting a 0.86% increase. Data shows a net inflow of 53.8 billion SHIB to exchanges in the same period, with inflows totaling 256.4 billion SHIB and outflows at 202.6 billion SHIB—representing a 3.69% day-over-day rise in net inflow.

MetricValue24h ChangeSHIB exchange reserves87.2364T+0.06%Net inflow53.8B SHIB+3.69%Reserve value$441.4M+0.86%Large net inflows of coins to exchanges can signal a possible increase in selling pressure. When tokens are held on trading platforms, holders have the option to sell quickly, especially if the price stalls below resistance levels. At the moment, SHIB finds resistance near multiple moving averages, and the rise in supply on exchanges adds an extra layer of caution for market participants.

Recent data shows a net inflow of 53.8 billion SHIB onto exchanges, raising supply there to 87.2 trillion tokens and potentially increasing short-term selling pressure as Shiba Inu’s price hovers near critical resistance.

Network metrics and technical outlookDespite the cautious sentiment, SHIB’s underlying network activity remains stable. There were 4,634 transactions recorded, marking a 0.98% increase, and active addresses grew by around 1%. These gains suggest regular use of the network, though they stop short of indicating significant new demand.

During the last seven days, Shiba Inu saw a total of 1.88 million SHIB burned. A single sharp spike in the burn rate was visible, but the overall burned supply did not meaningfully impact the vast circulating supply.

Mini dictionary: Burned supply refers to the process of permanently removing tokens from circulation, reducing the total supply and potentially impacting token value if burns are significant relative to total circulating supply. Most burns are small and do not affect price unless conducted on a large scale.

Technical indicators show Shiba Inu remains under several key resistance levels. The 100-day moving average sits near $0.00000525, and the 200-day moving average is close to $0.00000558, collectively forming a barrier above the current market price. The Relative Strength Index (RSI) stands between 40 and 45, pointing to weak momentum that is neither oversold nor strongly trending upward. In addition, a recent decline in trading volume highlights a lack of robust buying support behind the recent price bounce.

Key support and resistance levelsOn the downside, technical support is located between $0.00000480 and $0.00000493. This range has held firm in recent sessions. Should SHIB fall below this zone, the price could revisit the $0.00000450 level, which previously served as support in August.

For bulls to regain control, the price needs to close above the 100-day average at $0.00000525. Sustained inflows to exchanges while SHIB remains under this resistance may increase the chance of a pullback. Conversely, stronger outflows paired with a move above key moving averages would strengthen the case for further recovery.

If Shiba Inu maintains a daily close above $0.00000525 and exchange outflows rise, the recovery may gain momentum, but persistent net inflows and weak volumes suggest ongoing caution for now.

As Shiba Inu continues to show mixed price actions, sitting in the red territory on most trading sessions, its key exchange activity has shown that demand is still on hold.

Latest data from crypto analytics platform CryptoQuant shows a positive balance in the Shiba Inu exchange netflow over the last 24 hours, which could mean sustained selling pressure for the asset.

Shiba Inu netflow spikes 4%According to the data, the Shiba Inu exchange netflow has increased to over 77 billion SHIB in the last 24 hours, following an increase of about 4% during the period.

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This means that the amount of SHIB currently available for sale across all supported exchanges has surged modestly over the last day, suggesting that demand is currently on hold.

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With the SHIB exchange flow sitting at a net balance of 77,298,600,000 SHIB as of October 23, it appears that the amount of SHIB tokens being sent to exchanges for sale over the last day is substantially higher than the amount of tokens removed from the exchanges for buying purposes.

What does this mean for SHIB?The positive balance in the Shiba Inu exchange netflow over the last 24 hours provides a bearish outlook for the asset, as it typically indicates that sellers are dominating the market.

However, the bearish exchange activity has come when Shiba Inu's price has suddenly flipped to the green territory, reclaiming a local high around $0.0000051.

Source: CoinMarketCap This provides relief to market participants as the brief price recovery suggests that momentum may flip soon and bullish traders may reclaim dominance soon.

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Last Updated: October 23, 2026

The most reliable way to track Shiba Inu (SHIB) burns is to combine three sources: Shibburn for daily totals, a blockchain explorer such as Etherscan to verify each burn transaction, and ShibWatch or the official shib.io site for the state of ShibTorch, Shibarium’s own burn mechanism. No single tracker is official, and they do not count burns the same way.

About 410.85 trillion SHIB, or 41.08% of the original 1 quadrillion supply, has been burned according to Shibburn, but almost all of it comes from a single transaction by Ethereum co-founder Vitalik Buterin in May 2021. Burns today are tiny: about 673 million SHIB in the past 30 days, worth roughly $3,810. ShibTorch, the official burn portal, is under maintenance and has not burned SHIB since August 2025, according to ShibWatch.

Key Takeaways

Total burned: about 410.85 trillion SHIB according to Shibburn, of which about 410.44 trillion sits in a single dead address that holds Vitalik Buterin’s 2021 burn.
Recent burns: about 2.47 million SHIB in the past 24 hours (about $12), 67.2 million in seven days and 673.4 million in 30 days, according to Shibburn on October 23, 2026.
ShibTorch is paused: the Shibarium burn portal is under maintenance because the SHIB route on the Shibarium bridge has stayed closed since a September 2025 exploit.
Trackers disagree: Shibburn counts about 340 billion more burned SHIB than the three main burn addresses hold on-chain, and supply figures differ by several trillion SHIB between Shibburn and CoinMarketCap.
Headline burn rates mislead: recent spikes of 492% and 2,349% involved burns worth about $13 and $5.

SHIB Burn Data Today
MetricValueTotal SHIB burned (Shibburn)410,845,024,873,680 SHIB (41.08% of 1 quadrillion)Burned in the past 24 hours2,472,769 SHIB (about $12)Burned in the past 7 days67,240,450 SHIB (about $341)Burned in the past 30 days673,379,117 SHIB (about $3,810)Largest burn address balance410,437,114,516,937 SHIB (0xdEAD…2069)SHIB priceAbout $0.0000050ShibTorch statusUnder maintenance; last burn in August 2025 (ShibWatch)
Sources: Shibburn and Etherscan, October 23, 2026; price from CoinMarketCap; ShibTorch status from ShibWatch and U.Today, October 22, 2026. Shibburn’s 24-hour figure is a rolling window, so it changes through the day.

For live price levels, see our Shiba Inu price page.

Where to Check SHIB Burns: Trackers Compared
SourceWho runs itWhat it showsBest forCaveatsShibburn (shibburn.com)Independent; now managed by BurnalyticsTotal burned, 24-hour, 7-day and 30-day burns, recent burn transactions and top burnersQuick daily totalsNot affiliated with the Shiba Inu team; counts several burn addresses; does not publish the cut-off time of its 24-hour windowEtherscanIndependent block explorerSHIB balance of each burn address and every individual transactionVerifying a specific burnShows raw transfers and balances, not daily totals; you need the correct SHIB contract and burn addressShibWatchCommunity tracker; operator not namedShibTorch burn totals, the BONE waiting to be burned and the status of each Shibarium bridge laneChecking whether ShibTorch is workingUnofficial; reads contracts directly but is not auditedshib.io (ShibTorch page)Shiba Inu teamShibTorch burn activity and contractsThe official view of Shibarium burnsIts burn page was failing to load data on October 22, 2026 because the indexer behind it no longer runsThe Shib DailyShiba Inu teamAnnouncements about ShibTorch, Shibarium and burn mechanismsOfficial changes and explanationsThe team’s own outlet, so confirm claims on-chainShibariumscanShibarium block explorerTransactions on ShibariumChecking Shibarium-side activityHad indexed only about 54% of Shibarium blocks as of October 1, 2026
The practical setup is simple: bookmark Shibburn for the daily number, check any large or unusual burn on Etherscan, and look at ShibWatch or shib.io when headlines talk about Shibarium or ShibTorch burns.

SHIB Burn Addresses
The SHIB token contract on Ethereum is 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE. Burned SHIB sits in addresses that no one controls, so the tokens can never move again.

AddressWhat it isSHIB held on October 23, 20260xdEAD000000000000000042069420694206942069Dead address used for Vitalik Buterin’s May 2021 burn410,437,114,516,936.90x000000000000000000000000000000000000dEaDCommon dead address; Shibburn says the team used it for ShibaSwap listings49,460,833,155.30x0000000000000000000000000000000000000000Null address; sending SHIB here destroys it and lowers the on-chain total supplyAbout 17.67 billion destroyed
Balances from Etherscan. The null address holds no balance because burns to it reduce SHIB’s on-chain total supply, which now stands at 999,982,327,167,466 SHIB instead of 1 quadrillion.

Why SHIB Burn Trackers Show Different Numbers
The three addresses above add up to about 410.50 trillion SHIB. Shibburn reports about 410.85 trillion, roughly 340 billion more, and does not publish the full list of addresses it counts. Media outlets have attributed the gap to Shibburn summing several burn addresses, but the exact method is not public.

Supply figures differ for a similar reason. CoinMarketCap and CoinGecko put SHIB’s total supply at about 589.50 trillion, which equals the on-chain supply minus the two dead addresses above, and its circulating supply at about 589.24 trillion. Shibburn shows a total of about 589.15 trillion and a circulating supply of about 585.49 trillion, because it treats more tokens as burned and excludes more wallets from circulation. Neither side lists every wallet it excludes, so a difference of a few trillion SHIB between sites is normal and does not mean anyone is wrong about the burns themselves.

This comparison is our own analysis of Shibburn, CoinMarketCap, CoinGecko and Etherscan data from October 23, 2026.

Why SHIB Burn Rate Headlines Mislead
Burn rate headlines compare one day’s burns with the day before, so tiny amounts can produce huge percentages. On October 19, the burn rate jumped 2,349% on about 1.10 million SHIB, worth about $5. On October 21, it rose 492% on about 2.7 million SHIB, worth about $13. In early October, a 182,140% spike was followed the next day by a reading of zero burned SHIB.

The more useful measure is burns as a share of supply. About 673 million SHIB burned in 30 days is roughly 0.0001% of the circulating supply. At that pace, burning just 1% of the supply would take about 714 years, according to Cryptoticker. By comparison, about 87 trillion SHIB sat on exchanges on October 21, roughly 129,000 times the monthly burn. Our analysis of SHIB’s burn rate explains the math in more detail.

What Happened to ShibTorch?
ShibTorch went live on August 16, 2024 as Shibarium’s community burn portal. Shibarium charges transaction fees in BONE, and under the network’s design about 70% of base fees is set aside to buy and burn SHIB, with 30% going to the treasury. A hard fork on August 9, 2024 automated that burn, and ShibTorch V2, released in January 2025, moved the portal into shib.io and simplified the bridge route the burns use.

The process has stalled. According to community member Mazrael, cited by U.Today on October 22, 2026, ShibTorch now swaps BONE for SHIB on Shibarium and then bridges the SHIB to a dead address on Ethereum. That SHIB lane on the Shibarium bridge has been closed since the September 12, 2025 exploit, in which an attacker used a flash loan of 4.6 million BONE and control of 10 of 12 validator signing keys to drain about $2.4 million. The BONE lane reopened on October 14, 2025 with a seven-day withdrawal delay, but the SHIB lane has not moved since October 2025, according to ShibWatch.

ShibTorch is now listed as under maintenance, with about 371 BONE waiting to be burned, below the threshold of 1,000 BONE that community members say triggers a burn. ShibWatch counts about 69.32 billion SHIB burned through Shibarium-related mechanisms in total, worth about $1.27 million at the time of the burns, and says ShibTorch has not burned since August 2025. Our report on what Shiba Inu is building covers the wider Shibarium roadmap.

A Short History of SHIB Burns
DateEventMay 16 to 17, 2021Vitalik Buterin burns about 410.24 trillion SHIB, about 41% of the supply and 90% of his remaining SHIB, worth up to $6.7 billion at the timeApril 2022A burn portal launches on ShibaSwap, rewarding burners with tokens that earn a share of RYOSHI fees; more than 8 billion SHIB is burned in its first 24 hoursDecember 5, 2023First Shibarium-linked burn: 8.2 billion SHIB, worth about $76,000, from fees collected on the networkAugust 9, 2024Shibarium hard fork automates the burn of 70% of base feesAugust 16, 2024ShibTorch goes live as Shibarium’s community burn portalJanuary 30, 2025ShibTorch V2 moves into shib.io with a simpler bridge routeSeptember 12, 2025Shibarium bridge exploit drains about $2.4 million; the SHIB bridge lane stays closedJuly 2026About 2.96 billion SHIB burned in the week to July 30, the biggest weekly total of the yearOctober 2026ShibTorch under maintenance; 30-day burns near 673 million SHIB
How to Verify a SHIB Burn Yourself

Find the transaction hash. A reliable burn report links to the transaction or names the wallet that sent it.
Open it on Etherscan. Check that the token is SHIB, at contract address 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE, and not a copycat token.
Check the destination. The tokens should go to one of the burn addresses above or be destroyed through a verifiable contract.
Match the amount and time. Compare the on-chain amount with the reported figure, and check whether a burn rate refers to 24 hours, seven days or another period.
Separate burns from pledges. Tokens that are pledged, locked or waiting in a contract, like the BONE sitting in ShibTorch, are not burned until the transaction happens.

Do SHIB Burns Affect the Price?
Not meaningfully at today’s pace. With about 589 trillion SHIB in circulation and burns of under a billion a month, supply is effectively fixed, so SHIB’s price depends on demand, Bitcoin’s direction and meme coin sentiment far more than on burns. Our analysis of whether Shiba Inu can reach 1 cent shows how many tokens would need to be burned for that to change, and our Shiba Inu price prediction covers the forecasts from 2026 to 2040. If you plan to buy SHIB, our guide on where to buy Shiba Inu compares exchanges and wallets.

Data sources: Shibburn and Burnalytics (burn totals), Etherscan (SHIB contract and burn address balances), ShibWatch (ShibTorch and bridge status), U.Today and CoinTurk (ShibTorch maintenance), The Shib Daily (ShibTorch launch, V2 and bridge reopening), The Block (bridge exploit), Decrypt and CoinDesk (Vitalik Buterin’s 2021 burn), Cryptoticker (burn rate math and exchange balances), CryptoPotato and U.Today (burn rate spikes) and CoinMarketCap and CoinGecko (supply and price), as of October 23, 2026.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.

Frequently Asked Questions
How much SHIB has been burned?
About 410.85 trillion SHIB, or 41.08% of the original 1 quadrillion supply, according to Shibburn on October 23, 2026. Almost all of it comes from Vitalik Buterin’s burn of about 410.24 trillion SHIB in May 2021. The main dead address holding that burn has about 410.44 trillion SHIB, and burns since 2021 add up to only a small fraction of the total.

How much SHIB was burned today?
Shibburn showed about 2.47 million SHIB burned in the 24 hours to October 23, 2026, worth about $12, along with about 67.2 million SHIB in seven days and 673.4 million in 30 days. The 24-hour figure is a rolling window that changes through the day, so always check the time of any reading before comparing it with another source.

What is the most reliable SHIB burn tracker?
Shibburn is the most widely cited tracker for daily totals, but it is independent and does not publish its full method. For accuracy, check any important burn on Etherscan, which shows each transaction and the balance of every burn address. For Shibarium and ShibTorch burns, ShibWatch and the official shib.io site show whether the mechanism is actually working.

What is the Shiba Inu burn address?
The main SHIB burn address is 0xdEAD000000000000000042069420694206942069, which holds about 410.44 trillion SHIB, including Vitalik Buterin’s 2021 burn. The common dead address 0x000000000000000000000000000000000000dEaD holds about 49.46 billion SHIB. Sending SHIB to the null address destroys it, which has removed about 17.67 billion SHIB from the on-chain total supply. Always confirm the SHIB contract address before sending or checking any burn.

Why is ShibTorch not burning SHIB?
ShibTorch is under maintenance because the SHIB route on the Shibarium bridge has been closed since a September 2025 exploit that drained about $2.4 million. The portal swaps BONE fees for SHIB and bridges it to a dead address on Ethereum, so without the bridge it cannot complete burns. About 371 BONE was waiting in ShibTorch on October 22, 2026.

Why do SHIB burn trackers show different numbers?
Trackers count different addresses and exclude different wallets from supply. Shibburn reports about 340 billion more burned SHIB than the three main burn addresses hold, and it puts circulating supply near 585.49 trillion, against about 589.24 trillion on CoinMarketCap. Neither publishes a full list of the wallets it counts, so small differences between sites are normal.

Can token burns push SHIB to 1 cent?
Not at the current pace. About 673 million SHIB was burned in the past 30 days, roughly 0.0001% of the circulating supply, so burning even 1% would take about 714 years. One cent would require removing almost all of the remaining 589 trillion SHIB, or a market value of about $5.9 trillion, more than twice the entire crypto market.

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Last Updated: October 22, 2026

Shiba Inu (SHIB) traded near $0.0000050 on October 22, 2026, according to CoinMarketCap, about 28% below where it started the year and 94% below its record of $0.00008845, set on October 28, 2021. Our base case puts SHIB at $0.0000045 to $0.0000060 at the end of 2026, with a bull case of $0.0000075 to $0.0000090 and a bear case near $0.0000040, the level of its June low. None of the five forecasting models we reviewed puts SHIB anywhere near one cent, and the most optimistic of them does not reach $0.0001 before 2035.

This page replaces our earlier Shiba Inu forecast. Since 2024, SHIB has lost most of its value: it peaked near $0.0000457 in March 2024, started 2025 near $0.0000212, ended the year near $0.0000069 and fell to about $0.0000041 on June 25, 2026. Its burns amount to a few thousand dollars a month, no spot SHIB ETF exists, and the first multi-token crypto ETF from T. Rowe Price launched without it. The new story in October is distribution: SHIB went live on Solana on October 4.

What Is Shiba Inu? Shiba Inu was launched in August 2020 by an anonymous developer known as Ryoshi as an Ethereum-based meme token and a deliberate rival to Dogecoin. Its total supply was set at 1 quadrillion tokens, half of which was sent to Ethereum co-founder Vitalik Buterin. In May 2021, Buterin burned about 410 trillion of them by sending them to a dead address and donated most of the rest, which is why roughly 41% of the original supply is now out of circulation.

The project has since grown into an ecosystem with two other tokens, BONE and LEASH, a decentralized exchange called ShibaSwap and Shibarium, a layer-2 network that launched in August 2023 to cut transaction costs. Unlike Dogecoin, SHIB has no ongoing issuance: its supply only shrinks when tokens are burned. In practice, almost all of the burned supply comes from Buterin’s 2021 burn, and community burns since then have been tiny by comparison.

SHIB Market Data: October 2026 MetricValuePrice~$0.0000050Market Cap~$2.99 billion (31st largest)Circulating Supply~589 trillion SHIBTotal Burned~410.8 trillion SHIB (41% of the original supply)Burned in the Past 30 Days~673 million SHIB (about $3,800)All-Time High$0.00008845 (October 28, 2021)Distance From All-Time HighAbout -94%2025 PerformanceAbout -67% ($0.0000212 to $0.0000069)2026 So FarAbout -28%, range ~$0.0000041 to ~$0.0000101US Spot SHIB ETFsNone Sources: CoinMarketCap price and supply data on October 22, 2026; Shibburn burn data; Binance daily price history.

For the live quote and daily levels, see our Shiba Inu price page.

Shiba Inu Price History: From a Meme to $0.00008845 SHIB traded for tiny fractions of a cent through its first months. Its defining run came in 2021: after listings on major exchanges in May, the token climbed to its all-time high of $0.00008845 on October 28, 2021, at the height of that year’s meme coin mania. The 2022 bear market took it to about $0.0000071 on June 18, 2022, and it bottomed near $0.0000054 in June 2023.

The last cycle was smaller. SHIB rallied from about $0.0000083 in early January 2024 to about $0.0000457 on March 5, 2024, then faded through the rest of the year and started 2025 near $0.0000212. It peaked at about $0.0000250 in January 2025 and ended the year near $0.0000069, a loss of roughly 67%. In 2026 it touched about $0.0000101 on January 5 before sliding to about $0.0000041 on June 25, its lowest price since the token’s 2021 breakout.

PeriodKey PriceOctober 28, 2021$0.00008845 (all-time high)June 18, 2022~$0.0000071 (bear market low)June 10, 2023~$0.0000054 (cycle low)March 5, 2024~$0.0000457 (last cycle high)January 18, 2025~$0.0000250 (2025 high)December 31, 2025~$0.0000069 (2025 close)January 5, 2026~$0.0000101 (2026 high)June 25, 2026~$0.0000041 (2026 low so far)October 22, 2026~$0.0000050 Dates and levels are based on Binance SHIB/USDT daily data.

Shiba Inu in 2026: Shibarium, Burns and Solana Shibarium. The network has had to rebuild trust since a flash-loan attack on its bridge in September 2025 drained about $2.4 million in assets. Developers rolled out further node and configuration fixes in September 2026, but Shibarium has not yet become a meaningful source of demand for SHIB.

Burns. The burn mechanism is often cited as SHIB’s path to higher prices, but the numbers are small. Shibburn data show about 673 million SHIB burned in the past 30 days, worth about $3,800, which is roughly 0.0001% of the circulating supply. Burns have also slowed for a technical reason: ShibTorch, the tool that burns SHIB using Shibarium gas fees, is under maintenance because the Shibarium bridge route it relies on is paused, U.Today reported on October 22. Our analysis of SHIB’s burn rate explains why the headline percentage changes say little about supply.

Solana. SHIB went live on Solana on October 4, 2026, through the Sunrise token gateway, with the official Shiba Inu and Solana accounts confirming the listing and trading opening on apps including Jupiter, Raydium and Phantom. By October 16, about 42.5 billion SHIB, worth roughly $218,000, had moved to Solana, a tiny share of supply but a new route into one of crypto’s most active trading networks.

ETFs. There is no US spot SHIB ETF, and no major issuer has filed for one. T. Rowe Price’s Active Crypto ETF (TKNZ), which launched on NYSE Arca on July 16, 2026, can hold a range of eligible tokens, but SHIB was not among its holdings at launch, when Dogecoin, at about 1.3% of the fund, was its only meme coin.

Shiba Inu Price Predictions Compared: Models and Analysts Banks and major research firms do not publish SHIB price targets, so forecasts come from algorithmic models and technical analysts. No prediction market currently offers a long-dated SHIB contract.

SourceForecastDateCoinCodex2026 range ~$0.0000045 to $0.0000054; 2030 range ~$0.0000029 to $0.0000036; “will not reach $0.01”October 20, 2026Changelly2026 average ~$0.0000048; 2030 average ~$0.0000032October 21, 2026CoinLore2026 base ~$0.0000028; 2030 base ~$0.0000097, bull ~$0.000047; 2040 bull ~$0.00021October 21, 2026Gate2026 average ~$0.0000052; 2030 range ~$0.0000077 to $0.0000093October 2026Telegaon2026 range ~$0.0000075 to $0.000020; 2030 range ~$0.000019 to $0.000055October 3, 2026U.Today (technical analysis)Lost support at the 100-day EMA near $0.00000528; next supports near $0.0000047, $0.0000044 and $0.0000041October 15, 2026 The models disagree on direction but agree on scale. CoinCodex and Changelly expect SHIB to drift lower into 2029 before recovering, while Telegaon, the most optimistic and the least recently updated, starts its 2026 range above today’s price. Even Telegaon’s highest figure for 2050, about $0.00035, is far below one cent.

YearBear CaseBase CaseBull CaseEnd of 2026$0.0000040$0.0000045 to $0.0000060$0.0000075 to $0.00000902027$0.0000025$0.0000045$0.0000272028$0.0000032$0.0000063$0.0000372030$0.0000028$0.0000079$0.0000552035$0.0000044$0.000032$0.000112040$0.0000083$0.000041$0.00021 How this table is built: the 2026 row is our own scenario analysis, based on current chart levels, burn data and the year’s trading range. Rows for 2027 to 2040 summarize five forecasting models (CoinCodex, Changelly, CoinLore, Telegaon and Gate) as of October 2026: the bear case is the lowest published low, the base case is the median of their average or base-case figures, and the bull case is the highest published high. Gate does not publish 2035 and 2040 figures, and CoinCodex does not publish 2035 figures. Bull figures come from Telegaon (2027, 2030 and 2035) and CoinLore (2028 and 2040). Speculative, not financial advice.

Shiba Inu Price Prediction 2026 SHIB enters the final ten weeks of 2026 near $0.0000050, below its 50-day and 200-day moving averages, which sit near $0.0000054 and $0.0000052 on Binance daily closes. The token lost its 100-day exponential moving average, now near $0.0000053, in mid-October. The first support is the October 18 low near $0.0000048, and the June low of about $0.0000041 is the level that matters most for the rest of the year.

Shiba Inu Price Prediction for the End of 2026 Base case ($0.0000045 to $0.0000060): SHIB follows Bitcoin sideways into the Federal Reserve’s October 28 decision and the year-end, holding above its June low. This range covers CoinCodex’s December projection of about $0.0000048 and Gate’s 2026 average of about $0.0000052.

Bull case ($0.0000075 to $0.0000090): a Bitcoin recovery toward $100,000 revives meme coin trading, and new demand through Solana adds to it. That would mean a gain of roughly 50% to 80%, still below SHIB’s January high of about $0.0000101.

Bear case ($0.0000040): Bitcoin loses its October lows, meme coins sell off again and SHIB breaks below its June 25 low of about $0.0000041, which would put it at levels not seen since the 2021 breakout.

Shiba Inu Price Prediction 2027 The models point to a flat 2027. CoinCodex sees SHIB averaging about $0.0000045 over the year, Changelly about $0.0000043 and CoinLore about $0.0000042 in its base case, while Gate is higher at about $0.0000056. The median base case of about $0.0000045 sits below today’s price, and only Telegaon, at up to about $0.000027, expects a strong year.

Shiba Inu Price Prediction 2028 2028 is when the models start to diverge. Bitcoin’s next halving is expected that year, and past SHIB rallies have come during the late stages of Bitcoin’s cycle. CoinLore’s base case is about $0.0000063 and Gate’s average about $0.0000065, while CoinCodex and Changelly stay near $0.0000035 to $0.0000036. The highest published figure, CoinLore’s bull case of about $0.0000365, would still leave SHIB more than 50% below its 2021 record.

Shiba Inu Price Prediction 2030 For 2030, the median base case is about $0.0000079, led by Gate’s average of about $0.0000079 and CoinLore’s base case of about $0.0000097, while Changelly and CoinCodex stay near $0.0000032 and $0.0000033. Telegaon’s range of $0.000019 to $0.000055 is the most optimistic, and even its top end is about 38% below the 2021 high. At today’s supply, a price of $0.000055 would mean a market value of about $32 billion.

Shiba Inu Price Prediction 2035 and 2040 Long-range figures are speculative. For 2035, the median base case of three models is about $0.000032, and the range runs from Changelly’s low of about $0.0000044 to Telegaon’s high of about $0.00011, the first figure in any model above $0.0001. For 2040, the median base case of four models is about $0.000041, CoinLore’s base case is about $0.000073 and its bull case about $0.00021, while CoinCodex and Changelly stay near $0.000009.

Will Shiba Inu Reach 1 Cent? No model we reviewed expects it, and the math explains why. At today’s supply of about 589 trillion tokens, one cent would value SHIB at about $5.9 trillion, more than twice the entire crypto market. Our dedicated analysis, Will Shiba Inu reach 1 cent?, covers the market cap math, what burns can and cannot do and the more realistic price milestones.

Key Factors Driving Shiba Inu Price in 2026 to 2030 Bitcoin’s direction and cycle. SHIB has followed Bitcoin with much higher volatility in every cycle. A recovery in Bitcoin, which trades near $81,600 after peaking at $126,198 in October 2025, is the first condition for any SHIB rally; see our Bitcoin price prediction.

Meme coin sentiment. SHIB’s biggest moves came when retail speculation peaked. Its market value of about $3 billion is roughly a tenth of a meme coin sector worth about $29 billion, according to CoinGecko, and it competes for that money with Dogecoin and newer tokens; see our Dogecoin price prediction for the sector leader.

Supply and burns. With about 589 trillion tokens in circulation and burns of under a billion a month, supply is effectively fixed. Burns would need to rise by many orders of magnitude to change the price picture.

Ecosystem activity. Shibarium usage, the Solana expansion and the team’s other projects could give SHIB more uses, but none of them has yet turned into steady demand for SHIB. Our report on what Shiba Inu is building looks at the roadmap.

Institutional access. No spot SHIB ETF exists, and the one multi-token active ETF that could hold it did not include SHIB at launch. Inclusion in a regulated fund would be a first for SHIB.

Macro conditions. Higher interest rates weigh on speculative assets. The Federal Reserve raised rates in September and meets again on October 28.

Bull Case vs. Bear Case Bull CaseBear CaseBitcoin sets new records after the 2028 halving and meme coin speculation returnsBitcoin stays in a range or falls further, and meme coins keep losing shareSolana access and exchange listings bring new buyersNew buyers favor newer meme coins over SHIBShibarium activity recovers and burns rise meaningfullyShibarium stays quiet and burns remain negligibleAn ETF adds SHIB or an issuer files for a spot SHIB fundSHIB stays outside regulated fundsSHIB retakes $0.0000075 to $0.0000090 by year-end and $0.00002 or more in the next cycleSHIB breaks its June low and trades toward $0.0000030 to $0.0000040 Where to Buy Shiba Inu Shiba Inu is available on major exchanges including Binance, Coinbase, Kraken, KuCoin, Gate, OKX and Bybit, and it can be held in Ethereum-compatible wallets or, since October, traded on Solana apps such as Jupiter and Phantom. Check the token address carefully on Solana, where several other tokens use the SHIB ticker. Our guide to where to buy Shiba Inu compares the options, and our crypto market today page tracks daily price levels.

Data sources: CoinMarketCap and CoinGecko (price, supply, market capitalization and sector data), Shibburn (burn data), U.Today (ShibTorch status), Binance daily data (price history and moving averages), Solana Compass and CoinMarketCap (Solana launch and bridge data), The Block and Crypto Briefing (ETF holdings), U.Today (technical analysis), and the published forecasts of CoinCodex, Changelly, CoinLore, Telegaon and Gate, as of October 22, 2026.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are volatile; always do your own research before investing.

Related reading: Will Shiba Inu Reach 1 Cent? The Math, the Burns and the Odds.

Frequently Asked Questions What is the Shiba Inu price prediction for 2026?
Our base case puts Shiba Inu at $0.0000045 to $0.0000060 at the end of 2026, with a bull case of $0.0000075 to $0.0000090 and a bear case near $0.0000040, the level of its June low. SHIB trades near $0.0000050 on October 22. CoinCodex projects about $0.0000048 for December, and Gate’s 2026 average is about $0.0000052.

What will Shiba Inu be worth in 2030?
Most models keep SHIB well below its 2021 record in 2030. Across five forecasting models we reviewed, the median base case for 2030 is about $0.0000079, with Gate near $0.0000079, CoinLore near $0.0000097 and Changelly near $0.0000032. Only Telegaon, last updated on October 3, sees up to about $0.000055, which would still be below the 2021 high.

Will Shiba Inu reach 1 cent?
Almost certainly not at today’s supply. SHIB would need to gain about 200,000% from about $0.0000050, and one cent would value it at about $5.9 trillion, more than twice the entire crypto market. None of the five models we reviewed projects one cent, and CoinCodex states directly that SHIB will not reach $0.01. Burns are far too small to change that.

Can Shiba Inu reach $0.001?
Not on any published model. At about 589 trillion tokens, $0.001 would mean a market value of about $589 billion, about twice Ethereum’s current value and enough to make SHIB the second-largest cryptocurrency. The highest figure in any model we reviewed is Telegaon’s 2050 maximum of about $0.00035, roughly a third of that level.

What is Shiba Inu’s all-time high?
Shiba Inu’s all-time high is $0.00008845, set on October 28, 2021, during that year’s meme coin mania. In the last cycle it peaked at about $0.0000457 in March 2024, and its 2026 high so far is about $0.0000101 in early January. At about $0.0000050 in October 2026, SHIB trades roughly 94% below its record.

How much SHIB has been burned?
About 410.8 trillion SHIB, or 41% of the original 1 quadrillion supply, has been burned, according to Shibburn. Almost all of it came from Vitalik Buterin’s burn in May 2021. Recent burns are tiny: about 673 million SHIB in the past 30 days, worth roughly $3,800, or about 0.0001% of the circulating supply of roughly 589 trillion tokens.

Is there a Shiba Inu ETF?
Not yet. No spot SHIB ETF trades in the US, and no major issuer has filed for one. T. Rowe Price’s Active Crypto ETF (TKNZ), launched on July 16, 2026, can buy a range of eligible tokens, but SHIB was not among its holdings at launch, when Dogecoin was its only meme coin at about 1.3% of the fund.

Why did Shiba Inu fall in 2025 and 2026?
SHIB followed Bitcoin lower after Bitcoin peaked at $126,198 in October 2025, and it fell harder, as meme coins usually do. Retail speculation moved to newer meme coins, a $2.4 million bridge exploit in September 2025 hurt confidence in Shibarium, and burns stayed negligible. SHIB lost about 67% in 2025 and another 28% so far in 2026.

Is Shiba Inu a good investment?
Shiba Inu is a high-risk, speculative asset whose price depends mainly on Bitcoin’s direction and meme coin sentiment rather than on cash flows or usage. It trades about 94% below its 2021 high, its burn mechanism has little effect on supply, and its ecosystem activity is modest. It suits only investors who can tolerate large swings and losses. This is not financial advice.

Table of contents

Last Updated: October 22, 2026

Shiba Inu (SHIB) is trading at about $0.0000050 in October 2026, which means it would need to rise roughly 2,000 times, a gain of about 200,000%, to reach one cent. At today’s supply of about 589 trillion tokens, a one-cent SHIB would be worth about $5.9 trillion, more than twice the value of the entire crypto market. That is why none of the forecasting models we reviewed expects it, and why the question for SHIB holders is really about supply, not price.

This article gives you the honest answer, backed by the market cap math, the actual burn data and a clear look at the price milestones that are within reach.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile. Always conduct your own research.

Shiba Inu at a Glance: October 2026
MetricValueCurrent Price~$0.0000050 (October 22, 2026)All-Time High$0.00008845 (October 28, 2021)Distance to 1 Cent~2,000x, or about +200,000%Circulating Supply~589 trillion SHIBMarket Cap Today~$2.99 billion (31st largest)Market Cap at 1 Cent~$5.9 trillionTotal Crypto Market~$2.75 trillionTotal Burned~410.8 trillion SHIB (41% of the original supply)Burned in the Past 30 Days~673 million SHIB (about $3,800)
Sources: CoinMarketCap price and supply data and CoinGecko total market data on October 22, 2026; Shibburn burn data.

The 1 Cent Math: What Would It Actually Take?
A token’s price is its market value divided by its supply, so the fastest way to test any SHIB target is to multiply it by the number of tokens in circulation.

At one cent, SHIB’s roughly 589 trillion tokens would be worth about $5.9 trillion. That is about 3.6 times Bitcoin’s current market value of about $1.64 trillion and about 2.1 times the whole crypto market, which CoinGecko puts at about $2.75 trillion. Even at its all-time high of $0.00008845 in October 2021, today’s supply would be worth only about $52 billion.

Target PriceGain Needed From ~$0.0000050Market Value at Today’s SupplyHow It Compares Today$0.00001~2x~$5.9 billionRoughly SHIB’s level in early January 2026$0.0001~20x~$59 billionAbove the 2021 record; close to Solana’s current value$0.001~200x~$589 billionAbout twice Ethereum; second only to Bitcoin$0.01~2,000x~$5.9 trillionAbout 2.1 times the entire crypto market
Market values use a circulating supply of about 589 trillion SHIB and CoinMarketCap and CoinGecko data on October 22, 2026.

The jump from one row to the next is tenfold each time, and so is the market value required. Every serious path to one cent therefore depends on cutting the supply, which is where SHIB’s burn mechanism comes in.

Can Token Burns Get SHIB to 1 Cent?
Burning sends tokens to an address no one can spend from, permanently removing them from supply. About 410.8 trillion SHIB, or 41% of the original 1 quadrillion, has been burned so far, according to Shibburn. Almost all of it came in a single transaction in May 2021, when Ethereum co-founder Vitalik Buterin burned about 410 trillion tokens that SHIB’s creator had sent him.

Burns since then have been tiny. Shibburn counts about 673 million SHIB burned in the past 30 days, worth roughly $3,800, which is about 0.0001% of the circulating supply. Our analysis of SHIB’s burn rate explains why the large percentage jumps often quoted in headlines describe very small amounts. Burns have also slowed for a technical reason: ShibTorch, the tool that burns SHIB using Shibarium gas fees, is under maintenance because the Shibarium bridge route it relies on is paused, U.Today reported on October 22.

To see what burns would need to achieve, consider two scenarios:

At today’s market value of about $3 billion, one cent would require a supply of about 300 billion SHIB. That means burning about 99.95% of the tokens in circulation.
At a market value of about $100 billion, roughly BNB’s size today, one cent would require a supply of about 10 trillion SHIB. That means burning about 579 trillion tokens. At the pace of the past 30 days, about 8.2 billion SHIB a year, that would take roughly 70,000 years.

Burns can support the price at the margin, but on current numbers they cannot do the heavy lifting a one-cent target requires.

What Would Need to Happen for SHIB to Reach 1 Cent
For one cent to become realistic, three things would have to change at once, and none of them is close today.

A deep supply cut. Even a far larger SHIB market value than today’s would leave one cent out of reach without removing most of the remaining supply: at a $100 billion value, about 98% of it. That would take a burn program thousands of times larger than the current one, or a token redesign that the project has not proposed.

A much larger crypto market. Without a supply cut, SHIB would need a market value of about $5.9 trillion. That only becomes conceivable in a crypto market many times its current size of about $2.75 trillion, with SHIB keeping a large share of it.

Sustained demand beyond meme coin cycles. SHIB’s rallies have come during short bursts of retail speculation. Shibarium, the layer-2 network launched in August 2023, and SHIB’s arrival on Solana on October 4, 2026, give the token more places to be used, but neither has yet created steady demand. Our report on what Shiba Inu is building looks at the roadmap.

What Forecasting Models Say About 1 Cent
None of the five forecasting models we reviewed, CoinCodex, Changelly, CoinLore, Telegaon and Gate, projects one cent, or even $0.001, in any year it publishes.

CoinCodex states that SHIB “will not reach $0.01” and puts its highest projection at about $0.000023 in 2050.
CoinLore has the highest long-range figure, a 2040 bull case of about $0.00021.
Telegaon, the most optimistic on the near term, reaches about $0.000055 in 2030 and about $0.00035 in 2050.
Changelly and Gate keep SHIB below $0.00001 through 2030.

The first figure above $0.0001 in any of these models is Telegaon’s 2035 maximum of about $0.00011, and that would still need about 90 times more growth to reach one cent. For year-by-year targets with bear, base and bull cases from 2026 to 2040, see our Shiba Inu price prediction.

More Realistic SHIB Price Milestones
$0.00001. SHIB traded at about $0.0000101 on January 5, 2026, so this level is about a double from today. It would require a broad meme coin recovery, but no change in supply or market structure.

$0.0001. A move above $0.0001 would set a new all-time high and value SHIB at about $59 billion, close to Solana’s current market value. Only Telegaon’s 2035 range reaches it among the models we reviewed, and it would likely require a full crypto bull cycle in which SHIB regains its 2021 popularity.

$0.001. This would make SHIB worth about $589 billion, roughly twice Ethereum’s current value. No model we reviewed projects it in any year.

Will Shiba Inu Ever Reach 1 Cent?
The most balanced answer is: not with the current supply, and not on any timeline that forecasters publish.

SHIB has delivered huge percentage gains before. In 2021 it rose by many thousands of percent in a matter of months, but it did so from a market value of almost nothing. Repeating that kind of multiple from about $3 billion would require a market value larger than the entire crypto market today, which is why the one-cent goal depends on supply rather than on sentiment.

What is realistic is a recovery within the range SHIB has already traded in. A return to its January high near $0.00001 needs about a double, and a new record above $0.0001 is a long-cycle bull case. For the short-term picture, see our Shiba Inu price page, and for how SHIB compares with the largest meme coin, see our Dogecoin vs. Shiba Inu comparison.

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Frequently Asked Questions
Will Shiba Inu reach 1 cent?
Almost certainly not at today’s supply. From about $0.0000050, SHIB needs a gain of roughly 200,000% to reach one cent, which would value it at about $5.9 trillion, more than twice the entire crypto market of about $2.75 trillion. None of the five forecasting models we reviewed projects one cent, and CoinCodex states directly that SHIB will not reach it.

When will Shiba Inu reach 1 cent?
No forecasting model gives a date, because none expects it. The highest figures we found are CoinLore’s 2040 bull case of about $0.00021 and Telegaon’s 2050 maximum of about $0.00035, both far below one cent. A realistic path would require burning most of the remaining supply, something no current program comes close to doing.

How many SHIB need to be burned for 1 cent?
It depends on SHIB’s market value. At today’s value of about $3 billion, supply would have to fall from about 589 trillion to about 300 billion tokens, a 99.95% cut. At a $100 billion value, it would have to fall to about 10 trillion, which means burning about 579 trillion SHIB. At the recent pace of about 8.2 billion a year, that would take roughly 70,000 years.

Can Shiba Inu reach $0.001?
Not on any model we reviewed. At about 589 trillion tokens, $0.001 would mean a market value of about $589 billion, roughly twice Ethereum’s current value and enough to make SHIB the second-largest cryptocurrency. The highest figure in any model is Telegaon’s 2050 maximum of about $0.00035, about a third of that level.

How much SHIB has been burned so far?
About 410.8 trillion SHIB, or 41% of the original 1 quadrillion supply, according to Shibburn. Almost all of it came from Vitalik Buterin’s burn in May 2021. In the past 30 days, about 673 million SHIB were burned, worth roughly $3,800, or about 0.0001% of the circulating supply of roughly 589 trillion tokens.

What is the highest price Shiba Inu has ever reached?
Shiba Inu’s all-time high is $0.00008845, set on October 28, 2021, during that year’s meme coin mania. In the last cycle it peaked at about $0.0000457 in March 2024. At about $0.0000050 in October 2026, SHIB trades roughly 94% below its record, and even the record was about 113 times below one cent.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu is trading near $0.00000516, and exchange data is beginning to move in a way that matters. The total SHIB held on exchanges has reached approximately 87.16 trillion tokens. That is a rise of 0.08% in the last day, and the 7-day line shows a sharp bounce at the end. Coins on exchanges are the coins ready to be sold, so this metric deserves attention.

More SHIB comes inThe inflow and outflow numbers add to the picture. Total inflow stands at 344.17 billion SHIB, up 2.36%. Total outflow is 268.47 billion SHIB, up 1.78%. Inflow is larger than outflow, so more coins are entering exchanges than leaving them. Netflow is about 72.56 billion SHIB, which confirms that coins are building up on trading platforms. The average inflow per transaction also spiked, which points to large holders moving coins, not just small traders.

SHIB/USDT Chart by TradingViewIn dollar terms, the exchange reserve is about $449.76 million, up 4.12% in a day. Part of that rise comes from the small price bounce, but it also shows that the pile of coins sitting on exchanges is not shrinking.

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The chart shows why this matters. SHIB fell from the $0.00000620 region in September to a low near $0.00000480 in October. Price now sits just beneath the 50-day and 100-day EMAs, around $0.00000525 to $0.00000535. The 200-day EMA is higher, near $0.00000560, and has been a ceiling for months. RSI is near 45, which suggests weak momentum with a small turn upward. Volume is low, so the current bounce does not have strong support yet.

Holders to decideWhat happens next depends on what holders do. If the coins on exchanges are sold, SHIB could lose $0.00000500 and fall back to the $0.00000480 low. A break beneath that level might open the way toward $0.00000450.

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If the coins are only parked and buyers step in, SHIB has room to move up. A daily close above $0.00000535 might put price back over the short-term averages. The next test would be $0.00000560, where the 200-day EMA sits. Only a clean move above that line could change the long-term trend.

For now, the signals lean cautious. Rising exchange reserves, larger inflows, and weak volume show that sellers still have the upper hand. Traders should watch the daily close around $0.00000500 on the downside and $0.00000535 on the upside.

Major altcoins XRP, Shiba Inu (SHIB), Solana (SOL), and Tron (TRX) continue to face pressure as they trade around critical support and resistance levels, with recent price action highlighting persistent negative momentum across the sector.

XRP hovers beneath major resistanceXRP is currently priced at $1.29 following a steady decline through October. After surging in August from the $1 mark to a high near $1.70, XRP experienced a failed push in September, stalling near $1.65 before entering a prolonged downtrend.

The token now sits below both the black 200-day moving average at $1.375 and the orange average at $1.335, which are providing significant resistance. Additional moving averages between $1.38 and $1.41 further reinforce a challenging recovery path for buyers.

Immediate support lies at the recent $1.25 low, where buyers intervened last week. If this level fails, downside targets include $1.15 and $1.07, a price range that previously acted as a floor during the summer months.

XRP faces stacked resistance from multiple moving averages, making any rapid recovery difficult. The $1.25 support level remains pivotal for its next move.

Trading volume has eased, with neither sellers nor buyers showing conviction. The Relative Strength Index (RSI) is near 40, indicating weak momentum but showing potential for a short-term rebound. Bulls are now eyeing a resurgence above $1.335 and then $1.375. A close above the 200-day average could mark the end of the decline, while a drop below $1.25 may sharpen losses.

CoinCurrent PriceMajor ResistanceMajor SupportXRP$1.29$1.335, $1.375$1.25SHIB$0.00000499$0.00000520, $0.00000545$0.00000480SOL$104.43$108, $109$98, $100TRX$0.3314$0.333, $0.334$0.3285Shiba Inu struggles at key supportShiba Inu is changing hands at $0.00000499, testing the round $0.000005 mark. The token fell from its September peak near $0.00000625, with every attempt at recovery halted by the black 200-day moving average at $0.00000560.

Since early October, SHIB has slipped under a cluster of downward-sloping moving averages, now found between $0.00000526 and $0.00000545. This cluster represents a firm resistance zone for any potential rally.

Support is established at $0.00000480, which recently prompted two rebounds. If breached, the next significant levels are $0.00000440 and then the July low at $0.00000405. SHIB’s momentum remains negative, reflected in the low volume and an RSI also near 40. A daily close below $0.00000480 would likely signal further downside.

Tron trades in a narrow rangeTRX is currently trading at $0.3314 after declining from its late May peak near $0.375. Since then, the token has oscillated between $0.32 and $0.35, pointing to a prolonged period of consolidation.

Both the orange and blue moving averages, positioned around $0.333 to $0.334, are serving as resistance. The price currently sits just below these lines, with shorter-term averages also capping upswings. The key support is the black 200-day moving average at $0.3285, a threshold that recently triggered buyer interest.

If $0.3285 breaks, TRX may retreat to $0.320 and then the June low at $0.315. The RSI, at about 45, suggests a neutral stance, while falling volume underscores the lack of decisive action by either side. TRX remains rangebound, awaiting a clear directional move.

Mini dictionary: Tron (TRX), a blockchain-based decentralized platform, focuses on enabling content sharing and applications through smart contracts. Founded by Justin Sun, Tron aims to build infrastructure for a truly decentralized internet.

Solana buyers defend critical levelsSolana is priced at $104.43, having quickly retreated from its recent high near $125. After rallying from around $75 in August to a September peak well above $110, bearish pressure has since dominated.

The recent drop pushed SOL below the green and blue moving averages at $109 and $106. These resistance levels have kept the price capped during multiple bounce attempts. The $100 area, reinforced by the orange moving average and the black 200-day average at $98, serves as immediate support. Last week, SOL’s dip to the $100 region drew buyers.

A close below $98 could start a move toward $92 and $88, while a rebound above $108 would suggest stronger buyer momentum. The overall trend remains up in the longer term, supported by rising moving averages, but the short-term outlook remains cautious as momentum indicators hover near oversold levels.

Solana trades near strong support at $98 to $100, following a sharp correction from September highs. Ongoing attempts to regain momentum have so far stalled below $108.

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Shiba Inu (SHIB) is trading at $0.00000495 and has dropped below the important $0.000005 mark. The loss of this round level has shifted the short-term mood toward sellers across all three timeframes.

Daily ChartOn the daily chart, SHIB failed to hold the move to $0.00000625 in late September. That high was rejected near the black 200-day moving average, which sits close to $0.00000560. Since then, the price has fallen through the orange, blue, and cyan averages, all of which now sit between $0.00000526 and $0.00000545. These lines have turned into resistance.

SHIB/USDT Chart by TradingViewThe recent low near $0.00000480 is the primary support, and a close beneath it might open the way to $0.00000440. The RSI is near 40, which is weak but not oversold. Volume has also dropped, so neither side shows strong conviction.

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4-Hour ChartThe 4-hour chart shows a clear downtrend. SHIB has been making lower highs since October 7, and every bounce has stopped below the moving averages. The black line near $0.00000536 and the orange line near $0.00000526 now slope down, which confirms the pressure.

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The short green average near $0.00000502 is the closest barrier. The price touched $0.00000480 on October 19 and bounced, but the bounce was weak. The RSI sits near 45, a neutral reading, so a short-term reversal is possible but not confirmed. For buyers, a 4-hour close back above $0.000005 would be the first positive sign.

Weekly ChartThe weekly chart offers the bigger picture, and it remains bearish. SHIB has been in a prolonged downtrend since early 2025, and all major averages point down. The black line is near $0.0000114, far above the current price.

In July, the token formed a bottom near $0.00000405, and it has moved sideways between $0.00000450 and $0.00000650 since then. This range is the key area to watch. The current weekly candle is red, and the price is again sliding toward the lower part of the range. The RSI is near 45, and weekly volume is very low, which indicates weak interest.

OutlookFor bulls, the primary aim is to reclaim $0.000005 and then $0.00000526. For bears, a break below $0.00000480 could trigger a retest of the July lows. Until SHIB climbs back above the closest averages, the trend remains down on every timeframe.

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Shiba Inu is buying and selling close to $0.00000503, and the on-chain data indicates that only a few holders are shifting tokens off exchanges. Only 538 withdrawal transactions were recorded in the latest reading. For a token with such a large community, this is a very small number.  

Shiba Inu outflows aren't what they seemWithdrawals are higher than deposits by count, which is a small positive sign. But the amounts matter more than the number of transactions. Exchange inflow stands at 247.06 billion SHIB, while outflow is 183.58 billion SHIB. 

SHIB/USDT Chart by TradingViewThis leaves a net inflow of 63.49 billion SHIB. In simple terms, more coins are coming into exchanges than leaving them. This is mostly a bearish signal, because tokens on exchanges can be sold quickly.

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The netflow did drop 5.42% in the last 24 hours, so the pressure is easing, but it has not yet turned positive for buyers. The exchange reserve is 87.11 trillion SHIB and grew by 0.07% in a day.

Barely any withdraweesA growing reserve means holders are not shifting their coins to private wallets. Long-term holders commonly withdraw tokens when they anticipate higher prices, and that is not happening right now.

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The chart indicates the same weak mood. SHIB dropped from the $0.00000600 region in early October and found support near $0.00000480. It has since produced a small green candle, but the move is weak. Volume is low, and the RSI sits near 40, which indicates sellers still have greater control.

The first resistance is the orange moving average near $0.00000526. Above it, the blue line sits near $0.00000534, and the black line near $0.00000560 is the main barrier. SHIB has to climb above these levels to show real strength. If buyers fail to defend $0.00000480, the price may slide toward $0.00000460.

For a stronger recovery, SHIB needs two things: more withdrawals from exchanges and higher volume on green days. Until then, the small number of buyers taking tokens off exchanges indicates that confidence is still low.

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Shiba Inu's daily burn rate has jumped 2,349%, but the real figure behind the surge remains surprising. Despite the sharp rise, the total value of Shiba Inu tokens burned during the reported period amounted to just about $5.

According to the Shibburn page, Shiba Inu burn activity rose 2,349% in the last 24 hours, with 1.10 million SHIB burned in the timeframe, amounting to just $5 in monetary terms. This highlights how a relatively small number of token burns can produce a striking percentage increase when activity in the preceding period is low.

The burn rate alone does not reveal how many tokens were destroyed. If there was little or no burning in the prior period, a small transaction can cause a large percentage increase.

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Here, the reported $5 of burned SHIB suggests that the growth is due to a large percentage change rather than a large drop in Shiba Inu's total supply.

The weekly burn rate was down 83.47% with 79.85 million SHIB burned in the last 7 days; meanwhile, the monthly burn rate was up 84.73% with 749.93 million SHIB burned in the last 30 days.

SHIB price actionAt the time of writing, Shiba Inu was up 2.33% in the last 24 hours to $0.000005, rebounding following a three-day drop towards the weekend.

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The crypto market fell in the past week as investors considered inflation concerns. Last week's strong inflation data from the Bureau of Labor Statistics showed wholesale prices rising 6.3% annually last month in the biggest jump since 2022 and consumer costs up 3.7% annually in September, beating estimates.

Weekend selling hit altcoins hard as fear from equities spilled into crypto, with most altcoins recording losses in one of the largest weekend drops since April. SHIB, for instance, is down 6.58% in the last seven days. Since the BTC low in June, buying on Friday and selling on Sunday has been profitable.

With the Federal Reserve's next interest rate decision due Oct. 28, traders are now pricing in a probability above 85% that the rate-setting Federal Open Market Committee will leave borrowing costs unchanged.

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Shiba Inu spot flows jumped more than 200% in the past hour, and the number looks big at first glance. The size of the money behind it is not. Net inflow in that hour was only approximately $35,000, on a coin with a market cap near $2.93 billion. A percentage change on a tiny base can look dramatic without moving the market.

Spot activity is barely thereThe same data shows how thin spot activity is. Spot volume over 24 hours is just $6.37 million, while futures volume is $21.99 million. Traders are using derivatives more than they are buying real coins. Open interest sits at $52.56 million, and 24-hour liquidations were small at $92,820, mainly longs. 

SHIB/USDT Chart by TradingViewSHIB trades near $0.00000499, down approximately 1.4% on the day and almost 8% on the week. On the chart, it fell from the $0.00000627 high in September and now sits beneath the 50, 100, and 200-day moving averages. They run from approximately $0.00000527 to $0.00000561 and act as a ceiling. 

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The RSI is near 37, which indicates weak momentum but not an oversold market. Trading volume has also dwindled since the August and September spikes.

Longer-term dynamic for SHIBSupport is near. SHIB bounced from $0.00000483 this week and from $0.00000474 in mid-September. 

A daily close below that zone could open the way toward $0.00000440, where buyers stepped in during August. On the upside, the first test is $0.00000527. A move above it would bring $0.00000550 into view, and a full reversal needs a close above the 200-day line near $0.00000561.

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Longer-term numbers show the damage. SHIB is down approximately 28% this year and almost 49% over twelve months, although it is up approximately 20% over 90 days. One positive signal is the OKX long-to-short ratio of 2.76, which indicates many traders still lean bullish.

So the spot flow spike is a small signal, not a reason to buy. Real demand would show up as steady net inflows and rising spot volume together with a close above $0.00000527. Until then, SHIB is more likely to stay in a tight range above $0.00000474.

Although exchanges still hold a massive supply of Shiba Inu (SHIB) following the intense sell pressure the market faced recently, the latest exchange activity shows that this supply has begun to shrink.

While recent market data shows that investors are increasingly moving tokens in and out of exchanges, the latest exchange activity shows that selling pressure is fading.

Shiba Inu to recover soon?Latest onchain data from a crypto analytics platform shows that the Shiba Inu exchange reserves are sitting at about 87.06 trillion SHIB, following a decline of 0.1% over the past 24 hours.

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While this shows that there are still substantial amounts of SHIB available for sale on exchanges, the decline shows that traders are buying amid renewed interest in the leading meme token.

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While the data further projected a negative exchange netflow of 33.94 billion SHIB, following a decline of 1.25% over the last day, market analysts have predicted that the overall reserve could fall to 86 trillion SHIB in the near future.

It is important to note that negative netflow means that more tokens left exchanges than entered them during the specified period, providing a bullish outlook for SHIB despite the slow price movement.

SHIB price outlook While the Shiba Inu exchange activity is beginning to appear promising after several weeks of extreme volatility and intense selling pressure, traders should note that declining exchange inflows and negative netflows do not automatically signal an imminent price increase.

However, they provide insights into the market behavior of SHIB traders, signalling increasing demand which could eventually garner bullish momentum for the asset.

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Coinbase has emerged among the top Shiba Inu (SHIB) burners for the month, with over 152.3 million SHIB  sent to dead addresses in the last 30 days, according to Shibburn.

Among the top burners in the last 30 days, Coinbase sits in the second spot, just below the '0xc774406cc' address, which sent 297,572,672 SHIB to dead wallets in just one transaction.

The SHIB tokens burned did not come in one lump sum but rather from various burn transactions that may have originated from Coinbase transactions and trading fees.

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152,307,330 SHIB burned in 9 transactions was attributed to Coinbase in the last 30 days, when a total of 758.92 million was burned, according to the Shibburn page. Tokens sent to recognized burn addresses, often called dead wallets, are generally considered permanently inaccessible, effectively removing those tokens from the circulating supply.

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Coinbase's emergence among the top monthly burners does not, by itself, establish that the exchange deliberately initiated a token-burning campaign, but rather from transactions and trading fees.

SHIB burn rate surges 100%Over 61 million SHIB tokens have been burned in the last 24 hours, causing an uptick in the daily burn rate. According to Shibburn, 61.46 million SHIB were sent to dead wallets in this timeframe, with the daily burn rate rising 100%.

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This marks a rebound from that seen earlier in the week when the burn rate flattened after a collapse on October 11. In line with this, the weekly burn rate was down 59.25% in the last seven days, with 163.52 million SHIB burned, while the monthly burn rate increased 79.30%.

At the time of writing, SHIB price was down 2.36% in the last 24 hours to $0.000005015 following a broader crypto market selloff as investors reacted to a week of strong inflation data, with Thursday's producer price index showing that wholesale prices jumped 6.3% annually in September, the biggest gain since 2022. This came after Wednesday's release of the consumer price index, which also rose.

Federal Reserve Chair Kevin Warsh declined to signal the central bank's intentions for its meeting later this month, with the odds of an October interest-rate increase dropping to about 15% from about 30%. 

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Shiba Inu is showing an extraordinary sign of strength. Exchange data shows a large amount of SHIB leaving trading platforms, and the price is holding up at $0.00000514, up 3.92% in 24 hours.

Is the pressure decreasing?Netflow, which is coins entering exchanges minus coins leaving them, reads negative 32.76 billion SHIB. A negative number means more tokens went out than came in. Holders usually move coins off exchanges to keep them in private wallets, so this often points to less selling pressure.

The reserve chart supports this. Total SHIB on exchanges fell sharply in the middle of the last seven days and has stayed low since. The reserve now sits at 87.09 trillion tokens and moved just 0.02% in 24 hours, so the drop has not reversed.

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Source: CryptoQuantNetwork use is growing too. Active addresses grew 1.01% to 165,200, and the chart shows a clean jump at the end. More people using the chain while coins leave exchanges is a better mix than outflows alone.

SHIB climbed from a low near $0.00000494 and now trades near the top of its daily range. Over four hours, it is flat, down 0.10%.

The bigger picture remains weak. SHIB is down 15.31% over 180 days, 25.50% this year and 50.19% over one year. The 90-day gain of 24.23% shows buyers are slowly coming back.

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Derivatives look calm. Liquidations were only $28,800 in 24 hours, and $26,230 of that was shorts. Bears got hurt more than bulls. On OKX, the long/short ratio is 2.79, so traders there lean long. Futures volume is small, with OKX at $9.01 million, LBank at $7.60 million and MEXC at $5.16 million. That means the move has little leverage behind it, which may be healthy but also means weak conviction.

Two things are really worth watching. First, whether netflow stays negative for days, because one big day may be one big wallet moving funds. Second, whether the reserve begins to rise, which could suggest holders are sending coins back to sell.

Where does the hope come from? Less supply on exchanges, more active wallets and a price that is holding its gains. If outflows continue, SHIB could attempt to move toward $0.0000052, the top of its recent range. A drop below $0.00000494 could cancel the hopeful view.

Right now, the data leans positive, but SHIB needs more volume and steady buying to turn a small bounce into a real recovery.

In BriefEthereum (ETH): ETH trades at $2,455 just below resistance near $2,490, with strong support around $2,310 and a daily close above $2,490 needed to open the way to $2,600.

Uniswap (UNI): UNI is stuck between $6.80 and $7.85 after a roughly 30% drop from its peak, and it needs a close above $7.85 to turn bullish.

Dogecoin (DOGE): DOGE trades at $0.0816 and is fighting to hold $0.0800, with resistance at $0.0860 and a close above $0.0925 needed to confirm a trend change.

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Shiba Inu (SHIB): SHIB trades at $0.00000514 below key resistance at $0.00000528, and holding the $0.00000500 level is critical to keep the pattern of higher lows alive.

Ethereum (ETH) Cools OffEthereum is cooling off after a strong September run, and it is now sitting at a key level. ETH trades at $2,455 after failing near $2,800 in late September. The price is just below the blue line at approximately $2,490, which has turned into resistance.

ETH/USDT Chart by TradingViewEarlier this week, ETH dipped to approximately $2,310 and bounced quickly. That area is where the orange line near $2,355 and the black 200-day line near $2,310 sit together, so buyers have a strong base there. Volume was high at the bounce, which shows real demand at that level. Sellers did not have enough strength to push the price lower, and the quick recovery shows that dip buyers are active.

The RSI is near 40, so momentum is soft but not extreme. There is room for a move in either direction.

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The first sign of strength would be a daily close above $2,490. That would put the blue line back below price and open the way to $2,600, where the green line and the recent lower highs sit. A move above $2,600 could bring the $2,700 area back into view.

The bearish case is also clear. A close below $2,310 could break the whole support zone at once, since the orange and black lines are stacked together there. In that case, ETH could slide toward $2,100, where it traded before the big August jump.

For now, ETH is in a pause. Support is strong, but resistance above is near, and the next couple of daily closes will show who has control.

Uniswap (UNI) Stuck in a Tight RangeUniswap has lost a lot of ground since its September peak, and now it is stuck in a tight range. UNI trades at $7.39, down from a high near $10.90. Over the last week, price has moved between $6.80 and $7.60 without a clear direction. It sits right at the blue line near $7.35, which has acted as both support and resistance in those sessions. The green line at approximately $7.85 is the next ceiling.

UNI/USDT Chart by TradingViewThe RSI is near 50, meaning neither buyers nor sellers are in control. After a drop of approximately 30% from the top, the market looks tired, and the small candles with long wicks show that traders are unsure.

The upside case begins with a close above $7.85. That would show buyers are taking back control and could open the way to $8.50, then the $9.00 area where UNI was rejected in early October. A full return to $10.00 would need a much stronger move and higher volume.

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The downside case needs attention too. Support under the range is far away. The orange line sits near $6.25 and the black 200-day line near $5.40. If UNI closes below $6.80, there may be little in the way until $6.25, so the move could be fast. A drop to that level could still keep the larger uptrend alive, since price would stay above both long-term lines.

UNI often follows ETH, so the Ethereum chart matters here too. If ETH holds its support, UNI has a good chance to stay in its range and try the upside. If ETH breaks down, UNI will likely fall faster. Until UNI leaves the $6.80 to $7.85 range, traders are waiting for a clear signal.

Dogecoin (DOGE) Fights to Hold $0.0800 Dogecoin is trading at $0.0816 after a rough start to October. The coin was rejected near $0.1060 in late September, and the black 200-day line around $0.0925 capped every attempt to push higher. Once that failed, DOGE slid below the orange, blue and green lines, and they all now sit above price as resistance.

DOGE/USDT Chart by TradingViewThe new dip reached about $0.0777 before buyers pulled price back above $0.0800. That day came with the highest volume in weeks, and the long lower wick shows that sellers ran out of energy for the moment. It is a good sign, but one candle does not change the trend. Today's candle is small, and price remains under every moving average.

The RSI is around 45, so momentum leans toward sellers without being oversold. There is room to fall before the market looks stretched.

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The first task for buyers is to defend $0.0800. This area held in mid-September and once more this week, so it is the bottom of the current range. A close below it would put the $0.0777 wick low in play, and under that, the $0.0750 area becomes the next stop.

For a recovery, DOGE needs to climb back above the orange line near $0.0860. That is the first real test, since the blue and green lines sit just above it at $0.0870 and $0.0875. These averages are packed close together, so they might act as one wall. Breaking through would take a strong-volume day. 

Until then, DOGE looks like a coin in a pause. Bounces keep getting sold under $0.0860, but dips keep getting bought near $0.0800, so the range holds.

Shiba Inu (SHIB) Wants $0.00000500 BackShiba Inu trades at $0.00000514 after a sharp drop earlier this month. The coin reached $0.00000627 in late September, then failed at the black 200-day line near $0.00000562. Since then, price has slipped below the green, blue and orange lines, and the structure looks weak.

SHIB/USDT Chart by TradingViewThe new dip went down to $0.00000483 before buyers stepped in. The long lower wick suggests that sellers could not keep control at that level, but the bounce has been small. Volume remains low compared with earlier rallies, which means few traders are putting money behind the recovery. The RSI is near 40, so momentum remains on the side of sellers.

The $0.00000500 level is the line to watch. SHIB has bounced from it several times, and it is the round number many traders use as support. If price closes below it, the next stop is the September low near $0.00000475, then $0.00000460. A break of these levels could put the August low near $0.00000435 back in view.

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On the upside, the orange line near $0.00000528 is the first hurdle. It sits only about 3% above price, so SHIB can reach it quickly, but it was support and has now turned into a ceiling. Above it, the blue and green lines near $0.00000538 and $0.00000545 are packed together and may be hard to clear without a strong-volume day. The black line at $0.00000562 is the final test for a trend change.

Still, the pattern of higher lows is alive. The August low was $0.00000435, the September low $0.00000475, and this week's low $0.00000483. Right now, SHIB is in a quiet zone. Small bounces are possible, but without more volume they are likely to vanish below the orange line, so buyers need to show up in size.

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

In a recent X post, long-time Shiba Inu community member Mazrael hinted that Shiba Inu's pseudonymous creator, Ryoshi, might be gone for good after disappearing in May 2022.

Just like Bitcoin's enigmatic creator Satoshi Nakamoto, who exited the scene in April 2011, Ryoshi deleted his iconic Medium posts and previous tweets in May 2022 and has never been heard from since.

Not from Ryoshi. The allhailtheshiba Medium was deleted May 30, 2022. A different account took the handle afterward confirmed by the change in Medium page user ID on Wayback Machine (70f3e7a9c807 → c8d086596085). Same username, different account. Post-deletion content isn't Ryoshi. And you know this.

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— Mazrael.shib (@Mazrael_shib) October 16, 2026 In response to an article that sought to explain the mystery of the Shiba Inu founder, Mazrael clarified that any content ascribed to Ryoshi after the deletion of his tweets and Medium posts may not be from him.

Key detail uncoveredSome in the crypto market claimed the Shiba Inu creator had returned and might have launched other tokens (meme coins), drawing comparisons to Ryoshi's inspiration and his X profile picture.

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Mazrael firmly stated that this is "not from Ryoshi" while sharing a key detail to support his claim. According to Mazrael, the 'allhailtheshiba' Medium attributed to Ryoshi was deleted on May 30, 2022. Shortly after, a different account took this handle, which is confirmed by the change in Medium page user ID on the Wayback Machine from 70f3e7a9c807 to c8d086596085.

"Same username, different account. Post-deletion content isn't Ryoshi," Mazrael wrote alongside a screenshot that showed the details of the deletion of the 'allhailtheshiba' page and a subsequent change in user ID.

The screenshot showed the page user ID as of May 30, 2021, when Ryoshi was active in the SHIB community, as '70f3e7a9c807.' Following the deletion of the page, a new user ID emerged as 'c8d086596085'.

"This is wrong—this message was posted on the Medium after Ryoshi deleted the 'allhailtheshiba' handle and someone else took the handle," Mazrael wrote, highlighting this fact without specifically stating the message and the post he was referring to.

"This is observable by anyone on Wayback Machine. The Medium page username is the same as they took the same handle, but the user ID is the proof in the page," Mazrael wrote. 

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Shiba Inu (SHIB) is trying to restart growth that should erase yet another zero from the coin's price and lift its market capitalization to $7 billion.

After a powerful surge in the third quarter (+39.3%), the token went into a correction. Its market capitalization is now holding at $3.05 billion, while the price has frozen around $0.00000516. The investors' plan to remove the zero has been put on pause, and now everything depends on one specific line on the chart.

For the zero-erasing scenario to come back to life, buyers need one clear signal: closing the current week above the 23-week moving average (the green line).

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Shiba Inu (SHIB) weekly market capitalization chart testing crucial support levels, Source: TradingViewThe price has now fallen below this level. Below it, the last line of defense is the round mark of $0.00000500, which keeps the market capitalization near the key $3 billion support. If large buyers step up their volumes and push the price above the green line by the weekly close, SHIB will return to growth. If the dip cannot be bought back, the coin risks sliding to the summer lows.

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The two scenarios everything is heading toward:

Optimistic: 798 whales muster their will, buy the price back above the green line, erase the zero, and drive the market capitalization to to outpace Dogecoin, to the envy of its chief fan Elon Musk.Realistic: The buyback chokes, SHIB goes down to test the summer bottom, and the million retail "shrimps" are left with nothing to do but tighten their belts and keep believing in deflation.Who is dragging the token to $7 billionThere is no panic inside the blockchain itself. On the contrary, large players are using the drop to accumulate coins. Over the past 24 hours, investors withdrew another 51 billion tokens from exchanges to their own wallets.

At the same time, the fate of this push toward $7 billion lies in the hands of a very narrow club. Blockchain statistics show that 94.6% of all SHIB coins are controlled by just 798 large wallets.

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As long as these holders (among them exactly 310 dollar millionaires) are not selling their coins, a supply shortage is building in the market. As soon as they push the price above the green line, it will become a signal for the mass retail market, which will then drive the remaining capital toward the target billions.

Shiba Inu (SHIB), a popular meme-based cryptocurrency, is aiming to regain bullish momentum after a recent correction. The project’s community hopes that an upward move would help eliminate another zero from the token’s price and increase the market capitalization to $7 billion.

Key resistance levels and technical outlookSHIB experienced a strong rally in the third quarter, gaining 39.3%. However, this upward trend has since reversed, with the price retreating to approximately $0.00000516. The coin’s market capitalization now sits at around $3.05 billion, and price action has stalled.

Analysts point to the 23-week moving average as a crucial resistance level. The token’s price has slipped below this benchmark, and the next notable support rests at the psychologically significant $0.00000500 mark. This level also serves as a key threshold for maintaining SHIB’s $3 billion market cap.

If buyers succeed in pushing SHIB above the 23-week moving average by the weekly close, it could signal renewed growth and set the stage for further gains. Conversely, failure to reclaim this level increases the risk of a decline toward the summer lows.

Whale influence and concentrated ownershipOwnership within the SHIB ecosystem remains highly concentrated. Current blockchain analytics reveal that 798 wallets control a striking 94.6% of the total circulating supply. This elite group includes 310 wallets each holding dollar millionaire status in SHIB.

These major holders play a decisive role in price dynamics. If large investors collectively support the price above critical levels, a shortage of available supply could trigger a broader market reaction.

On the retail side, around a million smaller investors continue to monitor whale activity, with many hoping bullish momentum will return if the price recovers key technical levels.

Mini dictionary: Whale, a market participant who holds a very large amount of a particular cryptocurrency, often able to influence prices due to the size of their transactions.

MetricCurrent ValueKey Level/Recent ChangeSHIB price$0.0000051623-week MA as resistanceMarket capitalization$3.05 billionTarget: $7 billionTokens withdrawn from exchanges (24h)51 billion SHIBN/AOwnership concentration94.6% held by 798 wallets310 wallets with $1 million+Large withdrawals and market sentimentDespite the price pullback, blockchain data shows that major players are withdrawing SHIB from exchanges and accumulating coins. Over the past 24 hours, investors have moved 51 billion SHIB into personal wallets, reflecting confidence among leading holders.

This ongoing accumulation suggests that, even amid volatility, significant holders remain optimistic about SHIB’s prospects. Market watchers note that until these whales decide to sell, the circulating supply is likely to stay tight, which could fuel future price surges if bullish triggers appear.

As soon as whales push the price above key resistance, retail investors may flood back in, driving SHIB’s market capitalization toward the $7 billion mark.

Rakuten Wallet Will Hand Out Physical Shiba Inu Coins

Shiba Inu (SHIB) slipped below a crucial support level during recent trading, as the token dropped through the 100-day Exponential Moving Average (EMA), a price marker that had consistently provided support over the past three months. Following a daily session that opened at $0.00000509 and reached a low of $0.00000483, SHIB is now positioned near $0.00000496.

Break of 100 EMA shifts trendThe 100 EMA, located at approximately $0.00000528, served as a resilient price floor since August. Buyers had successfully defended this line on multiple occasions—in late August, mid-September, and during the base of the rally that sent SHIB to $0.00000627. Early October saw the token close below the 100 EMA, prompting an attempt to recover, but each rebound stalled underneath this level. The zone that once acted as support now functions as resistance, highlighting a significant shift in market sentiment as sellers continue to dominate the trend.

While buyers previously defended the 100 EMA, recent failed attempts to reclaim it demonstrate that this level has now become a firm resistance, confirming the prevailing control of sellers.

Other moving averages, such as the 50 EMA and 20 EMA, provide little relief for bulls, with the 50 EMA positioned around $0.00000540 and the 20 EMA at $0.00000545. The 200 EMA sits even higher near $0.00000562, making a significant rally necessary just to reach these indicators.

Momentum and technical outlookTechnical signals reveal a cautious environment. The Relative Strength Index (RSI) currently rests at 36, suggesting sustained selling but stopping short of indicating immediate oversold conditions. Trading volume remains moderate, which underlines a steady rather than panicked decline. The absence of major support levels above implies that any attempt at recovery will likely face stiff resistance from previous floors now turned ceilings.

The area below the current price is characterized by sparse support zones. The first notable level lies at $0.00000483, the day’s low, followed by the September dip at $0.00000474. Should these fail, the next potential supports are the August bottom between $0.00000437 and $0.00000440, and the June-July lows in the $0.00000405 to $0.00000410 range. A drop into these zones could potentially undo all the recovery progress made in the last quarter.

Support LevelReference Date/Context$0.00000483Today’s session low$0.00000474September dip$0.00000437–$0.00000440August bottom$0.00000405–$0.00000410June-July lowsReversal efforts and resistance zonesSome technical indicators leave open the possibility of a short-term bounce, given the low RSI readings near current support. However, analysts remain cautious, noting that such a move would not indicate a full trend reversal but might instead be a temporary relief rally, especially without a marked increase in buying volume.

For bullish momentum to return, buyers must first reclaim the $0.00000500 level, and more importantly, achieve a daily close above the 100 EMA around $0.00000528. Until these thresholds are surpassed, upward moves are expected to encounter heavy selling pressure, and the broader trend remains in favor of sellers.

Shiba Inu is the second-largest meme coin project by market capitalization, known for its active community and volatile trading patterns.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

In a recent X post, Japanese crypto exchange Rakuten Wallet announced an upcoming SHIB coin giveaway, allowing holders to receive physical SHIB-themed coins at its investment seminar in Japan this November.

In a social media announcement addressed to SHIB holders, Rakuten said its Senior Analyst, Matsuda, would return in November to speak at a seminar hosted by Rakuten Securities. The event follows a similar appearance in October.

The seminar is scheduled for November 3, a public holiday in Japan, and Rakuten Wallet plans to operate a booth where attendees can participate in the SHIB giveaway.

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According to the announcement, the requirement is straightforward: participants must show Rakuten Wallet staff a screen displaying their SHIB holdings in the Rakuten Wallet application. The exchange said it would distribute the giveaway items to everyone who meets the requirement, without exceptions.

The "real SHIB coins" represent a physical metal souvenir coin previously launched earlier this year. In July 2026, Rakuten Wallet announced the creation of the first physical Shiba Inu (SHIB) coin of its kind, being the first to use sandblasting technology, known as a blast finish. The physical SHIB coin has no technical connection to the blockchain.

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As reported, Rakuten Wallet distributed 'Shib coins' at its Fukuoka event and said at the time that it would repeat the same at its seminars in Sapporo and Osaka this October.

Crypto exchange Rakuten Wallet continues to demonstrate support for Shiba Inu after adding the meme coin to its lineup in April.

SHIB price At the time of writing, SHIB was down 3.78% in the last 24 hours to $0.00000494 as the broader crypto market saw significant selling pressure, as Wednesday's inflation data revived concerns that the Federal Reserve could raise interest rates this month.

Data released Wednesday showed consumer prices rose 3.7% in the 12 months through September, up from 3.4% in August and above economists' expectations. Core CPI, which excludes food and energy, climbed 2.6%, accelerating from 2.4% the previous month.

Losses worsened early Thursday, with $972.26 million in futures positions liquidated over the past 24 hours, according to CoinGlass data, while Shiba Inu entered its fourth day of decline from October 12 to hit an intraday low of $0.000004811 at press time.

Shiba Inu is currently priced around $0.00000517, with market activity turning notably quiet. Recent trading volumes are much lower than the surges observed in late July, August, and September, signaling a lack of clear direction between buyers and sellers.

Key resistance and support levelsAfter peaking close to $0.00000627 in late September, SHIB failed to sustain gains above its long-term moving average, which sits near $0.00000563. It has since slipped beneath the blue and orange moving averages at approximately $0.00000541 and $0.00000529, respectively. Both now serve as resistance levels, limiting the potential for an immediate rebound.

The daily Relative Strength Index (RSI) is hovering around 40. This reading points to weak market momentum, although it does not suggest the token is currently oversold. As a result, a sharp bounce cannot be counted on at this stage.

The price recently dipped to roughly $0.00000502, prompting some buying activity. The $0.00000500 area stands out as key support. Should SHIB fall below this threshold, there is risk of a decline toward September’s low of around $0.00000475. Conversely, a recovery above $0.00000530 may indicate that sellers are beginning to lose their grip.

On-chain indicators mixedOn-chain data for Shiba Inu shows a mixed picture. Exchange reserves are estimated at 87.1 trillion SHIB, which marks a daily decrease of 0.11%. Netflow is negative at roughly 98.9 billion SHIB, meaning more tokens have left exchanges than entered. This dynamic typically suggests that holders are not in a hurry to offload their coins.

However, the details are not entirely favorable. Over the past seven days, the average amount of SHIB leaving exchanges has fallen by 42%, while the average inflow declined 14%. The reduced movement of coins in both directions aligns with the subdued trading volume visible on the charts.

Network activity has also shown limited change. The number of daily transactions remains close to 4,800 and transfers are near 3,700, with neither metric moving more than 1% for the day. The combined value of SHIB held on exchanges stands at approximately $447.7 million, down 0.69%. Meanwhile, the burned supply metric currently displays no available data, offering no clear indication of token burns providing support for price action.

Mini dictionary: Netflow refers to the difference between cryptocurrency tokens sent to and withdrawn from exchanges. A negative netflow indicates that more tokens are being withdrawn than deposited, which is often interpreted as investors moving assets to private wallets instead of preparing to sell on open markets.

Outlook remains uncertainAt present, SHIB continues to trade below resistance, with minimal trading activity hinting at indecision among participants. A decisive move, ideally accompanied by an increase in volume, will be necessary to clarify the token’s next direction.

For now, SHIB remains capped below resistance with low trading volumes and no momentum from either buyers or sellers. The possibility of a fresh retest of $0.00000500 cannot be ruled out until the market sees a strong shift in participation.

MetricCurrent ValueChangeTrading Price$0.00000517–Peak Price (Sept)$0.00000627–Support$0.00000500–Resistance (MAs)$0.00000541 / $0.00000529–Exchange Netflow-98.9 billion SHIBMore outflowsExchange SHIB Value$447.7 million-0.69%

Shiba Inu posted its first death cross signal of October on the 4-hour chart, after the 50-period moving average dropped below the 200-period moving average. This technical indicator is often interpreted by traders as a potential sign of continued weakness in the market.

SHIB price action and inflation impactThe latest bearish crossover coincides with a challenging period for Shiba Inu. The token recorded three consecutive days of declines, slipping below the $0.000005 mark. Similar death cross signals have materialized on shorter timeframes such as the hourly, 2-hour, and 3-hour charts since the start of October, highlighting persistent downward pressure.

Shiba Inu’s recent losses followed a broader risk-off move in crypto after consumer price index data came in higher than expected. The Bureau of Labor Statistics reported that consumer prices rose 0.6% for the month on a seasonally adjusted basis, raising the 12-month inflation rate to 3.7%. This number remains above the Federal Reserve’s 2% target.

Reacting to inflationary pressures, the Federal Reserve implemented its first interest rate hike in more than three years last September, raising the benchmark federal funds rate to a range of 3.75% to 4%. Market participants anticipate that the Fed may pause rate increases in October but expect an additional hike in December as policymakers attempt to curb persistent inflation.

Bearish outlook and support levelsAt the time of writing, Shiba Inu traded at $0.000005015, down 3.88% over the previous 24 hours and 6.66% over the last week. Consecutive price declines have pushed SHIB below its major moving averages, reinforcing a bearish technical structure in the short term.

Some traders see continued vulnerability if SHIB remains beneath key support areas, with the possibility of sellers driving the price further towards the $0.000004 region. However, analysts caution that technical signals such as a death cross should be weighed alongside other indicators. Factors such as trading volume, overall market sentiment, and buyers’ ability to defend support zones could all impact the token’s near-term direction.

A sustained rebound above $0.000005 and a push toward $0.000006 could reestablish positive momentum, depending on how buyers respond at current levels. Alternatively, the price may consolidate as recent bearish signals interact with earlier bullish momentum observed on the higher timeframe daily chart.

Consumer prices rose 0.6% for the month, with the 12-month inflation rate reaching 3.7%, according to the Bureau of Labor Statistics. This ongoing inflationary trend has placed additional pressure on risk assets such as $SHIB.

Market monitoring and toolsGiven the heightened volatility and impact of macroeconomic decisions or sudden altcoin listings, effective real-time tracking becomes crucial. In fast-moving environments where a single Fed announcement or exchange listing can quickly alter market dynamics, traders increasingly turn to consolidated, privacy-first tools like CryptoAppsy. These platforms allow investors to view real-time charts, set smart price alerts, access coin-specific news, and monitor key macro data, all without account signups and across a single unified dashboard.