Today's Shiba Inu (SHIB) Price
Shiba Inu's current price is $0.00001132 USD**, with a 24-hour trading volume of **$99.28 million. Over the past day, SHIB has shown 0.00% price change. The circulating supply stands at 589.25 trillion SHIB, and the max supply is capped at 589.55 trillion SHIB.
What Is Shiba Inu (SHIB)?
SHIB is a decentralized experiment built by the Shiba Inu community. Unlike Bitcoin’s scarcity-driven design, SHIB was created with abundance in mind—its total supply reaches one quadrillion tokens. Users commonly hold billions or even trillions of SHIB.
Key Features:
- Community-driven: No central authority.
- High supply: Encourages micro-transactions and broad distribution.
- Ethereum-based: Compatible with ETH wallets and DeFi apps.
Brief History of Shiba Inu
Initially launched as a meme coin, SHIB evolved into a decentralized ecosystem. During its initial distribution:
- 50% of supply was sent to Vitalik Buterin’s Ethereum wallet.
- Price surge: From an all-time low of $0.000000000056**, SHIB skyrocketed **150,000x** to its peak of **$0.000084.
Vitalik’s Impact:
- Donated 10% ($1B worth) to India’s COVID relief efforts.
- Burned 40%, reducing supply permanently.
How Does Shiba Inu Work?
The Shiba Inu ecosystem includes:
ShibaSwap: A decentralized exchange (DEX) featuring:
- LEASH: A rare token for rewards.
- BONE: Governance token for Doggy DAO voting.
- Ethereum compatibility: Integrates with ETH wallets, DEXs, and DeFi platforms.
👉 Explore Ethereum-based DeFi apps
Use Cases for SHIB
- DeFi trading via ShibaSwap.
- NFT projects (art incubators).
- Community governance through DoggyDAO.
Frequently Asked Questions (FAQs)
How to Buy Shiba Inu (SHIB)?
Purchase SHIB on major exchanges like Crypto.com or Binance using USD, BTC, or ETH.
How Is SHIB Mined?
SHIB isn’t mined—it’s pre-mined with fixed supply.
What’s SHIB’s Total Supply?
Max supply: 589.55 trillion (circulating: ~589.25 trillion).
👉 Store SHIB in secure wallets
Where Can I Buy SHIB?
Available on Crypto.com, Binance, OKX, and other exchanges.
Best Wallets for SHIB?
- Hardware wallets (Ledger, Trezor).
- Software wallets (MetaMask, Trust Wallet).
Key Takeaways
- SHIB thrives as a community-driven token with utility in DeFi and NFTs.
- Price volatility mirrors its meme-coin origins, but ecosystem growth adds stability.
- Always research and diversify when investing in crypto.