Price Chart

Chart by TradingView

24h Volume$53.84M
7d Avg Daily$87.18M
30d Avg Daily$87.86M
365d Total$60.52B
Volume
$85.0Mavg/day
avg $85.0MMay 19May 26Jun 2Jun 9Jun 16

What is Shiba Inu?

Shiba Inu is an Ethereum-based ERC-20 token launched anonymously in August 2020 under the pseudonym Ryoshi, initially positioned as a meme coin rival to Dogecoin and self-described as a Dogecoin killer. The project has since expanded into a broader ecosystem including the ShibaSwap decentralized exchange, the BONE governance token, the LEASH token, and an Ethereum L2 named Shibarium. SHIB has a total supply of one quadrillion tokens, half of which were sent to Vitalik Buterin, who burned approximately 41% of the total supply to a dead wallet in May 2021.

Shiba Inu's technical infrastructure is standard ERC-20 — it carries no novel consensus mechanism, native VM, or cryptographic innovation. Its value proposition has been community-driven, with an unusually large and active retail holder base. ShibaSwap is an Automated Market Maker (AMM) modeled after Uniswap v2, where SHIB holders can provide liquidity or stake SHIB to earn BONE rewards. Shibarium is an Ethereum L2 using Polygon's PoS sidechain technology with BONE as the gas token; it is intended to reduce SHIB transaction costs and enable lower-cost gaming and metaverse applications for the ecosystem. The Shiba Inu team has also announced Shib: The Metaverse, a virtual land project.

The most significant and durable risks of SHIB are its token supply and speculative volatility. Even after Buterin's burn, the circulating supply remains in the hundreds of trillions, meaning price movements are driven almost entirely by sentiment and retail inflows rather than fundamental utility metrics. SHIB has historically moved in near-perfect correlation with Dogecoin during meme-coin cycles, suggesting limited independent value drivers. Shibarium's launch in August 2023 was disrupted by bridge congestion that temporarily halted the chain, and TVL on ShibaSwap has remained a small fraction of major DeFi platforms. The anonymous founding team and lack of a traditional corporate entity make governance accountability structurally different from projects with identifiable foundations.

Reviewed by the 2Bitcoins Editorial Team · Updated . Not financial advice.

Shiba Inu FAQ

Why did Vitalik Buterin receive 50% of the SHIB supply?+

Ryoshi sent half the total SHIB supply to Vitalik Buterin's public Ethereum address as a marketing stunt based on the premise that giving tokens to a known, trusted figure was better than a rug-pull-prone team holding them. In May 2021, Buterin donated approximately $1 billion in SHIB to a COVID-19 relief fund in India and burned the remaining ~90% of his share (about 41% of all SHIB) to a dead wallet, permanently removing it from circulation.

What is the difference between SHIB, BONE, and LEASH?+

SHIB is the primary meme token and the ecosystem's largest by market cap. BONE is the governance token of ShibaSwap and the gas token on Shibarium L2. LEASH was originally designed as a rebasing token pegged to Dogecoin but abandoned that mechanism early; it now functions as a scarce (only 107,647 total supply) store-of-value token within the ecosystem with limited utility beyond staking on ShibaSwap.

What is Shibarium?+

Shibarium is an Ethereum Layer 2 network built for the Shiba Inu ecosystem. It uses a proof-of-stake sidechain architecture where BONE is paid as gas, with periodic checkpoints committed back to Ethereum mainnet for security. The intent is to make SHIB-ecosystem transactions cheaper and faster, enabling games, NFTs, and metaverse applications that would be cost-prohibitive on Ethereum mainnet.

Shiba Inu key numbers

Price (USD)$0.000005
Market cap$2.91B
24h low / high$0.000005 → $0.000005
24h change 2.00%
7d change 6.57%
Circulating supply589243.19B SHIB

Where to buy Shiba Inu

View all exchanges →

Buy SHIB on these trusted exchanges. Ranked by our rating — based on fees, security, features, and user experience.

#1
Binance
BinancePoR
4.7
$600 bonus
World's largest exchange by volume
Lowest fees with BNB discount
400+ trading pairs
Maker 0.1%|Taker 0.1%|400+ coins
#2
Bybit
BybitPoR
4.3
Up to $30,000 bonus
Market-leading derivatives and perpetual contracts
Competitive 0.1% spot and futures fees
Best-in-class copy trading platform
Maker 0.1%|Taker 0.1%|270+ coins
#3
OKX
OKXPoR
4.4
Free Mystery Gift
Competitive fees with maker at 0.08%
One of the deepest order books in the industry
Native Web3 wallet built into the app
Maker 0.08%|Taker 0.1%|340+ coins
#4
Coinbase
Coinbase
4.4
Get 40£
NASDAQ-listed, publicly regulated company
Best-in-class regulatory compliance
Simple and intuitive user interface
Maker 0.6%|Taker 1.2%|240+ coins
#5
Kraken
KrakenPoR
4.5
$10 + bonus
One of the oldest and most trusted exchanges
No breach with loss of customer funds in 15 years
Strong regulatory compliance across multiple jurisdictions
Maker 0.25%|Taker 0.4%|220+ coins
#6
KuCoin
KuCoinPoR
4.1
Up to $11,000 bonus
Massive selection of 850+ cryptocurrencies
Supports many small-cap and new tokens early
Built-in trading bot and DCA tools
Maker 0.1%|Taker 0.1%|850+ coins
#7
MEXC
MEXCPoR
3.9
$10,000 bonus
0% maker fee — among lowest in industry
1,500+ listed cryptocurrencies
Very early listings of new tokens
Maker Free|Taker 0.05%|1500+ coins
#8
Bitget
BitgetPoR
4.1
$6,200 bonus
Industry-leading copy trading with 100,000+ signal providers
Competitive spot and derivatives fees
Strong $200M protection fund for user assets
Maker 0.1%|Taker 0.1%|550+ coins
#9
BingX
BingXPoR
3.7
$6,000 bonus
One of the strongest copy trading platforms in the industry
Competitive 0.1% spot fees and low futures rates
700+ cryptocurrencies with frequent new listings
Maker 0.1%|Taker 0.1%|700+ coins

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Shiba Inu Markets

#ExchangePairPriceVolume (24h)Trust
1OKX logoOKXSHIB/USDT$0.000005$965.74K
2Bybit logoBybitSHIB/USDT$0.000005$1.20M
3KuCoin logoKuCoinSHIB/USDT$0.000005$2.90M
4DigiFinex logoDigiFinexSHIB/USDT$0.000005$697.98K
5MEXC logoMEXCSHIB/USDT$0.000005$593.00K
6Bitget logoBitgetSHIB/USDT$0.000005$262.05K
7Kraken logoKrakenSHIB/USD$0.000005$179.95K
8Gate logoGateSHIB/USDT$0.000005$230.60K
9Binance logoBinanceSHIB/USDT$0.000005$2.05M
10Biconomy.com logoBiconomy.comSHIB/USDT$0.000005$1.23M
11CoinW logoCoinWSHIB/USDT$0.000005$1.01M
12Crypto.com Exchange logoCrypto.com ExchangeSHIB/USD$0.000005$151.93K
13BitMart logoBitMartSHIB/USDT$0.000005$5.18M
14Coinbase Exchange logoCoinbase ExchangeSHIB/USD$0.000005$654.43K
15Coinstore logoCoinstoreSHIB/USDT$0.000005$205.80K
16GroveX logoGroveXSHIB/USDT$0.000005$29.08M
17Zoomex logoZoomexSHIB/USDT$0.000005$355.75K
18Gemini logoGeminiSHIB/USD$0.000005$32.40K
19Bitvavo logoBitvavoSHIB/EUR$0.000005$472.87K
20Niza.io logoNiza.ioSHIB/USD$0.000005$44.99K