TL;DR
- Shiba Inu reached a new all-time high of $0.00571 in March 2026.
- The token currently trades 99.9% below its peak from earlier this year.
- More than 157 billion SHIB moved to exchanges in one day.
Market data shows a different situation for Shiba Inu than many investors remembered from previous cycles. SHIB reached a new all-time high on March 5, 2026, when its price hit $0.00571, according to CoinGlass records. This figure contrasts with the $0.00008845 peak from October 2021 that previously served as the reference point.
The current SHIB price hovers around $0.0000054. This represents a 99.9% drop from its March 2026 peak. Market capitalization stands at $7.29 billion, placing the token at number 20 in the global cryptocurrency rankings.
SHIB movements toward exchange platforms have increased in recent days
Over a 24-hour period, more than 157 billion SHIB entered exchanges, suggesting many holders are placing their tokens for sale. This type of transfer often precedes periods of higher market supply.
Open interest in SHIB futures reached $62.98 million, with a 9.39% increase over the last 24 hours. This indicates market participants are taking positions, though the direction of those bets is not uniform.
On-chain data reveals that 61% of Shiba Inu holders are currently at a loss. Only 36% of addresses maintain gains on their positions, while 4% sit at break-even levels.
SHIB price moves within a descending channel that began in May 2025
The support zone sits between $0.00000500 and $0.00000535. If the price breaks through that level, the next supports would be at $0.00000450 and $0.00000400.
For a trend change to occur, the token would need to surpass the 20-day moving average at $0.00000576. Above that level, the next major resistance stands at $0.00000627, where the Supertrend indicator is located.
On-chain data shows a significant barrier between $0.000014 and $0.000019. In that range, 550.28 trillion SHIB are held by 170,350 addresses. Breaking through that zone would require buying volume far above current levels.
Token Burns Slow Down
The burn mechanism, which sends tokens to unusable addresses to reduce circulating supply, has lost momentum. Over the last 24 hours, the burn rate fell 51.14%, with barely 2.72 million SHIB removed from circulation.
Since the token’s launch, 410.75 trillion SHIB have been burned from the original total supply of 999.98 trillion. Current circulating supply stands at 585.47 trillion tokens .
On March 5, 2026, Shiba Inu’s market capitalization reached $3.335 billion during its all-time high . For context, Dogecoin, the leading dog-themed cryptocurrency, maintains a market cap above $20 billion.
The Shiba Inu team continues adding functionalities to the ecosystem
On March 7, ShibClaw was announced, a tool that allows artificial intelligence agents to interact with the Shibarium network. This application is part of the OpenClaw suite and seeks to automate technical tasks within the blockchain.
Shibarium, the Ethereum layer-2 developed by the Shiba Inu team, has processed more than 1.5 billion transactions since its launch and has 294,000 active accounts . Total value locked in the network has increased 137% to reach $1.86 million.
Net spot inflows for SHIB showed a 658% increase in recent hours, with $252 million in inflows and $225 million in outflows, leaving a positive balance of $26.89 million. Exchange outflows reached 275 billion SHIB, suggesting holders are moving tokens to private wallets.
Prediction platforms offer different timeframes for a possible return to 2021 prices
Telegaon projects that SHIB could return to $0.00008845 in 2029. Changelly estimates that would occur around October 2031. An analyst using the pseudonym Daffy Trader maintains a closer projection and estimates that Shiba Inu could surpass previous highs this year and reach $0.00009.
Historical data shows that Shiba Inu had a negative annual return of 68.15% in 2025, after a 2024 with gains of 98.48%. So far in 2026, the token has accumulated a drop of 20.86%.
