Shiba Inu, created in 2020 by an anonymous developer, has lost over 90% of its 2021 peak and traded at $0.000005 per token as of Oct. 24. The article argues $1 is out of reach because demand is weak, with only 1,242 businesses accepting it according to Cryptwerk, while supply is huge, with 589.2 trillion tokens in circulation and a market cap of $2.9 billion. At $1 per token, the market cap would be $589.2 trillion, so token burns would need to be enormous: at September's pace of 137.5 million tokens burned, it would take 357,090 years. Burning also creates no net value, since every holder would have to sacrifice 99.99998% of their tokens, leaving their net financial position unchanged, and the author concludes Shiba Inu certainly won't reach $1 in 2027.
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Related tickers and likely impact
SHIB/USDT
• NeutralShiba Inu
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Meme |
| Market cap | $2.9B |
| Close on 10/26/2026 | 0.00000 |
| Change that session | +0.82% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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