Shiba Inu faces supply barrier for $1 price target
Shiba Inu (SHIB)
Editor:
Eugene Serbin
finance.yahoo.com reports that Shiba Inu (SHIB) surged 45,278,000% in 2021 but has since declined 93% from its peak to trade at $0.00005. The token lacks organic demand, with only 1,226 businesses accepting it for payments, and has not set a new high in over five years. A major barrier to reaching $1 is its enormous supply of 589.2 trillion tokens in circulation.
At current prices, this creates a market capitalization of $3.1 billion, meaning a $1 price would require a market cap of $589.2 trillion. This figure exceeds the combined value of the S&P 500 ($69.5 trillion) and the entire U.S. economy ($30.7 trillion). To reach $1, the community must burn tokens, theoretically leaving just 3.1 billion tokens remaining.
Burning 99.99998% of supply would align the price with the current market cap. However, at the current burn rate of 4.8 billion tokens annually, it would take 122,750 years to achieve this. The report notes that burning does not create value, leaving investors with fewer tokens but unchanged net financial positions. Ultimately, analysts suggest investors are worse off due to inflation over that timeframe.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 22 September 2026. Not the outlet's figures.
Whalio spot data shows SHIB trading at $0.000006050 with a 24-hour buy ratio of 52.7%, indicating a slight majority of buyers. This contrasts with the 1-hour buy ratio of 32.8% and the 4-hour ratio of 40.7%, suggesting that buying pressure is building over the longer timeframe. The 24-hour volume delta is positive at +$792,640, while the 1-hour and 4-hour deltas are negative at -$335,835 and -$458,542 respectively. This divergence implies that recent short-term selling has been outweighed by sustained buying over the day. The Cumulative Volume Delta (CVD) for the 24-hour close stands at +$932,902, confirming net buying activity. Spot volume for the period reached $14,391,362 across 93,881 trades.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.1%, making the current 24-hour ratio of 52.7% an unusual increase of 3.6 percentage points. Trading activity was also elevated, with 24-hour volume reaching 2.90 times the weekly average. The price rose 15.5% over the eight-day period, supported by a total volume delta of +$248,463. This represents a day of net buying within a week that saw only three days of net buying out of seven. The coin is experiencing a period of heightened relative activity compared to its recent baseline.