SHIB price history shows explosive growth from launch in 2020 to an all-time high of approximately $0.00008845 on October 28, 2021, driven by meme coin hype, listings, and community momentum. As ofSHIB price history shows explosive growth from launch in 2020 to an all-time high of approximately $0.00008845 on October 28, 2021, driven by meme coin hype, listings, and community momentum. As of

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SHIB Price History: Analysis, All-Time High & Price Factors

Author: MEXC

Beginner

Jan 29, 2026MEXC

SHIB$0.000007261-6.34%

SHIB price history shows explosive growth from launch in 2020 to an all-time high of approximately $0.00008845 on October 28, 2021, driven by meme coin hype, listings, and community momentum. As of January 2026, SHIB trades around $0.0000078–$0.000008, down ~91% from ATH, influenced by token burns, Shibarium adoption, broader crypto market cycles, and ecosystem developments.

TL;DR

SHIB Price History Overview: Launched in August 2020 at near-zero; massive 2021 bull run to ATH ~$0.000088 in late October; post-2021 corrections with periodic recoveries tied to ecosystem milestones.
All-Time High (ATH): ~$0.00008845 on October 27–28, 2021 (some trackers list $0.00008616); represents peak meme frenzy.
Current Price (Jan 2026): Around $0.0000078–$0.000008, with recent minor fluctuations (e.g., +0.15% in 24h).
Why is SHIB going up (or down)? Price driven by burns reducing supply, Shibarium utility growth, broader market sentiment (e.g., BTC cycles), community/whale activity, and hype/news. Recent 2026 movements often stem from volume spikes, RSI signals, or ecosystem updates.
Intermediate Analysis Logic: Combine historical patterns (e.g., bull cycles), on-chain metrics (burns, holders), technical indicators (RSI, support/resistance), and fundamentals (ecosystem progress) for informed views.

Introduction

Shiba Inu (SHIB) exemplifies the volatility seen in meme coins: from a near-zero launch to explosive growth and an all-time high (ATH) in 2021, followed by multi-year consolidation. Understanding SHIB price history and its influencing factors helps intermediate traders identify patterns, assess risks, and identify potential catalysts like burns, Shibarium upgrades, or market cycles.

This guide breaks down the key historical phases of SHIB’s price, explains the ATH context, examines current dynamics (as of January 2026), and provides logical reasoning for why SHIB is going up in various scenarios. Always verify live data from reliable sources to stay updated.

SHIB Price History – Key Phases

The price of SHIB has followed a pattern similar to many altcoins, especially meme-driven ones. Here's a look at key phases:

Launch (Aug 2020)

SHIB began trading at an extremely low value of $0.000000000056 (near-zero). With an initial supply of 1 quadrillion tokens, SHIB had little to no price action initially.

Explore: Shiba Inu (SHIB) Price History Data

Early Growth (2020–2021)

As the meme coin gained traction via community hype, social media campaigns, and listings on major exchanges like MEXC, SHIB's price gradually rose. This increase was slow but steady, with the token being recognized by early crypto adopters as a Dogecoin alternative.

Peak Bull Run (2021)

The ATH of SHIB came on October 27–28, 2021, when the price surged to about $0.00008845—an increase of more than 1,500,000x from the lows of 2020. This spike was fueled by several factors:

Retail FOMO: Fear of missing out on the “next Dogecoin”.
Listings on Major Exchanges: Accessibility through major platforms like Binance and Coinbase boosted visibility.
Celebrity Mentions: Endorsements from figures like Elon Musk played a huge role in driving the hype.

Also read: Dogecoin Price History: Key Cycles, Market Drivers, and Lessons from 2013–2025

Post-ATH Corrections (2022–2024)

Following the 2021 bull run, SHIB experienced a sharp correction as the broader crypto market entered a bear phase. In the aftermath, SHIB lost more than 90% of its value, with price movement remaining largely stagnant until mid-2022. Recoveries were seen only during key events like ShibaSwap launch and token burns.

2025–2026 Cycle

In 2026, SHIB is trading between $0.0000078 and $0.000008, with recent minor fluctuations. Price movements now seem to be influenced by factors such as Shiba Inu’s ecosystem maturation, Shibarium Layer-2 adoption, and community participation.

Historical data shows that SHIB thrives in risk-on environments (i.e., bull markets) but struggles in downturns, largely due to its speculative nature.

Chart illustrating SHIB price history from its 2020 launch through 2026, highlighting the ATH spike and subsequent consolidation phases.

SHIB All-Time High (ATH) Explained

SHIB’s ATH occurred around October 28, 2021, when its price peaked at $0.00008845 (some sources list the exact value as $0.00008616).

What Drove the ATH?

The ATH was driven by a combination of factors:

Massive Retail Influx: The 2021 bull market saw widespread retail adoption of meme coins.
Listings on Major Exchanges: SHIB was listed on several major exchanges, significantly increasing liquidity and exposure.
Community Hype: The Shiba Inu community, known as the “SHIB Army”, created a viral presence on social media platforms, driving more attention to the token.
Broader Altcoin Euphoria: The Dogecoin frenzy spilled over into other meme coins, with SHIB gaining attention as the next big meme coin.

Despite its 2021 surge, SHIB has since corrected by over 90%, with its price hovering around $0.000008 in 2026. Reaching ATH again would require substantial ecosystem development and increased utility.

Current SHIB Price (January 2026) & Recent Trends

As of January 2026, SHIB is trading between $0.0000078 and $0.000008, with 24-hour changes being relatively minor (e.g., +0.15% or flat).

Recent price movements indicate volatility driven by volume spikes, improvements in Relative Strength Index (RSI), and updates to the Shiba Inu ecosystem—especially with the continued maturation of Shibarium.

Though there has been no major parabolic move yet in 2026, increased trading activity and positive RSI signals hint at potential price rebounds if broader market conditions align.

Key Factors Influencing SHIB Price – Why Is SHIB Going Up?

Understanding why SHIB price rises or falls requires a holistic approach, combining supply/demand mechanics, on-chain activity, and macro market elements:

Token Burns & Deflation

SHIB has a massive supply (initially 1 quadrillion tokens), and reducing this supply through token burns is a critical driver of its price. When large portions of SHIB are burned, it creates scarcity, which puts upward pressure on the price. SHIB burn events, such as those triggered by community efforts or automated ShibaSwap burns, can drive short-term price spikes.

Learn: Tokenomics: The SHIB Burn Mechanism Explained

Ecosystem Growth (Shibarium)

As Shiba Inu transitions into a more functional ecosystem, Shibarium plays a key role. The Layer-2 scaling solution allows faster, cheaper transactions, driving Shiba Inu adoption for DeFi, NFTs, and gaming. As Shibarium adoption increases, more SHIB tokens will be burned in the process, which can lead to price appreciation.

Broader Crypto Market Sentiment

SHIB is affected by overall market sentiment. During bull cycles (like in 2021), SHIB’s price surges alongside Bitcoin, Ethereum, and other altcoins. Conversely, during bear markets, SHIB often experiences significant price declines, especially due to its speculative nature.

Whale and Community Activity

Whale activity—large trades or burns—can cause significant price movement. Additionally, community hype, social media trends, and celebrity endorsements contribute to short-term price fluctuations.

Technical Indicators

RSI, support/resistance levels, and volume spikes often serve as indicators for price movement. Traders rely on technical analysis (TA) to identify overbought/oversold conditions, resistance zones, and potential breakout points.

Intermediate Analysis Tips

For intermediate traders, it’s essential to blend multiple analysis techniques to understand SHIB price movements:

Track On-Chain Data: Monitor burn trackers, holder count, and Shibarium metrics to assess supply changes and ecosystem growth.
Use Technical Analysis: Look for support around $0.000007 and resistance near $0.00001. Watch for RSI trends (overbought/oversold) and volume surges.
Monitor News: Stay updated with official Shiba Inu channels for any announcements on burn events, Shibarium updates, or ecosystem developments.
Risk Management: Be mindful of volatility and market cycles. Use proper position sizing and avoid FOMO (fear of missing out).

Conclusion

SHIB price history showcases a typical meme coin trajectory — rapid rise, deep correction, and ongoing rebuilding through ecosystem development. Factors driving SHIB’s price include supply reduction, Shibarium utility, and market sentiment. For intermediate traders, combining historical context, on-chain data, and technical indicators can help predict price movements. Always stay updated and DYOR (Do Your Own Research) before making decisions.

Disclaimer

This article is for educational purposes only and does not constitute financial advice. Cryptocurrency prices are volatile and can fluctuate dramatically. Always perform your own research and consult with a financial advisor before making any investment decisions. Never invest more than you can afford to lose. Data provided is approximate as of January 2026.

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