Shiba Inu (SHIB) has captured significant attention within the cryptocurrency market, often being referred to as a prominent meme coin. This guide provides a detailed look at its price performance, market data, and essential information for investors tracking its value in Indian Rupees (INR).
Current Shiba Inu Price Overview
As of July 2, 2025, the live Shiba Inu price in India is ₹0.000982. This reflects a positive change of +2.45% over the last 24 hours, indicating a notable uptick in market activity.
Key metrics to consider include:
- Market Capitalization: ₹579.9 Billion
- 24-Hour Trading Volume: ₹7.6 Billion
- Circulating Supply: 5.92 SHIB
- Total Supply: 589.5 Trillion
Detailed Historical Price Data
Tracking historical trends is crucial for understanding market sentiment and potential future movements. The table below outlines Shiba Inu's recent performance in INR.
| Date | Open | High | Low | Close | Volume | Change (%) |
|---|---|---|---|---|---|---|
| 01-Jul-2025 | ₹0.000982 | ₹0.000991 | ₹0.000956 | ₹0.000957 | ₹9.3B | -2.57% |
| 30-Jun-2025 | ₹0.000985 | ₹0.001020 | ₹0.000968 | ₹0.000985 | ₹11.3B | +0.01% |
| 29-Jun-2025 | ₹0.000981 | ₹0.000997 | ₹0.000980 | ₹0.000985 | ₹6.0B | +0.35% |
| 28-Jun-2025 | ₹0.000950 | ₹0.000982 | ₹0.000948 | ₹0.000980 | ₹6.6B | +3.24% |
| 27-Jun-2025 | ₹0.000962 | ₹0.000974 | ₹0.000950 | ₹0.000950 | ₹8.6B | -1.28% |
This data reveals periods of both growth and consolidation, highlighting the asset's volatile nature.
Shiba Inu Prices Across Major Exchanges
The price of SHIB can vary slightly depending on the trading platform. Here’s a snapshot of its value on several popular exchanges.
| Exchange | Price (INR) | Change (24h) | Volume (24h) |
|---|---|---|---|
| Coinbase | ₹0.000982 | +2.45% | ₹7.6B |
| CoinMarketCap | ₹0.000983 | +2.60% | ₹7.6B |
| CoinSwitch | ₹0.001024 | +2.30% | ₹9.3B |
| Giottus | ₹0.001040 | +4.00% | ₹7,548.75M |
It is always advisable to compare rates across different platforms before executing a trade. 👉 Compare real-time exchange rates
Understanding the Shiba Inu Cryptocurrency
Shiba Inu (SHIB) was launched in August 2020 by an anonymous developer or group known as "Ryoshi." It entered the market as a decentralized meme token, often touted as an alternative to Dogecoin (DOGE). Unlike many cryptocurrencies, SHIB was intentionally created with a massive total supply of one quadrillion tokens.
Its ecosystem has expanded beyond just a currency, now including a decentralized exchange called ShibaSwap and plans for an NFT-related game. This development has helped it transition from a pure meme coin to a project with a more defined utility, though its price remains heavily influenced by social media trends and broader crypto market sentiment.
Key Factors Influencing SHIB's Price
The value of Shiba Inu is driven by a complex mix of factors:
- Market Sentiment: As a meme coin, SHIB is highly sensitive to social media hype, endorsements from high-profile individuals, and general trends in the crypto community.
- Broader Crypto Market: Bitcoin and Ethereum's performance often set the tone for the entire market, impacting altcoins like SHIB.
- Project Developments: Updates to the ShibaSwap platform, new token burns, or announcements regarding upcoming projects can cause price fluctuations.
- Exchange Listings: Being added to a major exchange typically increases accessibility and trading volume, potentially driving the price up.
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Frequently Asked Questions
What is Shiba Inu (SHIB)?
Shiba Inu is a decentralized cryptocurrency created in 2020. It started as a meme-inspired token but has since developed its own ecosystem, including a decentralized finance (DeFi) platform. It is known for its massive supply and vibrant online community.
How can I buy Shiba Inu in India?
You can purchase SHIB on several cryptocurrency exchanges that operate in India. The process typically involves creating an account, completing a verification process, depositing Indian Rupees, and then executing a buy order for SHIB.
Is Shiba Inu a good investment?
Like all cryptocurrencies, especially meme coins, Shiba Inu is considered a high-risk, high-volatility investment. Its value can change dramatically in short periods. Potential investors should conduct thorough research, understand the risks involved, and never invest more than they can afford to lose.
What is the difference between SHIB and DOGE?
While both are meme coins inspired by the Shiba Inu dog breed, they are different projects. Dogecoin has an unlimited supply, while SHIB has a fixed supply. Additionally, the Shiba Inu project includes a broader ecosystem with DeFi elements, whereas Dogecoin primarily functions as a peer-to-peer digital currency.
What does "circulating supply" mean?
Circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market. It is a key metric for calculating market capitalization and understanding the scarcity of an asset.
Why does the price of SHIB vary across exchanges?
Prices can differ due to factors like trading volume, liquidity, and demand on each specific platform. Arbitrage traders often buy and sell across exchanges to profit from these small differences, which eventually helps to balance the prices.