Shiba Inu Price Drops Amid Broader Market Decline

The Shiba Inu price has dropped by 6 percent in the past 24 hours to $0.0000056, according to CoinGecko data on September 28, 2026 at 09:40 UTC.

This decrease is part of a broader market trend, as Bitcoin fell by 2.53 percent, Ethereum by 2.70 percent, Solana by 5.18 percent, and Dogecoin by 5.49 percent over the same period.

The Shiba Inu burn rate has increased in recent days, with around 476.96 million tokens being permanently removed from circulation over the past 30 days. However, this amount represents only 0.000081 percent of the total circulating supply of 589.24 trillion SHIB.

The burn balance is not a significant factor in determining the Shiba Inu price, as it would take around 370,600 days, or over 1,015 years, for just under 1 percent of the circulating supply to be burned at this rate.