Shiba Inu price up 4.4 percent: outperforms the market, but 88 trillion SHIB sit on exchanges

Shiba Inu trades at $0.00000596 at midday on Monday, or €0.00000531. That is 4.4 percent more than 24 hours earlier, and on the day it is the strongest reading among the six largest names on the market. The more important figure, though, is not the one in the price window: according to data from the analytics firm Santiment, 88.08 trillion SHIB sit on trading venues, counted as of October 3. At the current price that is roughly $525 million that could be sold at any moment. Total trading turnover for a full day comes to $111 million.

This article sets the three figures that regularly get mixed up around Shiba Inu against one another: the balance held on exchanges, the daily turnover and the volume of tokens burned. After that it turns to what an investor in Germany can actually do with it, from custody through the holding period to the question of which provider is even allowed to sell SHIB.

Shiba Inu price on October 5: $0.00000596 and €0.00000531

Over the past 24 hours the price moved between $0.00000568 and $0.00000602. That is a 6.0 percent span between the daily low and the daily high; the figures come from CoinGecko as of midday on October 5, 2026. One million SHIB therefore costs €5.31.

Over longer windows the picture looks calmer than the day suggests. On a seven-day view there is a gain of 5.0 percent, over 30 days 10.2 percent, over 60 days 26.1 percent. Measured over a year, by contrast, there is a loss of 53.3 percent. From the record set in October 2021, then $0.00008616, the price is 93.1 percent away. Getting back there would require the price to multiply fourteenfold.

Why the daily gain says little about SHIB's direction

Turnover of $111 million equals 3.2 percent of market capitalisation. For an asset quoted that far down in the decimals, comparatively small buy orders are enough to move a percentage figure that looks impressive on screen. Four percent on $0.00000571 works out at $0.00000025. Anyone wanting to place the move therefore looks not at the percentage but at the volume that carried it.

88.08 trillion SHIB on exchanges: $525 million hanging over the market

Santiment counts the balances held on the trading venues it tracks. On October 3 the figure was 88,076,900,000,000 SHIB. Measured against the circulating supply of 589.24 trillion tokens, that is 14.95 percent. The last time this reading stood at that level was in early June.

The number matters for a simple reason: tokens on an exchange are ready to be sold. Tokens in a self-custody wallet are only ready after a transfer that costs time and network fees. The balance on trading venues is therefore an upper bound on how much supply can reach the market at short notice, and at $525 million it is 4.7 times what changes hands in an entire day.

No forecast follows from this. What follows is an order of magnitude: if even one fifth of that balance came to market within a day, it would match the whole of the current daily turnover. Anyone working in SHIB with larger sums should therefore pick a trading venue not on fees alone, but on the depth of its order book.

20 billion tokens burned a day: 4,404 days until the exchange balance would be gone

Burning tokens is the best-known argument among Shiba Inu's followers. Burning means that tokens are sent to an address nobody holds the key to, and are therefore permanently out of circulation. On Shibarium, the project's second layer, that runs automatically through ShibTorch, which swaps the base fees paid in BONE into SHIB and burns them.

Shibburn keeps the counter. For October 3 the dashboard shows around 20 billion SHIB burned within 24 hours, after the burn rate rose by more than 17,000 percent against a quiet previous day. The percentage sounds enormous; the absolute figure puts it in perspective. Twenty billion tokens are 0.0034 percent of the circulating supply and worth roughly $119,200 at the current price.

The arithmetic that follows is something anyone can work through. If 20 billion SHIB were burned every day, it would take 4,404 days before today's exchange balance of 88.08 trillion tokens alone had disappeared. That is a good twelve years. For the full circulating supply of 589.24 trillion tokens it would come to more than 80 years. Burns do tighten supply, but on a scale that carries no weight next to daily trading.

What the burn rate does show

The counter is useful as a measure of activity. Because ShibTorch is fed from transaction fees, the amount burned rises when more happens on Shibarium. A jump in the burn rate is therefore first a statement about network usage and only secondarily one about supply. Reading the figure as a price driver confuses the two.

Rank 34 and $3.51 billion market capitalisation: where Shiba Inu stands in the field

Shiba Inu's market capitalisation stands at $3.51 billion, or €3.13 billion, which is rank 34 in the overall market. For comparison, the daily moves on October 5: SHIB is up 4.4 percent, Dogecoin up 2.3 percent, Bitcoin up 0.7 percent, XRP up 0.5 percent, Ethereum up 0.3 percent and Solana down 0.9 percent.

That the smallest of the six shows the largest daily swing is neither coincidence nor strength. It is the usual consequence of thinner market depth. The same property works in both directions, as the yearly comparison of minus 53.3 percent makes plain.

ERC-20 instead of its own chain: where your SHIB actually sits

SHIB is not a standalone network but an ERC-20 token on Ethereum. An ERC-20 token is an entry in a contract on someone else's chain, not a balance in a blockchain of its own. In practice that means anyone withdrawing SHIB from an exchange pays the network fee in ether, not in SHIB, and therefore always needs a small amount of ETH in the same wallet to be able to move the tokens again later.

For custody the same logic applies as for any other Ethereum token. A hardware wallet does not store the tokens themselves but the private key used to address the contract. The recovery phrase of twelve or 24 words is the actual backup; the device is replaceable. Anyone who photographs those words or puts them in cloud storage cancels the protection again.

Transferring from an exchange into your own wallet is not a sale in Germany and therefore triggers no tax. The holding period also keeps running, because it attaches to the time of acquisition, not to the place of custody. What it does require is a clean note, because proving the acquisition later rests with you.

One-year holding period, €1,000 exemption limit: the tax rules for SHIB in Germany

Gains from selling crypto assets count in Germany as private disposals under Section 23 of the Income Tax Act. Two figures decide the outcome. First the holding period: anyone who holds SHIB for longer than a year and then sells pays no income tax on the gain. Second the exemption limit: if the sum of all private disposal gains in a calendar year stays below €1,000, no tax arises either. The increase to that amount is set out in Section 23 paragraph 3 sentence 5 and has been carried over into the Federal Ministry of Finance circular of March 6, 2025 on the income tax treatment of crypto assets.

An exemption limit is not a tax-free allowance. If the limit is exceeded by one euro, the entire gain becomes taxable, not just the part above it. This is exactly where SHIB becomes practically relevant, because the unit counts are large and a gain adds up faster than the decimal places suggest.

A worked example with real prices

Suppose you bought 500 million SHIB at €0.00000400 and sell at today's price of €0.00000531. The gain comes to €655 and therefore stays below the exemption limit, provided you had no other private disposal gains in the same year. At 763 million tokens the €1,000 limit would be reached, and from there the full gain is taxable. If instead you sell the same position only after a year has passed, the limit no longer matters.

FIFO at 589 trillion tokens: why documentation weighs more heavily with Shiba Inu

For matching purchases to sales, the first in, first out method generally applies: the holding bought first counts as the one sold first. That determines which holding period runs for which part of the position. For an asset held in hundreds of millions of units and often bought in several tranches, this matching decides whether a sale is tax-free or not.

The Federal Ministry of Finance circular of March 6, 2025 contains, for the first time, a dedicated section on cooperation and record-keeping duties. What is required is traceable documentation of acquisitions and disposals. For SHIB that means four details per transaction in practice: date, number of units, price in euros and the platform. Anyone spread across several exchanges and a self-custody wallet is better off keeping that list as they go than reconstructing it from account statements in the spring.

How SHIB differs from Bitcoin

The difference is the unit count, not the legal position. A bitcoin purchase can be noted to eight decimal places and stays manageable. With SHIB the same line carries twelve-digit quantities and a price with six zeros after the decimal point. Rounding errors that stay harmless with other assets quickly shift three-figure euro amounts here.

MiCA since the end of 2024: which providers may legally sell SHIB in Germany

The European regulation on markets in crypto-assets has applied in full since December 30, 2024. Anyone exchanging or holding crypto assets commercially in Germany needs authorisation as a crypto-asset service provider for it; in Germany the Crypto Markets Supervision Act implements the framework, and supervision sits with BaFin. We have put together an overview of the obligations MiCA imposes on providers elsewhere.

For you as a buyer of SHIB that has two tangible consequences. First, an authorised provider must inform you about risks and costs before the purchase and disclose its fees. Second, BaFin keeps a public register of supervised firms in which a provider can be looked up before any money moves. A provider that cannot be found there and still advertises actively in Germany is not worth the risk.

$111 million in daily turnover: leveraged positions on SHIB and the liquidation threshold

SHIB is also offered on many platforms as a futures contract with leverage. For an asset whose daily range is 6.0 percent, as it is today, leverage of 17 is arithmetically enough to run a position against its margin within a single day. Liquidation then happens automatically as soon as the posted collateral falls below the required minimum rate.

On top of that comes the funding rate, which on perpetual contracts flows between the two sides of the market every four or eight hours depending on the platform. That rate is not a fee paid to the exchange but a balancing payment between the long and the short side, and it can make a position more expensive even when the price stands still. Anyone using the instrument works out before entering at which price liquidation bites, not afterwards.

Shiba Inu price: your next three steps

1. Sort your holdings and holding periods. List your SHIB purchases with date, number of units and euro amount, and mark which tranches already satisfy the one-year period. A portfolio tracker with a tax function takes over the FIFO matching once you connect your exchanges.
2. Review custody. Decide for each part of the position what has to stay on the exchange and what belongs in self-custody. For the latter you need a device and a separately stored backup of the recovery phrase; the overview of hardware wallets shows the differences.
3. Turn leverage down deliberately, or off. If you work with futures contracts, set the leverage, the liquidation price and the funding rate down in writing before you enter. Which platforms offer which terms is in the overview of perp DEX platforms.

(As of October 5, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)