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Shiba Inu market cap rebounds above $3B after brief dip below that level

Market News
16 Oct 2026
Tokenpost
View Source
Neutral
Shiba Inu market cap rebounds above $3B after brief dip below that level

Shiba Inu (SHIB) saw its market capitalization rise back above $3 billion on October 16, reaching $3.02 billion after briefly falling below that threshold. The token closed at $0.00000508, trading within a narrow range during the day. Despite this rebound, SHIB's price and market cap remain about 13.5% lower than their levels on October 5. With nearly 589.23 trillion tokens in circulation, the current price reflects a market value close to $2.95 billion, indicating some volatility but overall stability near the $3 billion mark.

While Shiba Inu's market cap recently returned above $3 billion, on Pluang as of Oct 17, 2026 09:21 WIB, SHIB trades at Rp0,0905 with a market cap of Rp53,73 trillion and a 1-day decline of 1.38%. This contrasts with its circulating supply of nearly 589.2 trillion tokens and a balanced buy-sell order activity of 55% buy to 45% sell. The token's typical hold time on Pluang is 106 days, indicating steady investor engagement despite recent price fluctuations.

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