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Shiba Inu revives $1 price hope as community burns reduce supply significantly.

Protocol Fundamentals
06 Nov 2026, 23:02 WIB
Dailycoin
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Bullish
Shiba Inu revives $1 price hope as community burns reduce supply significantly.

Shiba Inu (SHIB) has reignited discussions around reaching a $1 price target despite its massive 589 trillion token supply, which makes this goal mathematically challenging but not impossible. The community has actively burned over 41% of the total supply, reducing inflation and pushing the weekly burn rate up by 190.45%. Continued burns and the adoption of Shibarium, the native Layer-2 chain, could further decrease supply and support price growth. However, SHIB's price remains volatile and currently below levels seen earlier in 2026.

As of Nov 07, 2026 04:24 WIB, Shiba Inu (SHIB) trades at Rp0,0829 on Pluang with a modest 1-day gain of 0.45%. The token's circulating supply remains at 589.2 trillion, supporting the ongoing community efforts to reduce inflation through burns. Market activity is balanced with equal buy and sell orders, reflecting steady investor engagement. The market cap stands at Rp48,8 trillion, highlighting SHIB's significant presence despite its price volatility.

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