The official Shiba Inu project account on X reignited the long-running debate over whether SHIB could ever reach $1 after endorsing a community analysis on November 3, 2026. The team described the post as “great work”, even though the shared market data contained significant pricing discrepancies.
The infographic promoted by the Shiba Inu account listed SHIB at $0.000012, a price that does not reflect recent trading conditions and which was described as roughly double the token's actual current market value. The chart also placed Dogecoin at $0.20 and Bonk at $0.000021, while their real market prices were below $0.10 and lower than levels seen after BONK's delisting from Upbit, respectively.
The community analysis argued that a $1 SHIB valuation is mathematically improbable but not entirely impossible. With a circulating supply of approximately 589 trillion tokens, reaching $1 per unit would require a market capitalization of $589 trillion. That figure would exceed Bitcoin's total valuation many times over and surpass the combined annual global gross domestic product. From current sub-cent levels, SHIB would need to rise by around 200,000 times to hit the one-dollar mark.
SHIB reached its all-time high of $0.000088 in October 2021 and currently trades far below that peak. Although community members have promoted token burning to reduce supply, the volume burned so far has not been significant enough to make a $1 target realistic. In late October, the project team had cautioned traders after a $20 million liquidation wave, and separately completed a deployment of the SHIB token on the Solana blockchain to expand beyond Ethereum and Shibarium.
Spot market price action keeps SHIB trading within the micro-cent range, with attention on the upcoming weekly close and the broader impact of its cross-chain integrations.
