$1,000 in Shiba Inu in 2023

A $1,000 investment in Shiba Inu (SHIB) made in January 2023 would be worth about $771 as of May 2026 (latest complete month) — a ×0.77 return, or −7.5% per year. Adjusted for US inflation (CPI), that equals $694 in 2023 dollars. The same $1,000 in the S&P 500 with dividends reinvested would have grown to $1,967.

In plain terms: after stripping out +11.2% US inflation since January 2023, today's $771 buys roughly what $694 bought back in 2023 — a ×0.69 gain in actual purchasing power.

Shiba Inu is an Ethereum-based memecoin launched in 2020 that briefly entered the top 10 by market cap during the autumn 2021 mania. Buying it near the hype peak remains one of the cleanest illustrations of what entering a memecoin late does to a portfolio.

Data as of · updated weekly

Worth today
$771
×0.77 · −7.5%/yr
Inflation-adjusted
$694
in 2023 dollars
S&P 500 instead
$1,967
same period, dividends reinvested
Gold instead
$2,622
same period, futures price

The actual numbers: Shiba Inu since 2023

SHIB price in January 2023$0.00000808
SHIB price as of May 2026$0.00000623
Nominal return×0.77 (−7.5%/yr)
US CPI inflation since January 2023+11.2%
Real (inflation-adjusted) return×0.69 (−10.4%/yr)
Same money in the S&P 500$1,967

Methodology: start-of-month prices, one-time purchase, no fees or taxes assumed. Full methodology.

What happened in 2023

2023 was the quiet recovery from the FTX bottom: Bitcoin climbed from $16,500 to about $42,000 as fear faded and BlackRock's spot-ETF filing in June rewrote the institutional narrative.

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Year
Month
Worth today
$771
×0.77 · −7.5%/yr
Inflation-adjusted
$694
in 2023 dollars
S&P 500 instead
$1,967
dividends reinvested
Gold instead
$2,622
same period

Shiba Inu vs S&P 500 total return vs uninvested cash eroded by CPI. Monthly grid, start-of-month prices.

FAQ: Shiba Inu returns since 2023

How much would $1,000 invested in Shiba Inu in 2023 be worth today?

About $771 as of May 2026 — a ×0.77 return. Adjusted for inflation, that equals $694 in 2023 dollars. This assumes a one-time purchase in January 2023 at $0.00000808 and never selling.

What does “inflation-adjusted” mean here?

US consumer prices rose +11.2% between January 2023 and May 2026 (CPI). So $771 today buys roughly what $694 bought in 2023. We deflate by CPI to show the gain in actual purchasing power.

Did Shiba Inu beat the S&P 500 since 2023?

No. $1,000 in Shiba Inu is worth $771, while the same money in the S&P 500 with dividends reinvested would be $1,967.

What was the average annual return of Shiba Inu since 2023?

−7.5% per year nominal (CAGR over 3.3 years), or −10.4% per year after CPI inflation.

Where does the data come from?

Crypto prices: Coin Metrics community data and Binance public market data. S&P 500: total-return index (^SP500TR). Inflation: US CPI (CPIAUCSL) from FRED. All series use a monthly grid and refresh weekly.

Shiba Inu in other years

20212022202320242025

Other assets in 2023

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Educational purposes only — not investment advice and not a recommendation to buy or sell any asset. Past performance is not indicative of future results. Calculations assume a one-time purchase at the start-of-month price, no fees, no taxes and no selling.