SHIB burns 1 billion tokens as exchange deposits rise
Shiba Inu (SHIB)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that 1 billion Shiba Inu (SHIB) tokens were burned in 24 hours, a move claimed to set the bull market back. The outlet notes that SHIB poured to exchanges as recovery efforts began to appear structurally stronger. However, the coin is now under fresh selling pressure. Exchange-flow data indicates the balance is shifting in favor of deposits.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 28 September 2026. Not the outlet's figures.
Shiba Inu is trading at $0.000005930 with a 1-hour buy ratio of 55.7% and a 4-hour buy ratio of 50.7%, both showing stronger buying pressure than the 24-hour period. The 24-hour buy ratio sits at 48.1%, indicating that buying interest is fading over the longer timeframe. Volume delta reflects this shift, showing positive inflows of $20,244 in the last hour and $10,238 over four hours, compared to a net outflow of $174,686 over 24 hours. A positive volume delta means buyers are absorbing more sell orders than sellers are absorbing buy orders in that period. Conversely, the negative 24-hour delta suggests that over the full day, sellers have dominated the flow.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 50.7%, making the current 24-hour ratio of 48.1% slightly weaker by 2.6 points. Spot volume for the day was $4,569,830, which is only 0.51 times the weekly average, indicating significantly lower activity. While the price rose 8.0% over eight days, the daily volume drop marks this as an unusually quiet day compared to the norm. The 24-hour volume delta of -$174,686 contrasts with the week's total positive delta of $1,070,588, showing a reversal in net flow direction. Only five of the past seven days saw net buying, suggesting this recent burn event occurred during a period of mixed momentum.