Shiba Inu burn rate drops 91% as price momentum fades
Shiba Inu (SHIB)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Shiba Inu’s daily token burn rate fell 91.31% on September 28, reducing the amount removed from circulation to approximately 338,050 SHIB. This sharp decline contrasts with the previous period when around 3.9 million tokens were burned. The data comes from Shibburn. The drop coincides with fading price momentum for the asset.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 29 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows SHIB trading at $0.000005680 with a 24-hour buy ratio of 48.6%, indicating near-even distribution between buyers and sellers. Short-term pressure appears slightly bullish, with the 1-hour buy ratio at 56.5% and the 4-hour ratio at 51.4%, both exceeding the daily average. Volume delta reflects this shift, showing positive inflows of +$31,080 in the last hour and +$25,214 over four hours, against a 24-hour outflow of -$148,259. The cumulative volume delta closed at +$330,166, suggesting that buying pressure has built up over the day despite earlier outflows. Net buying occurred in 14 of the last 24 hours, with spot volume reaching $5,349,305 across 52,354 trades.
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 50.4%, making today’s 24-hour reading of 48.6% slightly below the norm by 1.8 points. Volume was subdued at 0.60x the weekly average, indicating lighter trading activity than usual. The coin saw net buying on only 4 of the past 7 days, with a total volume delta of +$903,989 over that period. Price fell 6.1% over the eight-day window, highlighting a broader downward trend. This suggests today’s short-term buying spike is an unusual deviation from the week’s generally weaker flow and price action.