Shiba Inu Burns Spike 580% as Price Recovers
Shiba Inu (SHIB)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Shiba Inu has regained attention following a substantial increase in token burns and a steady price recovery. Traders observed SHIB climbing more than 7% over the past week while broader crypto markets remained strong. A reported 580% increase in the burn rate sparked fresh optimism among holders.
The price climbed to $0.00000603, posting a 3.18% gain in 24 hours. This move extended a weekly recovery that pushed gains above 7.5%. Growing interest in meme coins also helped fuel demand across the sector.
According to Shibburn, the SHIB burn rate surged more than 585% within a single day. Roughly 15 million tokens were removed from circulation during that period. Attention has now shifted toward a key resistance level that could determine the next major move. This level is seen as critical for the popular meme coin's future direction.
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 spot data for SHIB shows a price of $0.000005680 with a 1-hour buy ratio of 42.1% and a 4-hour buy ratio of 56.9%. The 24-hour buy ratio sits at 48.6%, indicating that buying pressure is currently fading compared to the stronger 4-hour reading. Volume delta reflects this shift, showing -$35,205 in the last hour versus +$105,505 over four hours. The 24-hour volume delta is -$148,259, suggesting net selling pressure over the day. CVD closed at +$207,015, meaning cumulative buying exceeded selling, but the recent hourly delta indicates a pullback. Spot volume reached $5,349,305 with 52,354 trades in 24 hours.
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.
The preceding week shows a 7-day average buy ratio of 50.4%, while the latest day is -1.8 points below that average. Volume was 0.60x the average, indicating significantly lower activity than usual. Net buying occurred on 4 of 7 days, with a total volume delta of +$903,989. Price changed -6.1% over 8 days, contrasting with the recent short-term recovery. This day is less active than average, with volume at 0.60x the weekly norm.