Shiba Inu Burns Tokens As Coinbase And Robinhood Contribute
Shiba Inu (SHIB)
Editor:
Eugene Serbin
DailyCoin reports that Shiba Inu (SHIB) is forming a bull flag pattern as major exchanges accelerate token burns. Robinhood transferred 39.04 million SHIB to the burn address across 101 transactions this week. Coinbase also contributed by burning 17.28 million SHIB from trading fees through 11 transactions.
These actions brought the total monthly burn to 588.2 million SHIB, which remains lower than July’s 3.24 billion. Despite the lower burn rate, the Q3 performance saw a 21% upswing compared to an average ratio of 2.39%. Technicians identify a bull flag forming as bulls target a break above the Bollinger Band at $0.00000525.
The community is watching the $0.00000550 range for whale interference to confirm a cycle bottom. A positive Chaikin Money Flow on shorter timeframes could signal a shift toward bullish momentum. Exchange reserves have hit record lows as holders move assets to self-custodial wallets. This shift suggests reduced trading activity and a strategic hold through the statistically favorable month of October.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 2 September 2026. Not the outlet's figures.
Whalio data shows a 65.4% buy ratio over the last hour, indicating strong immediate buying pressure that contrasts with the 43.4% ratio over four hours. The one-hour volume delta is positive at $45,362, suggesting active accumulation in the short term. However, the four-hour volume delta is negative at -$87,536, showing that selling pressure has outweighed buying over the slightly longer timeframe. Over the full 24 hours, the volume delta sits at -$298,073 with a cumulative volume delta of -$244,811, indicating net outflow for the day. This divergence suggests that while recent minutes show aggressive buying, the broader daily trend remains under selling pressure. The 24-hour spot volume of $3,505,081 supports 31,738 trades, reflecting active but net-negative flow conditions.
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 current 24-hour buy ratio of 45.7% is slightly below the seven-day average of 50.1%, marking a 4.4 point drop from the weekly norm. Trading volume for the day sits at 0.81 times the weekly average, indicating subdued activity compared to the preceding week. Over the past eight days, the price has declined by 2.3% with a total volume delta of -$369,906. This daily performance aligns with the broader weekly trend of net selling, as only three of the last seven days saw net buying. The current day is not an outlier in terms of direction but reflects a continuation of the recent downtrend. The 24-hour metrics show a slight recovery in buying interest compared to the weekly average, yet remain within the context of a generally bearish week.