Shiba Inu drops 7% as burn rate slows despite Shibarium upgrade
Shiba Inu (SHIB)
Editor:
Eugene Serbin
tradersunion.com reports that Shiba Inu (SHIB) is trading at $0.000005, down 7.09% for the day and positioned below its key moving averages. The token completed a technical upgrade after its Shibarium RPC endpoint was officially merged into the ethereum-lists/chains directory. This integration improves access for wallets and Web3 platforms, potentially streamlining developer onboarding and enhancing ecosystem activity.
Network metrics reflected this development with transaction volume climbing to $40.23 million. However, a 25% drop in the burn rate modulated short-term token supply, with 5.33 million tokens burned via Binance, Coinbase, and Robinhood. Price action remains under broader selling pressure despite the infrastructure improvements.
On the H1 chart, SHIB/USD trades below the MA-20 and MA-50, while remaining under the long-term daily MA-200. The Ichimoku Kijun level at $0.00000516 acts as immediate resistance, with momentum signals printing a sell signal on the MACD. Bull/Bear Power confirms sellers are dominating, and the Awesome Oscillator signals a prevailing downtrend. Over the next 2–3 trading days, SHIB/USD is expected to remain within a volatility band between $0.00000483 and $0.00000511.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 15 September 2026. Not the outlet's figures.
Whalio spot data shows SHIB trading at $0.000005240, with a 1-hour buy ratio of 43.8% against a 4-hour ratio of 53.8%. The 24-hour buy ratio sits at 45.8%, indicating that short-term buying interest is weaker than the four-hour average. Volume delta reflects this imbalance, showing a net outflow of $26,429 in the last hour compared to a net inflow of $143,372 over four hours. Over the full day, the volume delta is negative at -$265,636, suggesting that selling pressure has outweighed buying for the majority of the session. The cumulative volume delta closed at +$6,453, but only 10 of the last 24 hours saw net buying. Spot volume reached $3,194,292 across 29,703 trades, confirming active but predominantly sell-side participation.
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 47.6%, meaning the current 24-hour ratio of 45.8% is 1.7 percentage points below the weekly norm. Trading volume was 0.85x the weekly average, indicating lighter participation than usual. Only one of the past seven days recorded net buying, highlighting a consistent bearish trend. The price changed -3.5% over eight days, with a total volume delta of -$1,332,879. This recent day aligns with the broader weekly pattern of subdued buying and net outflows.