Shiba Inu rises 3.1% despite minimal burn activity
Shiba Inu (SHIB)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Shiba Inu increased by 3.13% over 24 hours to reach $0.00000593 on Friday. The outlet notes that while token burns often attract holder attention, the latest event was negligible in scale. A public burn tracker recorded the destruction of only 17,271 SHIB, valued at roughly ten cents.
This amount represents just 0.00000000295% of the circulating supply. The report questions whether such a tiny reduction in supply can truly influence price action. It highlights the disconnect between the 3.13% price climb and the virtually non-existent burn volume.
The outlet suggests that a direct causal link between the burn and the price rise is difficult to support. Ultimately, the data indicates that the burn barely made a dent in the total circulating tokens.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 6 October 2026. Not the outlet's figures.
Whalio spot data shows SHIB trading at $0.000005880 with a 1-hour buy ratio of 65.7%, indicating strong short-term buying pressure. This contrasts with the 4-hour buy ratio of 44.4%, suggesting that the intense buying momentum is fading over a slightly longer timeframe. The 24-hour buy ratio sits at 46.3%, showing that buying has been roughly balanced with selling over the full day. Volume delta data reveals a net outflow of -$445,288 over 24 hours, meaning sellers have dominated the market recently. However, the 1-hour volume delta of +$104,387 shows that immediate flow has turned positive. This shift suggests that while the broader trend is bearish, recent trades are favoring buyers.
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, SHIB experienced a 3.5% price increase with a volume delta of -$298,433. The 7-day average buy ratio was 51.2%, which is 4.8 percentage points higher than the current 24-hour reading of 46.3%. Volume was 1.26 times the weekly average, indicating unusually high trading activity compared to normal days. Net buying occurred on 5 of the 7 days, showing a generally positive trend despite the recent sell-off. This context suggests that the current day is part of a broader upward movement, even if short-term pressure is weakening.