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Shiba Inu (SHIB) burn activity surged 3,652% in 24 hrs, price steadies near $0.00000474 after a 40% gain. See the on‑chain metrics and next price checkpoints.
Shiba Inu’s on‑chain burn rate exploded 3,652% in the past 24 hours, while the token continues to sit roughly 40% above its June lows, keeping it in the top‑10 most‑visited crypto assets【1】.
| At a glance | |
|---|---|
| Burn surge (24 h) | +3,652% |
| Tokens burned (24 h) | 24.38 million SHIB |
| Price | $0.00000474 |
| 24 h price move | +40% from June low |
| Trading volume | ≈ $125 million |
Data from Shibburn shows a 3,652% jump in burn activity over the last day, translating to 24.38 million SHIB removed from circulation【2】. The surge follows a “surprise rally” that lifted SHIB by more than 35% in a single session, the largest price gain of the year【2】. Analysts at LuckSide Crypto note that fundamentals look stronger heading into late July, citing the token’s climb from 33rd to 28th in market‑cap rankings and a resurgence of community interest【1】.
SHIB consolidated around $0.00000474 on Friday, sitting inside a Fibonacci support zone after a 44% spike off its June trough【1】. Both the 20‑day and 50‑day EMAs are now below price and curving upward for the first time since February, marking the first bullish EMA alignment in months【1】. Trading volume has held steady near $125 million, and the token re‑entered the top‑10 most‑visited assets, indicating sustained retail attention【1】.
The recent burn acceleration coincides with heightened social activity: a peak in global search traffic over three months and a surge in whale transactions that peaked at 52 in a single day【1】. Additionally, the official Shiba Inu X account highlighted that Emirates now accepts Crypto.com Pay for UAE flight bookings, with SHIB as a payment option—a touted “real‑world adoption” moment【1】.
The burn surge underscores a community‑driven effort to tighten SHIB’s supply as price steadies after a strong rally. Whether the token can sustain its 40% gain will hinge on the balance between supply reductions, whale behavior, and any new adoption signals.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 2, 2026 · How we report
The rally was linked to a combination of high token burn rates, broader crypto market recovery, and increased trading volume, especially in South Korea.
Yes, data from Santiment shows 52 whale transactions in a single day, suggesting larger holders are taking profit as retail interest rises.
Burn activity increased by 3,652% in 24 hours, with over 1.1 billion SHIB burned each day, marking the highest burn rate in a year.
Analysts describe a bullish outlook, citing strong community engagement and the return of "OG" meme coin culture.
SHIB moved from 33rd to 28th in overall crypto market‑cap rankings during the rally.