# Shiba Inu jumps 27% as token burns hit 1‑year high

**Published:** 2026-08-02T09:50:33.182Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/d60258f7-0247-4cbe-b6d6-676fb424f1f8

Shiba Inu (SHIB) surged 27% with burns topping 1.1 billion tokens, 1 trillion withdrawn from exchanges and $358 M volume—see the key levels and on‑chain

Shiba Inu surged 27% over the weekend, driven by record‑high token burns and a massive outflow of tokens from exchanges, while whales quietly trimmed positions amid the rally [2].

| At a glance | |
|---|---|
| Price | $0.00000502 (≈ 19% weekly gain) |
| 24h Move | +27% |
| Key Level | 100‑day EMA ≈ $0.0000050 support |
| Catalyst | 1.1 B SHIB burns + 1 T tokens withdrawn from exchanges |

## What sparked the rally  
The price jump coincided with the highest daily burn rate in a year—1.125 billion SHIB burned on day 1 and 1.092 billion on day 2, both linked to the launch of Woof Swap V3, a SHIB‑centric launchpad that auto‑burns SHIB on each transaction [2]. At the same time, more than 1 trillion SHIB moved off centralized exchanges into private wallets, a flow often interpreted as holders opting to keep tokens off‑exchange rather than sell [1][2]. Volume spiked to $358 million over the prior 24 hours, outpacing other similarly sized assets, while open interest in SHIB futures fell about 25%, suggesting leveraged traders were exiting positions after the breakout [1].

## On‑chain context and price outlook  
Santiment data showed social dominance rising to 0.084%—the highest since early April—and whale activity peaking with 52 large transactions in a single day, the most since late March [2]. Despite the surge, exchange supply only grew by roughly 100 billion SHIB, indicating that most of the token outflows were not immediately re‑deposited for resale [2]. The token now trades near its 100‑day EMA at $0.0000050, a level that recently shifted from resistance to support; a break below $0.00000494 could trigger further selling, while a rise above $0.0000060 would test the 200‑day EMA and signal a stronger recovery [1].

## What to watch  
- **Price thresholds:** $0.00000494 (breakdown) and $0.0000060 (next resistance).  
- **Burn activity:** Daily burn totals above 1 billion tokens, especially if sustained by Woof Swap V3 launches.  
- **Exchange flows:** Any reversal in the 1 trillion token outflow trend, which could supply fresh sell pressure.

The 27% jump underscores how on‑chain mechanisms—burns and exchange withdrawals—can amplify short‑term price moves, but the sustainability of the rally hinges on whether fresh buying demand can replace the waning leveraged interest and whether support at the 100‑day EMA holds.

## Sources
1. Invezz — [Can Shiba Inu coin price extend its rally as 1T tokens leave exchanges?](https://invezz.com/news/2026/07/27/can-shiba-inu-coin-price-extend-its-rally-as-1t-tokens-leave-exchanges/)
2. Benzinga — [Shiba Inu Surged 27% as Burns Hit 365-Day High: What's ...](https://www.benzinga.com/crypto/cryptocurrency/26/07/60709324/shiba-inu-surged-27-as-burns-hit-365-day-high-whats-happening)
3. Followin — [Shiba Inu Surged 27% as Burns Hit 365-Day High: What's Happening?](https://followin.io/zh-Hans/feed/26626531)
4. Newsbreak — [Shiba Inu Surged 27% as Burns Hit 365-Day High: What's ...](https://www.newsbreak.com/benzinga-520061/4794328147796-shiba-inu-surged-27-as-burns-hit-365-day-high-what-s-happening)

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Cite as: TrendWatcher, "Shiba Inu jumps 27% as token burns hit 1‑year high", https://www.trendwatcher.in/article/d60258f7-0247-4cbe-b6d6-676fb424f1f8