Shiba Inu (SHIB) burn rate climbed 350.29% over the past 24 hours as 12.47 million tokens left circulation, according to Shibburn data. The network removed 481,463 SHIB during the last hour, while the seven-day burn total reached 44.23 million SHIB, reflecting a 32.63% weekly increase. The surge in token burns reinforced SHIB's deflationary narrative as whale-sized orders returned to the spot market. Exchange outflows totaling approximately $175,050 indicated reduced immediate selling pressure. Despite the improved burn metrics and growing whale participation, price action remained relatively muted, with SHIB defending the $0.00000409 support level.
SHIB Burns 12.47 Million Tokens in 24 Hours
Shibburn data showed that 12.47 million SHIB left circulation during the previous 24 hours, representing a 350.29% increase in daily burns. The network also removed 481,463 SHIB during the last hour. The seven-day burn total reached 44.23 million SHIB, reflecting a 32.63% weekly increase. The burn activity reinforced SHIB's longer-term scarcity narrative. The shrinking supply did not immediately translate into stronger price appreciation.
Exchange Outflows Reach $175,050 in Latest Session
SHIB recorded a negative spot netflow of approximately $175,050, indicating that more tokens exited exchanges than entered during the latest session. Negative netflows typically indicate reduced immediate selling pressure, as investors move tokens off exchanges rather than preparing them for sale. The outflow data complemented the improving burn statistics and suggested that holders preferred accumulation over distribution. Market participants continued reducing available exchange liquidity.
Whale-Sized Orders Increase Across SHIB Spot Market
The Spot Average Order Size indicator continued flashing "Big Whale Orders," showing that larger transactions accounted for a greater share of executed trades. Large investors became increasingly active across SHIB's spot market despite the subdued price environment. Whales continued absorbing liquidity while exchange balances gradually declined. Retail participation remained relatively restrained, yet growing whale-sized orders hinted that sophisticated investors had started positioning.
SHIB Defends $0.00000409 Support as MACD Improves
SHIB continued trading inside a descending channel after several weeks of lower highs and lower lows. The price defended the $0.00000409 support area while attempting to stabilize above it, preventing another breakdown toward the channel's lower boundary. Immediate resistance remained near $0.00000450, while a stronger barrier stood around $0.00000500, both aligning with previous rejection zones. The MACD reflected improving market conditions because the blue MACD line climbed above the signal line while the histogram shifted closer to the neutral level. Selling pressure had continued fading throughout July.
FAQ
What caused SHIB's burn rate to increase 350% in 24 hours?
Shibburn data showed that 12.47 million SHIB left circulation during the previous 24 hours, representing a 350.29% increase in daily burns. The network also removed 481,463 SHIB during the last hour, while the seven-day burn total reached 44.23 million SHIB, reflecting a 32.63% weekly increase.
How did whale activity change in SHIB's spot market?
The Spot Average Order Size indicator continued flashing "Big Whale Orders," showing that larger transactions accounted for a greater share of executed trades. Large investors became increasingly active across SHIB's spot market despite the subdued price environment, while exchange balances gradually declined.
What price levels is SHIB currently defending?
SHIB defended the $0.00000409 support area while attempting to stabilize above it. Immediate resistance remained near $0.00000450, while a stronger barrier stood around $0.00000500, both aligning with previous rejection zones.
