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1.2 billion Shiba Inu tokens burned in 24 hours but not enough to boost price significantly

Market News
14 Aug 2026
UToday
View Source
Neutral
1.2 billion Shiba Inu tokens burned in 24 hours but not enough to boost price significantly

Shiba Inu saw a net exchange outflow of about 1.2 billion tokens in 24 hours, but this amount is too small relative to its massive total supply of nearly 1 quadrillion tokens to impact the price meaningfully. Exchange reserves remain high at 87.33 trillion SHIB, and while network activity shows slight improvement, it is insufficient to reverse the token's bearish momentum. For Shiba Inu to recover and challenge higher price levels, consistent and substantial demand is needed beyond these minor token movements.

More News (SHIB)

Shiba Inu gains traction in Japan amid new crypto ETF regulations.

Shiba Inu gains traction in Japan amid new crypto ETF regulations.

Shiba Inu cryptocurrency is gaining stronger presence in Japan following regulatory reforms that may allow the launch of the country's first cryptocurrency ETFs. This development could boost Shiba Inu's adoption and trading volume in Japan, opening n...

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Shiba Inu trading spikes with 167B tokens in 24 hours, signaling potential rally end.

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Shiba Inu (SHIB) saw a significant trading volume of 167 billion tokens in the last 24 hours, indicating increased selling pressure as it approaches a key resistance level near $0.00000568. Despite reclaiming some moving averages, SHIB faces strong r...

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Japan's new crypto law boosts Shiba Inu's exchange presence but no SHIB ETF approved yet

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Japan passed new crypto regulations in July 2026 that bring digital assets under financial product rules, improving Shiba Inu's trading status. SHIB is included on Japan's JVCEA Green List, handled by nine exchanges, and recently gained retail access...

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Japan reclassifies crypto under stock law, paving way for Shiba Inu ETF by 2027

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Shiba Inu price edges up 0.89% amid rising token inflows to exchanges increasing near-term selling pressure.

Shiba Inu price edges up 0.89% amid rising token inflows to exchanges increasing near-term selling pressure.

Shiba Inu (SHIB) price rose 0.89% to $0.00000545, slightly outperforming the broader crypto market. However, a sharp increase of about 75 billion SHIB tokens moving to exchanges has raised near-term supply pressure, potentially challenging the ongoin...

Technical Signals
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2 days ago
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