Investment
Features
FeesSafety
Academy
More
Pluang+

2.3 billion SHIB burned as Shiba Inu enters a phase of market consolidation and steady network activity.

Technical Signals
31 Jul 2026
UToday
View Source
Bullish
pluang ai news

Shiba Inu (SHIB) saw a net burn of 2.3 billion tokens in 24 hours, signaling a shift to a more balanced market with exchange inflows and outflows nearly equal. On-chain data shows exchange reserves stable at about 86.99 trillion SHIB, indicating consolidation rather than aggressive trading. Network activity remains strong with slight increases in active addresses and transactions, while technical indicators suggest SHIB is stabilizing above key moving averages. This phase points to SHIB consolidating recent gains, with potential for upward movement if buying pressure resumes, but no clear trend yet established.

More News (SHIB)

Dubai's Emirates Airlines now accepts Shiba Inu (SHIB) and 29 other cryptocurrencies for flight payments.

Dubai's Emirates Airlines now accepts Shiba Inu (SHIB) and 29 other cryptocurrencies for flight payments.

Emirates Airlines, based in Dubai, has integrated Shiba Inu (SHIB) and 29 other cryptocurrencies as payment options for flights and in-flight services, available to eligible UAE residents booking in Emirati Dirham via Crypto.Com Pay. This move suppor...

Market News
Bullish
16 hours ago
Shiba Inu price pulls back after 40% surge, bulls defend key support near $0.0000045

Shiba Inu price pulls back after 40% surge, bulls defend key support near $0.0000045

Shiba Inu (SHIB) price surged nearly 40% to around $0.0000058 before sellers pushed it back down to a support zone near $0.0000045. The rapid reversal indicates some traders took profits after the breakout, while daily indicators show a strengthening...

Technical Signals
Neutral
18 hours ago
South Korea's Upbit shifts 864 billion SHIB tokens after 36% price surge, signaling possible new market activity.

South Korea's Upbit shifts 864 billion SHIB tokens after 36% price surge, signaling possible new market activity.

South Korea's largest crypto exchange, Upbit, moved 864 billion Shiba Inu (SHIB) tokens between its wallets shortly after a 36% price rally driven by strong local demand. This large-scale token transfer, split into two stages, likely reflects liquidi...

Market News
Bullish
1 day ago
2.96 billion SHIB tokens burned in biggest weekly burn of the year, sparking supply shock talks.

2.96 billion SHIB tokens burned in biggest weekly burn of the year, sparking supply shock talks.

In the past week, 2.96 billion Shiba Inu (SHIB) tokens were burned, marking the largest weekly burn in a year. This significant burn coincided with a weekend price surge of over 37%, increased whale transactions, and higher social dominance for SHIB....

Protocol Fundamentals
Bullish
1 day ago
South Korea busts $8.5M XRP scam; SHIB whales exit after pump fails; BlackRock reverses $90M Bitcoin ETF outflow.

South Korea busts $8.5M XRP scam; SHIB whales exit after pump fails; BlackRock reverses $90M Bitcoin ETF outflow.

South Korean police dismantled a $8.5 million XRP scam involving 3.4 million stolen tokens, arresting three suspects and freezing wallets quickly after complaints. Shiba Inu's recent 40% price pump failed as whales controlling 94.56% of supply cashed...

Market News
Bearish
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App