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Only 20 billion Shiba Inu tokens burned in 24 hours amid steady price recovery.

Market News
02 Oct 2026
UToday
View Source
Bullish
Only 20 billion Shiba Inu tokens burned in 24 hours amid steady price recovery.

Shiba Inu (SHIB) saw a net burn of about 20 billion tokens in the past 24 hours, reflecting modest exchange activity despite a recovering price. The token price has improved since summer lows, currently trading near $0.00000592, and is above a key long-term moving average, signaling potential for further gains. Exchange reserves remain stable with no significant accumulation, suggesting limited near-term selling pressure. The main risk to the recovery is a sharp increase in exchange deposits, but for now, the price structure remains the primary indicator to watch.

As of Oct 03, 2026 10:11 WIB, Shiba Inu (SHIB) trades on Pluang at Rp0,102, down 1.67% in the last day. The market cap stands at Rp60,34 trillion with a 24-hour trading volume of Rp2,02 trillion. Pluang users show a strong buying interest with 79% of orders as buys, while the typical hold time is 105 days, highlighting steady investor engagement despite recent token burns.

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