Investment
Features
FeesSafety
Academy
More
Pluang+

Shiba Inu price drops 6% amid minor token burn and ongoing Shibarium reorg issues

Market News
28 Sep 2026
CryptoTicker
View Source
Neutral
Shiba Inu price drops 6% amid minor token burn and ongoing Shibarium reorg issues

On September 28, 2026, Shiba Inu (SHIB) price fell 6% to $0.0000056 despite burning nearly 477 million tokens in 30 days, which is only 0.000081% of the total supply and too small to impact price. The Shibarium layer 2 blockchain is still undergoing reindexing after a recent reorganization, causing incomplete transaction records and ongoing validator staking maintenance. For investors, tax rules in Germany emphasize holding periods over burns for gains, with a one-year holding period for tax-free profits and a 1,000 euro exemption threshold. Market liquidity and meme coin demand remain the main price drivers, not token burns, and investors should consider trading costs and tax deadlines before acting.

As of Sep 28, 2026 19:45 WIB, Shiba Inu (SHIB) trades at Rp0.103 on Pluang, down 3.68% for the day with a market cap of Rp60.15 trillion. Despite the token burn mentioned in the news, market activity shows a 61% buy order ratio and an average hold time of 105 days among investors. The 24-hour trading volume stands at Rp1.56 trillion, highlighting ongoing interest in SHIB on the platform.

More News (SHIB)

1 billion Shiba Inu tokens burned amid rising exchange inflows, pressuring SHIB price below key levels.

1 billion Shiba Inu tokens burned amid rising exchange inflows, pressuring SHIB price below key levels.

Shiba Inu (SHIB) saw 1 billion tokens burned in 24 hours, but rising inflows to exchanges suggest increased selling pressure. Despite some outflows, the net flow remains negative, indicating more tokens are being deposited than withdrawn. SHIB's pric...

Technical Signals
Bearish
5 hours ago
Shiba Inu nears 1.7M holders as adoption surges with nearly 9,000 new holders in September.

Shiba Inu nears 1.7M holders as adoption surges with nearly 9,000 new holders in September.

Shiba Inu's on-chain holders have reached 1,693,365, approaching the 1.7 million milestone as adoption grows rapidly in September. Despite recent price volatility, the meme token added 1,235 new holders in the last 24 hours and nearly 9,000 throughou...

Protocol Fundamentals
Bullish
5 hours ago
Shiba Inu selling pressure rises as exchange reserves near 88 trillion, stalling price recovery.

Shiba Inu selling pressure rises as exchange reserves near 88 trillion, stalling price recovery.

Shiba Inu's exchange reserves have surged close to 88 trillion tokens, signaling increased selling pressure and a bearish market sentiment. This rise in tokens held on exchanges indicates fewer buyers and more sellers, which has stalled the recent pr...

Market News
Bearish
1 day ago
Shiba Inu's lead Kusama silent for 137 days on X, community awaits his return amid bullish price signals.

Shiba Inu's lead Kusama silent for 137 days on X, community awaits his return amid bullish price signals.

Shytoshi Kusama, Shiba Inu's lead ambassador, has been silent on social media platform X for 137 days, sparking curiosity among the SHIB community about a potential comeback. Despite no posts since May 13, Kusama updated his X bio and location severa...

Technical Signals
Bullish
1 day ago
Shiba Inu burns 2 million tokens in 24 hours, totaling 41% of initial supply destroyed

Shiba Inu burns 2 million tokens in 24 hours, totaling 41% of initial supply destroyed

Shiba Inu (SHIB) burned 2,047,206 tokens in the past 24 hours, a small amount compared to its circulating supply of over 585 trillion tokens. The total tokens burned so far equal 41.08% of the original 1 quadrillion supply, showing ongoing efforts to...

Protocol Fundamentals
Neutral
1 day ago
banner-footerbanner-footer

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