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Shiba Inu price rises 3.13% on market gains; token burns too small to impact price significantly

Market News
02 Oct 2026
CryptoTicker
View Source
Neutral
Shiba Inu price rises 3.13% on market gains; token burns too small to impact price significantly

On October 2, 2026, Shiba Inu (SHIB) price increased by 3.13%, closely following gains in major cryptocurrencies like Bitcoin and Solana. Despite 17,271 SHIB tokens being burned that day, the amount was negligible compared to the total supply, making the burn's effect on price insignificant. The price movement reflects broader market trends rather than SHIB-specific news. Investors should consider trading fees, tax implications in Germany, and market liquidity when planning SHIB transactions.

Shiba Inu trades at Rp0.106 on Pluang, up 1.77% as of Oct 02, 2026 19:31 WIB. Bitcoin and Solana also gained, with BTC up 2.95% at Rp1.552.447.750 and SOL up 3.78% at Rp2.191.754. SHIB sees strong buy interest with 81% of orders on Pluang, reflecting active trading despite modest token burns.

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