Shiba Inu (SHIB) dropped about 5% as a surge in token burns failed to boost its price amid broader crypto market weakness and pressure from leveraged traders. Despite a recent large burn removing nearly 298 million SHIB tokens, the price couldn't break resistance at $0.000006 and fell toward support at $0.0000055–$0.0000056. The large circulating supply means burns have limited short-term impact, while liquidations of $285,000 in mostly long positions intensified selling pressure. This shows that short-term SHIB price moves remain sensitive to market demand and trader positioning rather than token scarcity alone.
Shiba Inu (SHIB) has a market cap of Rp57.1 trillion and a circulating supply of 589.2 trillion tokens as of Oct 08, 2026 00:02 WIB on Pluang. Despite the token burns mentioned, SHIB's price on Pluang is down 7.40% at Rp0.0966, with a 24-hour trading volume of Rp1.65 trillion. The platform shows a selling bias with 66% of orders to sell and a typical hold time of 106 days, indicating cautious investor sentiment.
Shiba Inu (SHIB) fell 5.72% within 24 hours to about $0.00000545, reversing gains near $0.00000625 and approaching critical technical support at $0.00000530. The token's trading volume surged 199% to $101 million following its listing on Solana via S...
Shiba Inu (SHIB) formed a rare Golden Cross on its daily chart, signaling a potential bullish trend for the first time since November 2024. However, this technical breakout quickly met heavy selling pressure, causing a 5.72% price drop and triggering...
Shiba Inu (SHIB) experienced positive net inflows in longer intraday spot markets, with an eight-hour inflow increase of over 440% and a 24-hour net inflow of about $613,500. However, shorter-term spot flows and most futures flows were negative, indi...
Shiba Inu (SHIB) has experienced a significant 440% increase in long-term spot market inflows, signaling renewed capital interest. However, short-term spot flows and futures market data show negative trends, with recent outflows and weakening support...
Shiba Inu's price fell 4.79% to $0.00000557, showing a sharper decline than Bitcoin and other major coins due to thin market liquidity and low trading volume relative to its market cap. The coin is testing a critical support level at $0.0000055, with...
