SHIB Burn Activity Drops 74% as Token Rebounds Toward $0.00000457

iconCryptofrontnews
Share
This is the logo of the coin.
SHIB
$0.0₅45812.18%
AI summary iconSummary
Whale activity in SHIB has remained subdued as burn activity dropped 73.89% in 24 hours, with only 3.64 million tokens removed from circulation. SHIB rose 3.17% to $0.00000457, with RSI above 50 showing improved momentum. Network activity remains focused on the $0.00000430-$0.00000440 support range, with $0.00000500 as the next resistance.
  • SHIB burns fell 73.89% over 24 hours, with just 3.64 million tokens removed during the period.
  • SHIB recovered 3.17% to around $0.00000457 as RSI moved above 50, signaling improving short-term momentum.
  • The $0.00000430-$0.00000440 zone remains key support, while $0.00000500 represents immediate resistance for SHIB.

Shiba Inu burn activity has slowed as SHIB rebounds toward $0.00000457. According to Shibburn, 218,192 SHIB worth about $1 was removed through one transaction during the latest hour. Meanwhile, SHIB gained 3.17% over 24 hours, while its market capitalization reached $2.69 billion.

SHIB Burn Activity Drops Across Key Periods

Shibburn reported 3.64 million SHIB burned during the past 24 hours. That figure represents a 73.89% decline in burn activity over the period. Weekly activity also fell, with 38.28 million SHIB removed over seven days.

HPv42AMXoAAgncw 1
Source: Shibburn

Shibburn recorded a 23.66% decrease for that period. The latest hourly burn involved just one transaction. Meanwhile, SHIB’s circulating supply stood at 585.65 trillion tokens. Total supply remained at 589.16 trillion SHIB.

The token ranked No. 35 by market capitalization, according to the reported figures. SHIB traded around $0.00000457, while 24-hour trading volume reached $85.33 million. The token’s market capitalization increased 3.14% over 24 hours.

SHIB Rebounds From August Support Zone

Price action shows SHIB falling toward $0.00000430-$0.00000440 between August 12 and 14. The decline followed repeated failures around the $0.00000500 area earlier in August. However, SHIB has since recovered toward $0.00000457.

EliteFXLabs Banner
SHIBUSDT 2026 08 15 11 12 45 1
Source: Santiment

The move follows a broader consolidation period after late-July volatility. SHIB surged above $0.00000550 around July 25-27 before retreating sharply. It then spent much of the following period moving within a wider range.

The $0.00000430-$0.00000440 area currently represents immediate support. Meanwhile, $0.00000500 remains the key resistance level.

RSI and MACD Show Improving Momentum

The 14-period RSI currently stands at 53.26, above its average near 48.74. RSI has also moved above the neutral 50 level without reaching the 70 overbought threshold. The MACD has turned mildly positive as well.

Its histogram stands near 0.00000002, while MACD and signal readings are near 0.00000001 and -0.00000001. Volume currently stands around 381.52 million SHIB. Stronger volume accompanied the late-July breakout and the latest rebound.

A sustained move above $0.00000500 with stronger volume could expose $0.00000550-$0.00000570. Conversely, a drop below $0.00000430 could expose SHIB to another decline.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.