GLOBAL ONCHAIN SUMMIT IS COMING TO MUMBAI
✕ News Bitcoin Stocks Prediction Markets News Trending ETFs US Iran War Clarity Act Crypto Market Live Updates LIVE TradFi Blockchain Regulation Stablecoin DeFi DATs Tokenization Loading... More News → Markets Price Analysis Price Prediction Crypto Prices Calculator Crypto Stocks Market Brief Prediction Markets Loading... More News → Top Picks Best Crypto Exchanges Best Crypto Cards Prediction Markets Wallets DeFi AI For Businesses Tokenization Platforms Institutional Investors Stablecoin Infrastructure Best DEXs Best Perp DEXs Best Futures Platforms Best No-KYC Exchanges Best Pre-IPO Tokens Platforms Crypto Cards Compare No KYC Crypto Cards Travel Crypto Cards Crypto Card Offers Stablecoin Cards UK Crypto Cards USA Crypto Cards Cashback & Rewards Crypto Cards Best Regulated Prediction Markets in the US Best Crypto Prediction Markets Best Sports Prediction Market Best Leveraged Prediction Market Best Geopolitical Prediction Market Best Prediction Market Tools Best Crypto Wallets Self-Custody Wallets MetaMask Alternatives Best DeFi Platforms Best Crypto Swaps Best DEX Aggregators Best Staking Platforms AI Crypto Wallets AI trading bots Web3 AI Agents Best Payment Gateways Top Audit Firms Best Tax Softwares Best Prop Firms Best Telegram Channels Top Marketing Firms RWA Tokenization Platforms White Label RWA Platform Tokenized Asset Custody Crypto Exchanges For Tokenized RWAs Institutional Crypto Lending Best Tokenized Asset Custody Exchanges For Institutional Investors Best Institutional Crypto Staking Platforms Best Stablecoin Infrastructure Provider Best Stablecoin Orchestration Platforms Best Stablecoin Settlement Platforms Best Crypto Wallet Infrastructure Providers Best Stablecoin APIs Loading... More Top Picks → Enterprise Brand Pulse CXO Stories Opinion Interviews Funding Explorer Tokenization Tracker M&As Startup Product Launch Expansion Loading... Visit Block of Fame: Our B2B Hub → Podcast Review & Rating Exchange Ratings Wallet Ratings Crypto Card Ratings Loading... More Ratings → Research Case Studies Quarterly Reports Deep Dive Reports Loading... Visit Research → Company About Us Editorial Team Editorial Policy Careers Advertise Contact Us Submit PR ABOUT COINGAPE
CoinGape delivers live crypto news, reporting, market analysis, project analysis, listicles, reviews & ratings, combining macro coverage to surface real market signals
More Education Blog Glossary Events Loading... Ecosystem Block of Fame Voice of Web3 Awards BUZZ3 Podcast Ecosystem Block of Fame Voice of Web3 Awards Global OnChain Summit BUZZ3 Global Onchain Summit | Awards Prediction Markets NEW Web3 Projects AEO RWA Discovery Crypto Lawyers EN PT ES DE b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% b btc $83,061 ▲ 0.13% e eth $2,504 ▼ 0.13% b bnb $749 ▼ 0.49% s sol $110 ▼ 0.84% x xrp $1 ▼ 0.68% u usdc $0.9997 ▼ 0.00% a ada $0.2481 ▼ 3.68% d doge $0.0857 ▼ 0.75% Buy Ad Buy on Binance
Ad Home / Price Analysis / Shiba Inu Price Eyes Recovery as Burn Rate Soars 17,134% in 24 Hours Shiba Inu Price Eyes Recovery as Burn Rate Soars 17,134% in 24 Hours 03 Oct, 2026 By Frank bevah Frank bevah
Frankbevah is a senior crypto market analyst and stock Journalist with four years of industry experience. He focuses on in-depth market analysis, emerging trends, and real-time developments across cryptocurrency and equity markets. Read full bio Copied! Why Trust CoinGape CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Highlights
The Shiba Inu burn rate rose 17,134.60% over 24 hours, according to Shibburn’s October 3 dashboard. SHIB traded at $0.00000572, down 2.30%, while its market capitalization fell 2.34% to approximately $3.37 billion
The crypto market declined over the past 24 hours as Bitcoin hovered below $85,000. Ethereum and XRP had minor consolidations where both cryptocurrencies had minor movements throughout the trading period
Shibburn recorded 2,976,589 SHIB burned during the period, with an estimated value of $17. The largest listed transaction involved 2,622,378 tokens from an address the tracker labeled Coinbase
Another transaction involved 179,289 SHIB from an address labeled Robinhood, while a separate wallet burned 174,923 tokens. These transfers occurred between October 2 and October 3, according to the tracker’s transaction records
Weekly burns reached 102,767,542 SHIB, while the 30-day total stood at 421,865,854 tokens. Shibburn valued those amounts at approximately $599 and $2,300, respectively
The total number of SHIB burnt by the tracker in history is 410,844,457,261,735 SHIB, which corresponds to about 410.84 trillion tokens. This is 41.08% of the initial one quadrillion supply, with 58.92% still in circulation
In the past hour, there have been a total of 174,923 $SHIB tokens burned (1 transaction)#shib pic.twitter.com/kQbRuR1qJF
The total supply was around 589.16 trillion SHIB, with about 585.47 trillion tokens in circulation. Shibburn also reported 21,882 burn transactions throughout its burn history. The trading volume increased to $72.75 million per day, ranking SHIB 35th in the cryptocurrency market value list
SHIB was priced around $0.00000574 on October 3, and the most recent 4-hour timeframe candle has increased by 0.35%
Shiba Inu price kept above the support level of $0.00000550 and the support is now in the middle of the immediate technical picture
The token previously tested $0.00000620 before backing off, and rebounds have failed to make any gains to push the token above $0.00000600
The relative strength index was at 49. The overall tone of this reading is broadly neutral with a slight bearish tone
The MACD line was below the signal line, and both were below zero. The little negative histogram bars showed that the downward momentum was still present, but it wasn’t very strong
Based on the marked levels, holding support could allow another attempt toward the first target at $0.000006. A sustained four-hour close above that barrier would bring $0.00000620 into focus as the next potential target for the future SHIB outlook
A four-hour close below $0.00000550 would weaken the recovery setup and expose the earlier support area near $0.000005
Instant Currency Exchange at BestChange with Ease
1. Why did Shiba Inu price fall despite the burn surge?
2. Why can the burn rate rise sharply while the burned amount remains small?
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information
Tom Lee Predicts Ethereum Price Will Surpass $5,000 by Year End
Top Cryptocurrency Market Events To Watch This Week
Circle Stock Forecast Ahead of Tomorrow’s Jobless Claims Report
Cardano Price Outlook Eyes Recovery to $0.30 as Whale Activity Surges
Top Crypto Market Events To Watch This Week: Bullish or Bearish?
1 BTC Welcome Bonus. No KYC to start. → 1 BTC Welcome Bonus. No KYC to start. → Play Now SPIN NOW Win upto $5000 + 100 free spins the 30% Cashback
