Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Shiba Inu Burn Rate Dives 91.31% as Price Momentum Falters

Guavy AI Editorial Team
Instruments
SHIB
Share

The daily burn rate of Shiba Inu (SHIB) plummeted to 91.31% on September 28, marking a significant decline in price momentum.

On that day, SHIB's price briefly dipped to $0.00000598 before closing at around $0.00000566.

The massive supply of hundreds of trillions of tokens may be contributing to the limited impact of daily burn rates on prices.

If sales pressure continues, analysts predict a possible return to the $0.0000051-$0.0000052 range.

More on Crypto

Crypto just now

Gold Crashes 3.4% as Bond Yields Soar, Bitcoin at Risk

Crypto just now

Bitcoin Stuck Near $83,000 as Strong ETF Inflows Meet Rising Yields

Crypto 1m ago

Top Crypto Casinos Emerge with Unique Features in 2026

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy