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

Shiba Inu Price Plunges Amid Woofswap Token Burns

Guavy AI Editorial Team
Instruments
ETH SHIB
Share

Shiba Inu's price has been under pressure following an intraday loss of 8.63%, trading at $0.0000047 below its key moving averages.

The recent launch of Woofswap DEX v3 on Ethereum, which paired new tokens exclusively with SHIB, contributed to a surge in SHIB token burns, with over 1 trillion tokens taken out of circulation over two days.

This scarcity effect intensified trading flows and led to 52 large whale transactions, the most since March 31, as major holders moved to realize profits into the rally.

More on Crypto

Crypto 1m ago

Coinbase Faces Leadership Change Amid Ongoing Crypto Regulation Debates

Crypto 1m ago

Mysterious Investor Snaps Up $50 Million Worth of Ethereum Near $2,000

Crypto 1m ago

Bitcoin Slumps on Rate Hike Fears Amid Fed Decision Looming

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. 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

Real-time 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