SH
Shiba Inu
SHIB
1 Hour Move
+1.20%
$0.00 → $0.00
Why Shiba Inu is up 1.2% in the last hour
Analysis
Shiba Inu (SHIB) rose about 1.2% over the past hour, likely supported by news of an acceleration in token burning activity. U.Today reported SHIB’s burn rate jumped 434% with millions of tokens destroyed, which can be perceived as a near-term supply-reduction tailwind and boost sentiment.
Contributing Factors (1)
#1
U.Today
21 hours ago
Shiba Inu Burn Rate Rises 434% With Millions of SHIB Torched
Millions of SHIB get sent to dead wallets in hours, pushing burn rate higher by 434.63%.
Confidence
62%
Read source
Move Details
Asset
Shiba Inu
Symbol
SHIB
Direction
↑ Bullish
Timeframe
1 Hour
Start Price
$0.00
End Price
$0.00
Change
+1.20%
Detected
Jun 28, 2026 8:50 AM
Explanation Confidence
62%
Moderate confidence. Multiple factors may be contributing.