Shiba Inu is once again demonstrating structural resilience, holding key support levels despite tepid buying momentum. The token climbed toward the $0.00000670 region before sellers capped the advance, but higher lows above the 20, 100, and 200 EMAs continued to reinforce the short-term bullish structure. Crucially, the daily SHIB burn rate surged by 1,034% in the last 24 hours, with over 27 million tokens permanently removed from circulation. This brought the seven-day burn total above 46 million SHIB and the thirty-day figure near 200 million, intensifying the deflationary pressure that has already removed more than 410 trillion SHIB from supply.
This accelerated burn came as exchange reserves continued to shrink, with on-chain data showing more holders moving tokens into private wallets. Large whale transactions added to the sense of long-term positioning rather than immediate selling. The spot exchange flow balance also showed signs of stabilization, shifting from earlier outflow dominance toward equilibrium. Meanwhile, macro sentiment received a boost after the U.S. Senate Banking Committee advanced the bipartisan Clarity Act in a 15-9 vote, signaling a potential shift toward structured crypto regulation. The Shiba Inu ecosystem team separately cautioned users about fake LEASH-related presales, confirming that no private airdrops are active.
