Shiba Inu has produced mixed on-chain signals over the past 24 hours, with burn activity slowing sharply while SHIB's price recovered from its August lows.
According to data from Shibburn, SHIB burn activity fell 73.89% over 24 hours, with only 3.64 million SHIB removed during the period. Weekly burns also declined by 23.66% to 38.28 million SHIB. The latest hourly burn involved just 218,192 SHIB worth about $1 in a single transaction.
At the same time, SHIB rebounded 3.17% to trade around $0.00000457. Market capitalization increased 3.14% to $2.69 billion, ranking the token No. 35, while 24-hour trading volume reached $85.33 million. Circulating supply stood at 585.65 trillion SHIB, with total supply at 589.16 trillion SHIB.
Price action shows SHIB fell toward the $0.00000430-$0.00000440 support zone between August 12 and August 14, following repeated failures around $0.00000500 earlier in August. The token has since recovered toward $0.00000457. The 14-period RSI currently stands at 53.26, above its average near 48.74, while the MACD has turned mildly positive. A sustained move above $0.00000500 with stronger volume could expose $0.00000550-$0.00000570, while a drop below $0.00000430 could trigger another decline.
Separate exchange data highlighted a measured netflow shift of about 1.2 billion SHIB, with the exchange netflow metric at 62.15 billion SHIB and a 1.27% change over 24 hours. That amount remains insignificant relative to Shiba Inu's total supply of roughly 999.98 trillion tokens and exchange reserves of about 87.33 trillion SHIB. Exchange reserves grew by about 0.07% over the day, while the seven-day moving average of mean exchange inflows increased 4.16%, potentially adding sell-side liquidity.
Network activity showed marginal improvement: active sending addresses rose about 1%, total transactions increased 1.1%, and mean transfers grew about 1.12%. Despite these positive developments, SHIB still trades below longer-term moving averages, and momentum remains neutral-bearish without consistent spot demand.
