SHIB Burn Activity Rises as the Token Remains Under Pressure
Shiba Inu saw a 49% increase in token burns this week, though the absolute quantities remained modest as the coin traded lower.
Shiba Inu saw a 49% increase in token burns this week, though the absolute quantities remained modest as the coin traded lower. Shiba Inu (SHIB) is trading at $0.00000443. This is an original TLT brief based on reporting by DailyCoin, with live market data added, as of Wed, 11 Nov 2026 08:45:03 UTC.
The larger burn rate signals increased community removal of SHIB from circulation, but the modest scale means it has not yet translated into clear market strength. SHIB remains exposed to the broader downturn as its price declines over one week.
- SHIB burns increased 49% this week
- Absolute burn volumes remained modest
- SHIB fell 4.57% over seven days
- Total crypto market capitalization reached $2.52T
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- SHIB Burn Activity Rises as the Token Remains Under Pressure — this brief
Shiba Inu burns increased 49% this week as part of a broader token-removal campaign, according to DailyCoin. The report said the higher activity was taking place even though the absolute number of tokens burned remained modest. DailyCoin also described SHIB as testing support following a decline in its price.
The burn increase indicates that more SHIB was being removed from circulation than during the preceding comparison reflected in the report’s headline metric. However, no individual burn amount, comparison baseline, transaction count or wallet attribution was provided, making it difficult to assess the campaign’s scale beyond the reported percentage increase.
At the time of the report, SHIB traded at $0.00000443, down 0.60% over 24 hours and 4.57% over seven days. Its market capitalization stood at $2.61B. The token was therefore under continued short-term pressure despite the higher reported burn activity.
The wider crypto market was broadly lower, with total capitalization at $2.52T and 
Bitcoin down 1.10% over 24 hours. The Fear & Greed Index registered 29, placing sentiment in the Fear zone. Attention now centers on whether SHIB’s burn activity can continue rising while the token navigates weak near-term price performance and cautious market sentiment.
Since this brief published about 20 hours ago, Shiba Inu (SHIB) has moved from $0.00000443 to $0.00000443 — +0.00%.
The chart plots SHIB's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SHIB ≈ ₦0.006167 (about $0.00000443), down 0.6% over 24 hours. The naira itself trades about 3.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
SHIB Burn Activity Rises as the Token Remains Under Pressure — questions & answers
How much did SHIB token burns increase?
Burn activity rose 49% this week, according to DailyCoin, although the absolute amount burned remained modest.
What was SHIB’s price and recent performance?
SHIB traded at $0.00000443, down 0.60% over 24 hours and 4.57% over seven days.
What broader market conditions accompanied the burn increase?
Total crypto market capitalization was $2.52T, Bitcoin fell 1.10% over 24 hours, and the Fear & Greed Index stood at 29.
How much is 1 Shiba Inu worth in naira today?
About ₦0.006167 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.00000443. The naira price moves with both SHIB's US-dollar price and the USDT/NGN rate; use our Shiba Inu in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from DailyCoin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.