BTC $83,911 
ETH $2,698 
USDT $0.9998 
BNB $769.81 
XRP $1.51 
USDC $0.9999 
SOL $119.75 
TRX $0.3349 
ZEC $1,526 
FIGR_HELOC $1.06Shiba Inu Price Moves After 580% Burn Rate Spike
SHIB reclaimed the $0.000006 level in late September after a sharp jump in token burns, though the burn rate dropped sharply days later.
The short answer
Shiba Inu (SHIB) rose to $0.00000603 on September 26, 2026, after its burn rate jumped 585.54% in 24 hours, with roughly 15 million tokens destroyed. The price later pulled back to $0.000005673 by September 28 as the burn rate fell more than 91% in a day. Analysts note the burn spike is too small to create lasting supply pressure.
What happened
On September 26, 2026, Shiba Inu (SHIB) price rose to $0.00000603, a 3.18% gain over 24 hours, as traders tracked a reported jump in token burns. The move extended SHIB's weekly recovery, with gains reaching 7.54% to push the price back above the $0.000006 level. Data from Shibburn showed the SHIB burn rate climbed 585.54% in the 24 hours ending September 26, with roughly 15 million tokens destroyed, worth approximately $89.
Why it matters
While the burn rate spike drew market attention, the 15 million tokens burned are a small share of the roughly 585 trillion SHIB in circulation. As of late September, roughly 410.84 trillion SHIB have been destroyed across 21,870 burn transactions, equal to 41% of the original one quadrillion token supply. Market commentary notes a single day's burn rate rise does not necessarily indicate permanent changes to market demand or supply pressure, and trading activity and future burn rates will help determine if the spike is sustained.
What is still unclear
- Whether the sharp drop in SHIB burn rate on September 28, which fell 91.31% to roughly 338,050 tokens burned in 24 hours, will continue is unconfirmed.
- It is also unclear if SHIB can sustain its recovery above $0.000006, as the token previously rejected at the $0.00000620 resistance level earlier in the week.
Questions readers ask
What caused the late September SHIB burn rate spike?
The SHIB burn rate climbed 585.54% in the 24 hours ending September 26, 2026, per Shibburn data, with roughly 15 million tokens destroyed. The rate dropped 91.31% the following day to roughly 338,050 tokens burned.
How many SHIB tokens have been burned in total?
As of late September 2026, roughly 410.84 trillion SHIB have been destroyed across 21,870 burn transactions, equal to 41% of the original one quadrillion token supply.
What is the nearest SHIB price support level?
If SHIB's recovery stalls, the nearest marked support level is $0.00000550, per technical analysis from late September. A break below that level would put lower September price levels back in view.
