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Shiba Inu token sees mixed price action amid rising burns and outflows
The Shiba Inu (SHIB) cryptocurrency has been trading around $0.0000046 in late July 2026, holding above its 50‑day and 100‑day moving averages but still below the 200‑day resistance near $0.0000050. After a brief 40 % rally that pushed the price to $0.0000058, sellers forced a pull‑back, leaving the token near $0.0000045‑$0.0000048.
On‑chain activity shows a sharp increase in token burns and exchange outflows. A weekly burn of 2.96 billion SHIB was recorded as the largest of the year, while July 2024 saw 3.25 billion SHIB burned, including 58.7 million in a single day. Exchange outflows jumped about 62 % to roughly 630.8 billion SHIB, and exchange reserves rose to about 87 trillion SHIB.
Institutional interest has grown: Emirates announced that its Crypto.com Pay service will accept SHIB for eligible UAE flight bookings, adding real‑world utility. Rumors of a potential SHIB exchange‑traded fund have circulated, citing possible filings by BlackRock and Fidelity. Whale activity also reached multi‑month highs, supporting the token’s first positive monthly close since April 2024, with price up roughly 11 % for the month.
Entities
Binance · BlackRock · Crypto.com Pay · CryptoQuant · Emirates · Pepeto · Shiba Inu · Shiba Inu (SHIB) token · The Crypto Basic · Vitalik Buterin
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] SHIB price traded near $0.00000462 in late July 2026. cryptonewsland.com · www.tronweekly.com · crypto.news · u.today
- [○ 1 SOURCE] A weekly burn of 2.96 billion SHIB was recorded, the largest of the year. www.criptotendencias.com
- [○ 1 SOURCE] July 2024 saw 3.25 billion SHIB burned, including 58.67 million in the last 24 hours. en.coin-turk.com
- [○ 1 SOURCE] SHIB price rose 11 % in July 2024, its first positive monthly close since April. en.coin-turk.com
- [○ 1 SOURCE] Rumors suggest BlackRock and Fidelity may file for a Shiba Inu exchange‑traded fund.
- [● 2 SOURCES] Exchange reserves rose to about 87 trillion SHIB. u.today
- [● 2 SOURCES] Emirates launched Crypto.com Pay, allowing SHIB payments for eligible UAE flight bookings. www.tronweekly.com
- [● 2 SOURCES] Exchange outflows surged about 62 % to roughly 630.8 billion SHIB. u.today