Shiba Inu (CRYPTO: SHIB) 24-hour burns crashed 75% after spiking to 33 million tokens on April 4, yet 68% of the largest Binance whales remain long with a 2.12 long/short ratio.
The Burn Spike And Crash
The 7-day burn chart shows a massive spike on April 4, peaking near 33 million tokens burned in a single day—the highest burn activity seen in this entire window.
The weekly burn rate is up 89.36%, a significant acceleration.
However, the 24-hour burn has since dropped 74.99%, meaning that the April 4 spike was an isolated event rather than a sustained campaign.
Consistent daily burns in the tens of millions—maintained over weeks—would start to matter for supply dynamics. One spike …