Shiba Inu Burns Crash 75% In 24 Hours: What Is Going On?

Benzinga_recent_news

04/07

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 7-day burn chart ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShiba Inu Burns Crash 75% In 24 Hours: What Is Going On?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga_recent_news</strong><span class=\"h-time small\">2026-04-07 23:10</span>\n</p>\n</h4>\n</header>\n<article>\n<div>\n<p>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.\nThe 7-day burn chart ...</p>\n\n<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/04/51683159/shiba-inu-burns-crash-75-in-24-hours-what-is-going-on\">网页链接</a>\n\n</div>\n\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.benzinga.com/crypto/cryptocurrency/26/04/51683159/shiba-inu-burns-crash-75-in-24-hours-what-is-going-on\">Benzinga_recent_news</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"資產管理與託管銀行","start_time":0,"source_url":"https://www.benzinga.com/crypto/cryptocurrency/26/04/51683159/shiba-inu-burns-crash-75-in-24-hours-what-is-going-on","article_id":"2625954827","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/04/07/Kaufbeuren--Germany---December-04--2021-.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/crypto/cryptocurrency/26/04/51683159/shiba-inu-burns-crash-75-in-24-hours-what-is-going-on","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2625954827","pubTimestamp":1775574600,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"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","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","SAR":"Saratoga Investment Corp"},"translate_title":"柴犬在24小时内烧伤了75%：这是怎么回事？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAR":1},"content_text":"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.\nThe 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. \nThe weekly burn rate is up 89.36%, a significant acceleration.\nHowever, the 24-hour burn has since dropped 74.99%, meaning that the April 4 spike was an isolated event rather than a sustained campaign. \nConsistent daily burns in the tens of millions—maintained over weeks—would start to matter for supply dynamics. One spike doesn’t move the needle on a supply measured in quadrillions.\nData from Binance’s Top Trader Long/Short Ratio by positions shows a ratio of 2.12, meaning for every $1 short position, there is a $2.12 long position among the largest accounts. 68% of the largest Binance whales are long on SHIB.\nThese Binance whales are looking beyond the current shaky price and focusing on the risk-to-reward ratio. \nSHIB is the largest meme coin on Ethereum, and the top 20% traders on Binance might be seeing it as a beta play when Ether starts to recover.\nThe price chart remains firmly bearish. The descending channel from September 2025 has been respected without a single meaningful breakout attempt. \nAll four EMAs—20 at $0.00000591, 50 at $0.00000607, 100 at $0.00000669, and 200 at $0.00000809—sit above price in full bearish alignment.\nThe Parabolic SAR at $0.00000622 adds another layer of overhead resistance right above current price. Until SHIB clears at least the 20 EMA, any talk of recovery is premature.\nKey support sits at $0.00000550 with $0.00000500 below that. Resistance clusters at $0.00000622 (SAR), then $0.00000669 (100 EMA).\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}