Shiba Inu ($SHIB) Weekly Burn Rate Drops 82%: Is the Whale Rotation to PEPE Permanent?
As the 2026 meme coin frenzy intensifies, Shiba Inu (SHIB) is struggling to keep pace with the triple-digit gains seen in newer assets. Today’s on-chain report highlights a cooling period for the SHIB ecosystem.
The Multi-Chain Rotation:
According to recent analytics, "Smart Money" is shifting focus. While SHIB recorded only a 111% growth in whale transfers this week, $FLOKI (on Ethereum) surged by 950%, and $PEPE added nearly $3 billion to its market cap in a matter of days.
Why the Burn Rate is Falling:
The 82% weekly drop in burn rate is primarily due to a decrease in retail on-chain activity. Without the high-volume speculative trading seen in late December 2025, the automated burn mechanisms associated with network usage have slowed to a crawl.
Technical Outlook: $SHIB has erased its early 2026 gains, returning to pre-holiday support levels. The token needs to reclaim the $0.0000091 resistance to invalidate the current bearish divergence and prevent a further slide toward $0.0000078.