Crypto loves headlines that scream big numbers. And Shiba Inu just delivered one: a 10,021% explosion in burn rate. Over 7 million $SHIB tokens were destroyed in just 24 hours, and the weekly tally has crossed 9 million more than double the previous week.

It sounds huge. But here’s the truth: with 589 trillion tokens still in circulation, these burns barely scratch the surface. That’s why, even with the flames roaring on-chain, the price chart tells another story

The Disconnect Is Real

Shiba Inu is sitting at $0.0000118, down around 9% for the week. After topping out at $0.0000148 earlier this month, the token slipped to as low as $0.0000115 before bouncing slightly. September closed in the red, mirroring the weakness we’ve seen across altcoins.

It’s the same problem we’ve seen before: burns create buzz, but they don’t create immediate scarcity at the scale $SHIB needs. And the market? It doesn’t reward hype alone it rewards momentum.

Why October Could Be Different?

Here’s where the real story begins. October isn’t just another month in crypto it’s Uptober. Historically, Bitcoin and altcoins have delivered some of their strongest moves in October. And SHIB has shown it loves Q4 comebacks.

On top of that, the macro setup is quietly shifting:

The Fed is leaning dovish. Another rate cut in October could open the floodgates for risk assets. Lower rates = more liquidity, and liquidity is the lifeblood of meme coins.

Seasonal strength. SHIB has a track record of surprising late in the year. Traders who dismissed it in September often regret it by December.

If Bitcoin breaks higher, SHIB has the community firepower to ride that wave fast.

My Take Fire or Smoke?

This 10,021% burn spike? It’s a headline. It captures attention, it builds energy. But unless burns scale to billions or trillions consistently, they won’t be the engine that drives SHIB.

What can drive SHIB is a mix of macro tailwinds + seasonal momentum + community hype. If Bitcoin reclaims strength in Uptober, SHIB could easily reclaim lost ground and flip sentiment back to bullish.

The levels I’m watching:

Support: $0.0000115

Resistance: $0.0000148

Break the ceiling, and October could shift from frustration to fireworks for SHIB holders.

Bottom Line:

Burns make noise. Uptober makes moves. If October delivers on history and liquidity, Shiba Inu could turn a forgettable September into the setup for a memorable Q4 run.