Shiba Inu sent 39.23 million SHIB to an inaccessible dead wallet over the past 24 hours, sending its daily burn rate up more than 88 percent.

U.Today, a blockchain outlet, reported on Aug. 23 that the weekly burn pace slowed over the same period, but interest in the SHIB market held as trading support continued to expand in the United States and Japan.

Shibburn data showed a total of 192.84 million SHIB was burned over the past seven days. The weekly burn rate fell 38.86 percent. Over the past 30 days, cumulative burns totalled 3.48 billion SHIB. Out of an initial supply of 1,000 trillion tokens, Shiba Inu has burned a total of 410,843,929,693,979 SHIB through 21,631 transactions so far.

Expansion outside the ecosystem also continued over the past week. U.S. cryptocurrency exchange UEX.US announced it has listed SHIB. This allows users of the exchange to trade SHIB against more than 180 other currencies, use a deposit rewards programme, and buy additional SHIB without selling their holdings up to a maximum loan-to-value ratio of 90 percent.

Trading infrastructure also expanded in Japan. Laser Digital Japan, the Japan unit of Laser Digital, digital assets subsidiary of Nomura, announced on Aug. 22 that it completed registration as a cryptoasset exchange operator under Japan's Funds Settlement Act. The registration is the first new market entry in Japan's cryptoasset industry since 2022.

Shiba Inu's price has entered a support test zone after a short-term surge. SHIB rose 26.4 percent on Aug. 22 to $0.00000622 from $0.00000492, marking its steepest rise so far this summer. The uptrend began from a low of $0.0000044 on Aug. 19. At the time, the market reflected the impact of a sharp rise in government bond yields and moves toward fiscal consolidation, and a large short squeeze later added to broader liquidation of bearish positions.

Technically, SHIB rose for three consecutive trading days and moved above resistance at $0.00000451, its 50-day moving average. It then broke above its 200-day moving average for the first time since mid-September 2025. SHIB climbed as high as $0.00000623 during Aug. 22 trading before hitting resistance and pulling back.

The key level in focus is whether SHIB can hold around $0.00000541. That zone corresponds to the 200-day moving average. As a result, the short-term price path is expected to react more sensitively to post-surge support defence and whether expanded trading support translates into actual liquidity than to the increase in burns.