Dogecoin Sees $18.77 Million Outflow, SHIB Burn Rate Spikes 72%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
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Source: Benzinga
- Dogecoin Outflow Warning: Dogecoin experienced an outflow of $18.77 million yesterday, marking the largest single-day withdrawal in months, despite attempts to increase in price, indicating that institutions are selling while retail buyers cannot absorb the selling pressure, potentially leading to further price declines.
- Price Decline Trend: Dogecoin has fallen 48% from its September peak of $0.27 and is currently trading below all major EMAs, with the 20-day EMA at $0.13968 and the 50-day EMA at $0.14315, reflecting weak market sentiment.
- SHIB Burn Rate Surge: Shiba Inu's burn rate surged by 72.33% in the last 24 hours, burning 3.04 million SHIB tokens; however, despite the reduction in supply, the price continues to drop, indicating that token burns alone do not stimulate buying demand.
- Key Support Level Analysis: Dogecoin's critical support level is at $0.12, tested three times already, and if broken, it could drop further to $0.10-0.11, while SHIB's critical support is at $0.00000754, with a potential breakdown leading to greater downside risk.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
