Shiba Inu Burn Rate Surges, Price Flat as Shibarium Looms
Shiba Inu’s token burn rate has seen sharp short-term spikes, first jumping 2,713% with 4.76 million SHIB burned and later surging 674% as over 12 million tokens were destroyed. Despite these bursts, the impact on the roughly 585–589 trillion circulating SHIB remains minimal. The most significant supply cut occurred in 2021 when Vitalik Buterin burned over 410 trillion SHIB. Subsequent community-driven burns have been small, sporadic and largely symbolic, lacking a protocol-level or utility-based mechanism to drive sustained deflation. As a result, SHIB’s price has remained flat around $0.000009–$0.000010. Looking ahead, the upcoming Shibarium Layer-2 scaling solution and Ethereum bridge restart could offer catalysts through faster, cheaper transactions, but broader market sentiment and on-chain utility adoption will ultimately determine long-term price movements.
Neutral
Despite sharp peaks in SHIB’s burn rate—2,713% and later 674%—the amount of tokens destroyed remains negligible relative to the 585–589 trillion circulating supply. Without a protocol-level or utility-based burn mechanism, these community-driven burns have been largely symbolic. Historically, the only meaningful supply reduction was Vitalik Buterin’s 410 trillion SHIB burn in 2021. As a result, SHIB’s price has remained stable, fluctuating around $0.000009–$0.000010. Short-term burn spikes failed to trigger price movements, while long-term upside depends on broader market sentiment, on-chain utility adoption, and developments like the Shibarium Layer-2 solution.