Shiba Inu Burns 41% Supply in 5th Anniversary Deflation Push
Shiba Inu (SHIB) marked its fifth anniversary with a landmark deflationary token burn push, burning over 410 trillion tokens—41% of its initial 1 quadrillion supply—including Vitalik Buterin’s 2021 removal of 410T SHIB. Data from Shibburn shows a recent 5,809% surge in burn rate (up 1,720% weekly), despite a broader market downturn and price dip. Community-led token burn campaigns and ecosystem upgrades—from ShibaSwap DEX and Shiba Eternity game to the Shibarium Layer-2 chain—aim to tighten supply, boost scarcity and foster long-term value. Growing long-term holder ratios and active burn events underscore robust ecosystem support. Crypto traders should monitor ongoing supply contractions and platform utility expansions as potential bullish indicators for Shiba Inu’s price trajectory.
Bullish
The substantial token burn—over 410 trillion SHIB, representing 41% of initial supply—combined with a 5,809% surge in burn rates signals a robust deflationary strategy likely to tighten circulating supply and enhance scarcity. Historical trends suggest that aggressive token burns and rising long-term holder ratios can drive positive price momentum. Additionally, ecosystem expansions like ShibaSwap, Shiba Eternity and Shibarium layer-2 boost real-world utility, supporting sustainable demand. While short-term volatility may persist amid broader market downturns, the ongoing supply contractions and growing platform utility position SHIB for potential upside, justifying a bullish outlook.