Shibarium Burn Poll Sees 120k BONE Votes as SHIB Burn Rate Falls 95%
The Shibarium burn poll on the Shiba Inu website has attracted over 120,000 BONE tokens in voting, demonstrating strong community engagement in deciding future tokenomics. Voters can choose from burning only SHIB, various SHIB-BONE splits, or a conditional burn based on BONE’s price. The leading option, backed by 103,793 BONE votes, calls for burning BONE when its price is ≤ $2 and SHIB when BONE exceeds $2. Other tallies include 17,108 BONE for a 50/50 SHIB-BONE split and 756.7 BONE for burning SHIB only. Meanwhile, SHIB burn rates have plunged 95.08% daily and 70.78% weekly, with just 313,491 SHIB tokens destroyed in 24 hours and 34.5 million in a week. Despite the slowdown, over 410 trillion SHIB tokens—nearly half of the initial supply—have been burned to date. The shift in SHIB burn rate reflects evolving supply management strategies and highlights the growing influence of community governance led by figures like Shytoshi Kusama and developer Kaal Dhairya.
Neutral
The sharp 95% drop in SHIB burn rate reduces deflationary pressure, which may limit upward price momentum in the short term. However, the active Shibarium burn poll demonstrates strong community governance and could enhance long-term credibility. Similar shifts in burn policies previously led to temporary volatility but did not derail Shiba Inu’s broader ecosystem growth. As the poll outcome finalizes, traders will monitor conditional burn mechanisms and community alignment before taking decisive positions.