As of June 2, 2025, approximately 41.05% of the total Shiba Inu (SHIB) token supply has been burned, equating to over 410 trillion SHIB tokens permanently removed from circulation .
š„ Key Burn Milestones-
Initial Burn by Vitalik Buterin: In 2021, Ethereum co-founder Vitalik Buterin burned around 410 trillion SHIB tokens, significantly reducing the supply .
2024 Community Burns: Throughout 2024, the SHIB community burned approximately 44.62 billion tokens, valued at over $1 million .
January 2025 Milestone: On January 30, 2025, the Shiba Inu Core Team burned 1 billion SHIB tokens to mark the launch of the enhanced burn portal, ShibTorch V2 .
āļø Burn Mechanism Enhancements
Shibarium Integration: Shiba Inu's Layer-2 blockchain, Shibarium, automates token burns through its transaction fee mechanism. Over 1.1 billion SHIB tokens were burned in the past week alone via this method.
š Current SHIB Price
As of now, Shiba Inu (SHIB) is trading at approximately $0.00001279 USD. The price has seen a slight increase of 0.00235% from the previous close. The intraday high is $0.00001303 USD, and the intraday low is $0.00001264 USD.
The ongoing burn initiatives aim to reduce the circulating supply of SHIB, potentially increasing its scarcity and value over time.
While the aggressive burn strategy aims to reduce SHIB's supply, reaching significant price milestones like $0.01 would require burning approximately 99.9987% of the total supply. At the current burn rate, this process could take over 3,000 years, highlighting the need for accelerated burn mechanisms or alternative strategies to achieve such ambitious targets.
