$SHIB
🚨Is the Coin Burn Actually Working?🚨
More than 600 million SHIB tokens were burned in a single day, a number that would have made headlines a year ago. But now, it’s part of a bigger shift. The burn rate shot up by over 16,000 percent, largely due to one anonymous wallet sending 600 million tokens into the void.
That’s not just a one-off stunt. Shiba Inu’s burn mechanism through Shibarium is actively linking transaction volume with deflation. The more the network is used, the more tokens disappear. Supply is getting squeezed, and the chart is not yet reflecting the full impact of this.
Burning tokens permanently reduces the total supply in circulation, and in theory, that should increase the value of the remaining coins—assuming demand stays the same or grows. In SHIB’s case, the latest burn wiped out over 600 million tokens in one day, which is a substantial hit to supply.
But the price has not jumped because burns alone do not guarantee a price move. The market still needs strong buying interest, volume, and broader momentum.
What the burn does achieve, though, is shift the long-term dynamics. It sets a floor under the price by gradually tightening supply, especially as the Shibarium network continues linking transaction activity to automatic burns. If SHIB holds its user base and grows network usage, these regular burns will eventually apply pressure that favors price appreciation.