Shiba Inu has burned 51 million tokens: What does this mean for the price of SHIB in 2025?
Shiba Inu, a famous meme coin, has recently burned 51.5 million tokens, according to a report from Shibburn.com. This deflationary move is part of an ongoing strategy to reduce the circulating supply of $SHIB — but does this burn hold the key to a significant price surge for SHIB in the near future?
While this burn marks another step forward in Shiba Inu's deflationary efforts, the total value of the tokens burned is quite small, reaching only $1,030.45 at current prices. In the context of Shiba Inu's massive market capitalization of about $12.9 billion, this burn has minimal immediate impact on the price of the coin. Token burning is a well-established strategy in the cryptocurrency world aimed at reducing supply and theoretically increasing value by enhancing scarcity. However, the scale of this burn suggests that any noticeable impact on the price of $SHIB in the short term is unlikely.
Although the scale of this token burn is relatively modest, there may still be other factors driving the long-term growth of Shiba Inu. As we look forward to 2025, Shiba Inu's deflationary model, along with broader market trends and community support, could lead to a more significant increase in value. Stay tuned for further developments as the Shiba Inu ecosystem evolves.
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