Since Shiba Inu's launch in 2020, over 410 trillion SHIB tokens have been burned, representing approximately 41% of its total supply. As of January 2025, the total value of burned SHIB exceeds $4.5 billion.
Shiba Inu (SHIB) ranks as the second most valuable meme coin by market cap, trailing only Dogecoin. Launched in 2020, SHIB quickly gained popularity due to its high initial supply of one quadrillion tokens. Through strategic burns, the community and developers have reduced this supply significantly, though achieving price targets like $0.01 or $1 remains a long-term challenge.
Key Highlights
- Largest Burn: Ethereum inventor Vitalik Buterin burned 41% of SHIB's initial supply in 2021.
- Shibarium Burns: 70% of base transaction fees on Shibarium (SHIB's Layer 2 network) are allocated to burning SHIB.
- Community Efforts: Decentralized initiatives like NFT games and ad-funded projects contribute to ongoing burns.
- Burn Addresses: Three primary addresses permanently remove SHIB from circulation.
What Is Shiba Inu Coin Burning?
Coin burning is a deflationary mechanism where tokens are sent to inaccessible "dead wallets," permanently reducing supply. For SHIB, this process aims to:
- Increase scarcity and potential value.
- Align with community-driven governance.
- Mimic successful burns by projects like Ethereum and BNB.
👉 Learn how Shibarium automates SHIB burns
Shibarium’s Role in SHIB Burns
Launched in 2023, Shibarium streamlines burns:
- Fee Structure: 70% of base fees are burned; 30% maintains the network.
- BONE Accumulation: Fees convert to BONE, which is swapped for SHIB and burned once $25,000 accumulates.
- Scalability: Burn rates scale with transaction volume—higher adoption could accelerate supply reduction.
Why Burn SHIB Tokens?
SHIB’s initial quadrillion-supply necessitated burns to:
- Counter Inflation: Prevent excessive dilution of value.
- Fuel Speculation: Community optimism links burns to future price surges.
- Realistic Targets: A $1 SHIB would require a market cap exceeding global GDP—burning makes smaller milestones (e.g., $0.01) more achievable.
SHIB Burn History
Major Milestones:
- June 2021: Vitalik Buterin burned 410 trillion SHIB.
- April 2022: Shiba Inu launched its burn portal.
- 2023–2025: Community-driven burns (e.g., 26.5 million SHIB burned weekly).
👉 Track live SHIB burn metrics
Active Burn Addresses
Tokens sent to these addresses are irrecoverable:
- Address 1: Used by Vitalik Buterin (41% supply burn).
- Address 2: ShibaSwap listings and team burns.
- Address 3: "Black Hole" for additional burns.
Current SHIB Supply Distribution
| Category | Amount (Tokens) |
|---|---|
| Circulating SHIB | 584,253,881,394,850 |
| Staked SHIB | 5,002,945,456,086 |
| Burned SHIB | 410,725,513,269,021 |
FAQs
Q: How does burning SHIB increase its value?
A: By reducing supply, burns create scarcity—potentially raising prices if demand remains steady or grows.
Q: Can I participate in SHIB burns?
A: Yes! Use the Shib burn portal or support community initiatives like Play-to-Burn games.
Q: Will SHIB reach $0.01?
A: It depends on sustained burns, adoption, and market demand. Current burns alone aren’t sufficient.
Q: What’s Shibarium’s impact on burns?
A: It automates burns but requires high transaction volume to significantly reduce supply.
Conclusion
Shiba Inu’s burn mechanism has removed 410 trillion SHIB from circulation, but achieving higher price targets demands continued efforts. While Shibarium and community initiatives bolster deflation, SHIB’s long-term value hinges on broader ecosystem growth and sustained demand.
For real-time updates on SHIB burns, explore our resources 👉 here.