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Author: Admin | 2025-04-28
Since Shiba Inu's launch in 2020, more than 410 trillion SHIB tokens have been burned, representing about 41% of the token's total supply. As of January 2025, the total value of all burned SHIB is more than $4.5 billion.Shiba Inu is the second most valuable meme coin by market cap, second only to Dogecoin. Launched only in 2020, the token has seen its popularity and value soar. SHIB is known for its high supply, which started at one quadrillion tokens. Over the years, that supply has gradually reduced due to the Shiba Inu coin burn. In three years, more than 410 trillion tokens have been burnt. However, there is still a lot more burning left to do if the value of Shiba Inu is ever to reach $1 or even $0.01.In this article, we discuss everything you need to know about the Shiba Inu coin burn rate and other details.Key highlights: The largest ever Shiba Inu burn was made by Ethereum inventor Vitalik Buterin, who was gifted a large number of SHIB when the project launched. 70% of the base transaction fees paid on the Shibarium layer 2 network are used to burn SHIB. The Shiba Inu community is hoping that burning SHIB tokens will eventually result in a higher SHIB price. There are three main addresses used to burn SHIB tokens.What does it mean when Shiba Inu is burned?Shiba Inu coin burning describes how the supply of the token reduces. Coin burning is a common practice among several crypto projects that want to become deflationary. It is the process of removing tokens from circulation. In order to do this, the project usually has burner addresses where the coins cannot be retrieved. The burner addresses are also sometimes called dead wallets.Unlike the regular wallets that people use to send and receive crypto assets, nobody knows the private key of a burn address. This means that any cryptocurrency that’s sent to a burn address is stuck there forever.Anyone can burn a cryptocurrency by sending it to a burn address. But it is not something a regular holder would want to do because it means losing money. Most times, the project's developers decide to burn the token so that the supply can drop. For Shiba Inu, burning SHIB was a collective decision by the community and developers.Several projects have initiated coin burning since it became popular in 2017. This includes Ethereum, BNB, Terra Classic, and many others. Still, Shiba Inu coin burning is one of the most popular in the crypto space.Shibarium and automatic SHIB burnsManually sending SHIB to the burn address is not the only way that the circulating supply of Shiba Inu is decreased. Shibarium, a layer 2 network for
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