There are a couple of ways SHIB tokens are burned, some of which you can participate in.
- A portion of the base transaction fee for transactions on the Shibarium Layer-2 network is used to burn SHIB tokens automatically. This creates a continuous and sustainable reduction in supply as long as the network remains active.
- ShibaSwap Burn Portal (Shib Torch): This platform allows users to voluntarily send SHIB to a designated burn address, effectively taking tokens out of circulation according to OneSafe. In return for participating, users might receive rewards in other tokens.
- Community Initiatives: The Shiba Inu community organizes various campaigns and events to encourage manual token burning. These can range from social media challenges to initiatives that dedicate a portion of transaction fees to burning mechanisms.
Important to note: When you burn SHIB, the tokens are sent to a burn address, which is a wallet without a private key, making them permanently inaccessible and effectively removing them from circulation. You can track the amount of SHIB that has been burned through the official Shibburn burn tracker and other similar sites.
How long does it take for a Shiba Inu to burn to $1?
From my experience, It would take 28,882 years to burn enough tokens to warrant a price of $1 at the current pace. That’s a long time to wait to make no money! In summary, reaching $1 is completely out of the question for Shiba Inu in 2025.
Will they ever burn Shiba Inu coins?
For Shiba Inu, token burning is a critical part of its economic model. With an initial total supply of 1 quadrillion tokens, SHIB’s massive supply has been a point of concern for investors. Token burning aims to address this by gradually reducing the supply, making SHIB more scarce and potentially more valuable.
How much shiba inu coin will be burned?
The block explorer Etherscan shows that the same wallet burned 1 billion SHIB on March 15, 2025, 1 billion SHIB on August 7, 2024, and 700 million SHIB on February 10, 2024. It still retains 1 billion SHIB, valued at approximately $13,050.
Can shiba reach $1 cent with burns?
Great question! To hit 1 cent, Shiba Inu would need to either reduce its total supply through coin burns or experience a massive surge in demand. If enough coins are burned over time and new projects in the Shiba ecosystem gain traction, the chance of reaching 1 cent becomes more realistic. However, it will still take a long time.