The project has already eliminated a massive 410 trillion SHIB tokens. This represents 41% of the token’s total supply since its 2020 launch. The total value of burned SHIB tokens is a big deal as it means that $4.5 billion worth of coins are gone as of January 2025.
The Shiba Inu burn experience has shown great results. The Shibarium layer 2 network burned more than 50 billion SHIB through transaction fees. On top of that, the burn rate picked up speed after Ethereum’s inventor Vitalik Buterin made history. He burned 41% of the supply in June 2021, making it the largest single burn that ever spread through the network. We have a long way to go, but we can build on this progress. The community needs to burn about 588.5 trillion more tokens to reach $1 at a $500 billion market cap. This equals 99% of the remaining supply.
Shiba Inu initiates massive token burns
Token burning shapes the Shiba Inu ecosystem and changes how the cryptocurrency operates. The Shiba Inu burn process removes tokens from circulation permanently instead of moving them between wallets.
What is a SHIB burn and how does it work?
SHIB burn mechanism sends tokens to special addresses that become inaccessible permanently. These tokens leave the circulating supply forever. Both manual and automated methods make this process work. Individual users and organizations send SHIB voluntarily to designated burn addresses through manual burns. Shibarium, Shiba Inu’s layer-2 network, burns tokens systematically during transactions through automated burns.
Shibarium locks the base gas fee in a burn contract while validators receive priority fees during transactions. The system transfers BONE tokens (Shibarium’s gas token) to Ethereum after enough accumulation. These tokens convert to SHIB and burn afterward.
Why burning tokens reduces supply
SHIB burning creates these positive effects in the ecosystem:
Creates scarcity: Remaining SHIB becomes more valuable as available tokens decrease
Controls inflation: The massive supply stays in check through regular burns
Stabilizes price: Monthly closing prices increased by 12% on average after major burns
Token burning shows steadfast dedication to sustainability and gives investors confidence in the project’s future. The development team added this deflationary mechanism because the original supply of one quadrillion tokens was too large for practical value growth.
How SHIB burn addresses function
The Ethereum network hosts three main Shiba Inu burn addresses:
- 0xdead00000000000000004206942069420694206 – Ethereum co-founder Vitalik Buterin used this first to burn $6.70 billion worth of SHIB tokens
- 0x000000000000000000000000000000000000dead – The team uses this for ShibaSwap listings
- 0x0000000000000000000000000000000000000000 – The “Black Hole” renames Shiboshi NFTs
Tokens sent to these addresses can never return to circulation. The community-driven ShibBurn platform tracks all burns across these addresses and shows how many Shiba coins will burn.
The project boosted its burning mechanism through ShibTorch, an interactive dashboard that lets the community monitor and start burns. Anyone can trigger burns once BONE accumulates enough, which shows the project’s dedication to community governance.
Shibarium automates SHIB burn process
Shiba Inu achieved a major milestone in August 2024. The platform launched an automated burn system through Shibarium. This layer-2 blockchain solution offers a new way to reduce SHIB’s massive supply through a clear and organized process.
How Shibarium burns SHIB through transaction fees
The burn mechanism in Shibarium works with network transaction fees. Each transaction splits fees into two main parts:
Base fees: The system burns 70% of these fees as SHIB tokens. The remaining 30% helps maintain and grow the platform.
Priority fees: Network validators receive these fees directly to secure the system.
This creates a lasting burn process that runs whenever people use the network. More SHIB tokens will burn over time as developers build new applications and user activity grows on Shibarium.
What triggers an automatic burn on Shibarium
ShibTorch, implemented through a hard fork on August 9, 2024, powers the burn process on Shibarium. The system works like this:
- A dedicated burn contract on Shibarium collects base fees as BONE tokens (Shibarium’s gas token).
- Community members can start the burn process once the contract reaches a set amount (usually 1,000 BONE).
- The system then moves the collected BONE to Ethereum’s mainnet. It exchanges these for SHIB tokens and removes them permanently by sending them to a dead wallet.
This community-driven approach lets any member trigger burns when enough BONE builds up.
How much SHIB has been burned via Shibarium
Shibarium has already made its mark in reducing SHIB’s supply. Recent data shows the platform has burned about 56 billion SHIB tokens through six transactions. The ShibTorch platform has removed another 881,353,310 SHIB tokens from circulation.
Shibarium burns make up a small but growing part of the 410.74 trillion SHIB tokens removed forever. These numbers should keep climbing as the Shibarium ecosystem grows. This could make a bigger difference in SHIB’s total supply and value.
Community and developer efforts accelerate SHIB burn
The Shiba Inu community takes an active role in reducing their cryptocurrency’s massive supply through coordinated initiatives and high-profile actions, beyond just automated processes.
Vitalik Buterin’s historic SHIB burn
Ethereum co-founder Vitalik Buterin created the most important burn event by permanently removing 410 trillion SHIB tokens worth approximately $6.7 billion in May 2021. This historic action eliminated about 41% of the total SHIB supply with a single transaction. Buterin, who received half of all SHIB tokens without asking, said he “didn’t want to be a locus of power of that kind”. He donated the remaining 10% to COVID-19 relief organizations. The token’s price jumped over 40% after this unprecedented event, making burning a core strategy for the project.
Shiba Inu burn portal and user incentives
Developers launched SHIB’s official burn portal through collaboration with the RYOSHI token in April 2022. Users get rewarded for token destruction in two ways:
- Burning SHIB earns them “burntSHIB” tokens
- These burntSHIB tokens generate RYOSHI rewards passively
The portal eliminated over 8 billion SHIB in its first 24 hours. It uses three main addresses including Buterin’s original burn address and Ethereum’s “black hole” address. The Shiba team took control of the portal and integrated it into ShibaSwap to make the process smoother.
Play-to-burn games and third-party initiatives
Gaming applications have emerged as the newest frontier in SHIB burning. Shiba Eternity’s card game added a competitive “Duel Mode” where players battle for rewards while helping burn tokens. Each 100,000 SHIB contest pool splits as follows:
- Winner receives 80,000 SHIB
- 10,000 SHIB gets burned permanently
- Platform development gets 10,000 SHIB
The initiative could burn approximately 10 billion SHIB daily if it reaches its goal of 1 million duels. Other projects have joined the burning effort. WoofSwap created FEED, a token that burns SHIB using gas fees, while Wolf AI plans to burn trillions of tokens. These combined initiatives, along with individual efforts, have permanently removed over 410.74 trillion SHIB tokens from circulation.
How much Shiba Inu has been burned so far?
SHIB’s burn tracking data shows some mind-blowing numbers. Billions of tokens keep getting burned, and the community watches the steady decrease in supply with great interest.
Total SHIB burned to date
The numbers show that 410.74 trillion SHIB tokens have been burned forever. This means all but one of these tokens from the original supply of one quadrillion are gone. The value of these burned tokens has reached $4.50 billion as of January 2025.
These tokens get destroyed through three special addresses:
- Two “dead wallets” that no one can access
- The Ethereum “Genesis address” (also known as the “Black Hole”)
This massive token reduction has changed SHIB’s economics, leaving about 583-589 trillion tokens in circulation.
Monthly and yearly burn trends
Daily burn rates have shown some wild swings lately. The burn rate jumped by an incredible 3,277% in just 24 hours, taking out 28.6 million tokens. Another day saw a 65% increase that burned 17.72 million tokens.
The weekly numbers look just as impressive. The community burned 142.6 million tokens in one week, which was 104.28% more than usual. The total for 2023 reached 76.4 billion SHIB tokens burned.
April 2025 has been particularly hot for burns:
- A single event burned 280.09 million SHIB tokens
- This caused a massive 37,937% spike in the burn rate
How much more SHIB needs to be burned to affect price
We have a long way to go, but we can build on this progress to reach significant price changes. SHIB needs much more burning to hit just $0.01. At the current pace, it might take between 24 to 7,000 years to reach $1.00.
The math suggests that burning 1 trillion SHIB daily could boost the price by 167% in a year if the market cap stays the same. The community needs to burn about 99% of the remaining supply to create real scarcity. This challenge presents both risks and opportunities for SHIB’s future.
Conclusion
Shiba Inu’s burn experience ranks among cryptocurrency’s most ambitious supply reduction efforts. The elimination of 410.74 trillion tokens shows remarkable progress, especially with Vitalik Buterin’s historic burn and Shibarium’s automated mechanism. The road ahead looks challenging. SHIB needs to eliminate about 99% of its remaining supply to hit the $1 mark, even after burning tokens worth over $4.5 billion.
The Shiba Inu community shows steadfast dedication through various burn channels. Supply reduction happens steadily through manual burns, Shibarium’s automated fees, gaming initiatives, and third-party projects. Current burn rates point to a timeline that could span decades or even centuries before prices see substantial changes.
SHIB’s success depends on faster burn rates and expanded utility. The team’s work on ShibTorch and its integration with ShibaSwap points in the right direction. Mathematical realities suggest long timelines, but the community’s enthusiasm stays strong. This project started as a “meme coin” and changed into a serious venture with complex tokenomics and a worldwide following. The number of Shiba coins that will burn continues to spark curiosity and state-of-the-art solutions in this unique ecosystem.
