The popular Shibburn tracking service has revealed staggering data for the year 2024, reporting that 44,623,604,014 SHIB were burned and permanently removed from circulation. Despite the concerted efforts of the Shiba Inu community and developers, reactions to this achievement remain mixed, with many calling for even greater burns in the coming years.
Breaking Down the SHIB Burn Numbers
In 2024, 44.6 billion SHIB—equivalent to $928,170—were sent to "inferno" wallets, effectively reducing the token supply. While the burns are noteworthy, some in the community expressed disappointment, urging a more aggressive approach. Comments from SHIB enthusiasts included calls to double or triple burns in the future, with some even suggesting a target of burning 1 trillion SHIB per year to make a significant dent in the circulating supply.
Shibarium: The Game-Changer for SHIB Burns
The launch of Shibarium, Shiba Inu’s Layer-2 blockchain, brought innovation to the SHIB ecosystem. Shibarium introduced an automated SHIB burn mechanism, where transaction fees are converted from BONE tokens to SHIB and then burned. On average, 300,000 SHIB are burned monthly through this mechanism alone. While these numbers are a step forward, the SHIB community has high hopes for the scalability of this process in the coming years.
Adding to the burn initiative, several billion SHIB were also destroyed by founders of other meme coins who pledged their support to accelerate
December’s SHIB Burn Highlights
In December 2024 alone, the SHIB community successfully burned 2.67 billion SHIB through 143 transactions, setting an impressive monthly milestone. However, the burn numbers have highlighted the need for sustained and expanded efforts to achieve significant supply reduction.
Shytoshi Kusama’s Bold Vision for 2025
Looking ahead, Shiba Inu’s enigmatic leader, Shytoshi Kusama, has teased a promising year for SHIB in 2025. Kusama announced the launch of his 44-episode podcast, where he plans to discuss the tech advancements within the SHIB ecosystem, including updates on the much-anticipated TREAT token and insights into the SHIB Metaverse.
Kusama hinted at an "epic" 2025, urging the community to prepare for groundbreaking innovations. His podcast, which promises to "talk from the heart," will also address the long-term vision for SHIB and its expanding utility.
SHIB’s Price Action & Community Sentiment
As of now, SHIB is trading at $0.00002197, up +3.77% on the day. While the price has shown resilience, the community is eager for larger-scale burns and stronger catalysts to drive significant price appreciation.
Key Takeaways for 2025
1. Scaling SHIB Burns: Focus on enhancing burn mechanisms through Shibarium and community initiatives.
2. New Token Utilities: Introduction of the TREAT token and expansion of the SHIB Metaverse.
3. Community Involvement: Sustaining growth through innovation and deeper community engagement.
Final Words
2024 showcased the SHIB community’s dedication to reducing token supply and building utility. With Shibarium, the Metaverse, and Kusama’s ambitious plans, 2025 is set to be a defining year for Shiba Inu.
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