The SHIB community continues its efforts to remove meme tokens from circulation. However, data from the tracking platform Shibburn reveals a dramatic drop in SHIB's burn rate over the past 24 hours, reflecting negatively on the token's price, which remains in the red.
SHIB Burn Rate Drops Significantly
According to recent data from Shibburn, approximately 8,738,201 SHIB were burned in the last 24 hours. These tokens were permanently removed from circulation and locked into inactive blockchain addresses through the community's consistent efforts.
However, the burn rate plummeted by over 72%, pushing it deep into negative territory. On a more positive note, weekly data shows a better picture. Over the last seven days, a total of 102,867,453 SHIB were burned, marking a 164.53% increase compared to the previous week.
Price Reaction: SHIB Drops 3.35%
The year 2025 has started with relatively lower daily burn volumes for SHIB. However, on several occasions in the past nine days, the burn rate surged by over 1,000% and even 2,000% at one point. Despite these fluctuations, SHIB's price dropped by 3.35% in the last 24 hours, with a total decline of 13% over the week.
Shytoshi Kusama Responds to Former Binance Chief’s Remarks
Shytoshi Kusama, SHIB's lead developer, responded to a post by Changpeng Zhao (CZ), Binance's co-founder, on platform X. In his post, CZ emphasized that the priority should be building what the community needs, rather than what creators believe is necessary.

Kusama took a different stance, saying, "It’s more important to build what people need before they even realize they need it." He pointed out that community needs can shift quickly, making it essential to create long-term, impactful products.
Additionally, Kusama highlighted that the teams behind SHIB and Shibarium are already operating under this principle. He invited CZ to follow SHIB’s ongoing developments, which could further strengthen the ecosystem.
Conclusion
While SHIB's burn rate experienced a temporary dip, the community remains steadfast in its efforts to improve tokenomics. Although SHIB's price is showing short-term weakness, the long-term outlook hinges on continued innovation and the ecosystem’s development.

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The Shibburn tracking platform has revealed that a significant number of SHIB tokens were removed from circulation in the past 24 hours and sent to dead wallets. This event involved burning tens of millions of tokens, with the majority burned in a single transaction.
31.4 Million SHIB Burned by an Anonymous Whale
According to a tweet by Shibburn, the burn rate of SHIB, the second-most popular dog-themed meme coin, surged by 1,634.41%. A total of 32,567,798 SHIB was removed from circulation, with 31,483,015 SHIB burned in a single transaction by an anonymous whale, sending the tokens to an unspendable blockchain address.

Record SHIB Burns in 2024
At the beginning of the new year, Shibburn summarized the SHIB burn activities for 2024. Over the year, 44,623,604,014 SHIB were removed from circulation, equivalent to approximately $1 million in fiat value.
However, some members of the community expressed skepticism about the burn rate, calling it too slow. They argue that at the current pace, it could take years for the token’s price to see a significant increase. In December alone, 2,679,767,542 SHIB were burned.
Shytoshi Kusama Promises an Epic 2025
On New Year's Eve, Shytoshi Kusama, the lead developer of SHIB, announced a new podcast series with 44 episodes. In these podcasts, Kusama plans to share updates about the SHIB project, the team’s technical achievements, and upcoming initiatives, including the launch of a new token, TREAT.
Kusama hinted that 2025 will be “epic,” referencing significant announcements related to Shibarium and the broader Shiba Inu ecosystem.
Launch of SHIB Metaverse
In December, the SHIB team launched the SHIB Metaverse, allowing users to purchase virtual land, build customized homes, and interact with other “Shibizens.” This marked another milestone for the Shiba Inu ecosystem, expanding its use cases in the digital space.
Conclusion
The SHIB burns and developments in the Shiba Inu ecosystem demonstrate ongoing growth and engagement. With ambitious plans for 2025, including new tokens, podcasts, and the metaverse, the SHIB community has much to look forward to, even as challenges remain.

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Shiba Inu Community Burns a Large Amount of Tokens
The Shiba Inu community has achieved another milestone in its efforts to burn SHIB tokens, resulting in a significant 105% increase in the burn rate.
Meanwhile, the price of this second-largest dog-themed cryptocurrency has surged by nearly 8% in the past 24 hours.
How Much SHIB Was Burned?
According to the tracking platform Shibburn, a total of 1,877,749 SHIB tokens were removed from circulation in the past day. Of this amount, 1,000,707 SHIB was burned in a single transaction, driving the burn rate up by 105%.
44.6 Billion SHIB Burned in 2024
Shibburn data also revealed that in 2024, the Shiba Inu community and its developers managed to burn a total of 44,623,604,014 SHIB tokens, valued at nearly $1 million.
Despite these efforts, many SHIB enthusiasts remain skeptical. They argue that the current burn rate is too slow to significantly reduce the massive circulating supply within the next few years. The main goal of burning tokens is to decrease supply, increase scarcity, and boost the token's price.
Half of SHIB's original supply was removed in May 2021 by Ethereum co-founder Vitalik Buterin after he received a massive amount of SHIB from the token's mysterious founder, Ryoshi.
In December 2024, SHIB fans sent 2,679,767,542 SHIB tokens to "dead" blockchain wallets.
SHIB Price Jumps Overnight
In the last 24 hours, SHIB's price has shown an impressive 10% increase, climbing from $0.00002084 to $0.00002270. This growth followed Bitcoin’s rise, which gained 3.81% since January 1, reaching $96,520 at the time of writing.
Like the broader cryptocurrency market, SHIB is highly sensitive to Bitcoin's price movements, often following BTC’s trends whether they rise or fall.
Conclusion
The Shiba Inu community continues its efforts to burn tokens, leading to an increased burn rate and short-term price growth. SHIB’s future price performance will depend on the community's ability to further reduce the supply and the movements of the broader crypto market.

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Imagine a world where 1 quadrillion $SHIB is slashed to just 1% of its supply—a mind-blowing 990 trillion tokens burned! 🌋 Let’s explore how this scarcity-driven scenario could send $SHIB into uncharted territory. 🐾

📉 Key Assumptions

• Total SHIB Supply: 1,000,000,000,000,000 (1 quadrillion)
• Burned Tokens: 990,000,000,000,000 (99%)
• Remaining Tokens: 10,000,000,000,000 (1%)

🔥 Potential Effects of a 99% Burn

1️⃣ Reduced Supply, Increased Scarcity
With 99% of tokens gone, $SHIB becomes a scarce asset. Fewer tokens mean higher demand, creating an irresistible supply-demand imbalance.

2️⃣ Price Surge 🚀
Fewer tokens in circulation + higher demand = potential price explosion. 💰 Scarcity could catapult $SHIB into multi-dollar territory.

3️⃣ Market Volatility 🌊
Such a drastic reduction would shake up the market. Expect intense price swings as traders adjust to this unprecedented event.

💡 Hypothetical Price Predictions

• Short-term (2025): $0.10 - $1.00
The immediate reaction to scarcity could lead to an explosive price rally. 📈
• Mid-term (2026-2027): $1.00 - $10.00
Sustained demand could drive $SHIB ’s value into double digits.
• Long-term (2028-2030): $10.00 - $50.00
As evolves into a true store of value, its price might hit unimaginable heights.

⚠️ What You Should Know

🔍 Speculative Scenario: This is a “what if” scenario, not a guaranteed future. Market behavior is complex and unpredictable.

📈 Volatility Ahead: Drastic moves like this could attract attention from whales, enthusiasts, and skeptics alike, leading to sharp market swings.

💡 Do Your Research: Always stay informed and invest wisely—crypto isn’t for the faint of heart.

🌟 Could Be the Ultimate Scarce Asset?

A 99% burn would revolutionize the ecosystem, but remember: with great gains come great risks. Will you HODL, speculate, or wait for the next burn?

🚀 Dream big, invest smart, and prepare for the future of Shiba Inu!

🔗 Start Trading on Binance Today!

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