Shiba Inu (SHIB) token burning is a topic that has been of interest to the community for a long time. Currently, burns are being carried out across different platforms in the Shibarium system and in collaboration with community efforts. For example:
1. Recent developments in Shibarium: The Shibarium platform is working on a new automatic burning mechanism linked to network activity, so that coins are automatically burned based on the volume of transactions. This system aims to speed up the burning rate, but is currently still in the testing phase.
2. Manual and ongoing burns: There have been manual burns carried out by projects and companies within the community, including the recent burning of over 300 million $SHIB
through the Shibarium portal.
3. Burn statistics: To date, about 410 trillion of the original token issued at the launch of the project have been burned. Most of this burning occurred at the beginning of the project by Vitalik Buterin, and the rest through ongoing community efforts.
Overall, burning is not just rumors, it is an ongoing effort but it needs to be significantly increased in size to have a tangible impact on the value of the work