The second largest dog-themed digital token, Shiba Inu, is beginning to make a comeback. Its comeback is reflected not only in its price growth, but also in its pursuit of scarcity through the destruction of SHIB.

In the latest twist in this burning saga, the Shiba Inu team has burned a staggering 8.53 billion SHIB tokens, adding fuel to a fire that has consumed more than 25 billion tokens in just 18 days.

From BONE Gas to SHIB Ashes

This is more than just a symbolic move, it’s a hell of a thing orchestrated by Shibarium, the Shiba Inu layer 2 solution. A portion of the gas fees generated on Shibarium are automatically sent to “death wallets,” effectively removing them from circulation forever.

This ingenious mechanism converts every transaction on Shibarium into SHIB burning to achieve scarcity, gradually increasing the value of each remaining SHIB token.

SHIB Burning Cycle Acceleration

This isn’t the first time the Shibarium team has wielded the torch. Since the Shibarium burn program began on December 4, more than 25 billion SHIB tokens have been burned, marking a radical turnaround from previous oversupply issues. With daily burns continuing to exceed 5 billion tokens, the fire shows no signs of abating.

This burning frenzy is not happening in isolation. Shibarium itself is experiencing massive growth, processing more than 160 million transactions in just four months. The surge in activity translates into higher gas fees, which in turn intensifies the burning process, creating a virtuous cycle of token destruction and transaction volume.

Prices caught in the crossfire

This searing strategy does more than just reduce supply, it also affects the price of SHIB. With over 410 trillion SHIB tokens gone, including a massive burn initiated by Ethereum co-founder Vitalik Buterin, Shiba Inu (SHIB) is becoming increasingly scarce.

This scarcity, combined with growing excitement about Shibarium, has driven SHIB’s price up, surging more than 30% in the past month, making investors optimistic and skeptics cautious.

The Shiba Inu team is taking bold steps to powerfully combine token burning and blockchain innovation.

The latest developments demonstrate that Shiba Inu is a project actively shaping its future, driven by a strategic token burn, a dedicated blockchain platform, and a community hungry for scarce rewards.

The embers of the Shiba Inu revival are burning brighter than ever, and only time will tell whether they will ignite into a full-blown flame or fade away like a forgotten trend.