Shiba Inu Burns 116 Million Tokens, Supply Drops 112,839%

Shiba Inu (SHIB), a prominent cryptocurrency, has recently undergone a significant reduction in its circulating supply. Over 116 million SHIB tokens were permanently removed from circulation, marking a substantial increase in the daily burn rate by more than 112,000%. This deflationary strategy aims to bolster the cryptocurrency’s value by fostering scarcity. Despite this effort, SHIB’s price has dipped by 2% in the past 24 hours and approximately 5% over the week, settling around $0.00001190.

The recent burn of 116 million tokens has led to a significant decline in SHIB’s overall supply. The burn rate soared by an impressive 112,839%, decreasing the total number of SHIB coins in existence. Calculations suggest that nearly 527 trillion tokens are approaching the breakeven point. The coin-burning strategy is designed to incrementally foster scarcity and potentially elevate its value over time, signaling determination from the community and development team to enhance its financial structure.

The SHIB ecosystem has reported robust fundamental metrics accompanying the supply contraction. Wallet growth has surpassed expectations with over 1.5 million new addresses. Furthermore, Shibarium’s Layer-2 network recorded elevated transaction volumes, indicative of rising adoption and network engagement levels. However, seller dominance persists in the market, with prices encountering resistance at $0.0000122 due to significant volumes exceeding 500 billion in recent trading days.

Technical analysis highlights a key double bottom pattern forming on SHIB’s chart, potentially forecasting a 20% price ascent to $0.000016 if successful. Nonetheless, breaching the $0.0000122 resistance loaded with hefty trading activity remains critical. Recently, SHIB’s price oscillated within a narrow corridor between $0.00001203 and $0.000012, suggesting a consolidative phase where a breakout would shape subsequent trends.

Vital insights from these developments include the burning of over 116 million SHIB tokens, which highlights strategic deflationary measures. Persistent seller pressures result in price decline despite positive supply reductions. Wallets surpassing 1.5 million highlights increasing interest and market penetration. Technical indicators suggest potential price growth, contingent on overcoming resistance.

Despite proactive efforts to burn tokens and boost scarcity, SHIB’s market performance suggests that broader investor sentiment and seller actions significantly influence its price trajectory. Maintaining focus on reducing supply and strengthening its network appeal remains pivotal for SHIB’s future advancements.

Shiba Inu, a popular meme coin, has recently undergone a significant reduction in its circulating supply. Over 537 million SHIB tokens were permanently removed from circulation between June 13 and 14, 2025. This dramatic burn event, which saw a 3,484% surge in the burn rate, was primarily driven by anonymous wallets within the community. The community's dedication to reducing the supply of SHIB tokens is evident, as large-scale burns exceeding 1 billion SHIB have been executed recently. This deflationary model aims to increase the scarcity and potentially the value of the remaining tokens.

The total supply of Shiba Inu tokens has notably decreased, with over 410.74 trillion tokens burned to date. This reduction brings the total supply down to around 589 trillion from the original 1 quadrillion. The community's efforts to reduce the supply have been tracked through blockchain data analytics, although no institutional involvement has been identified. The market impact of this burn event is currently limited to SHIB itself, with no evidence suggesting any changes in liquidity or staking flows related to the burn. Other major tokens have remained unaffected, and there is no direct impact on broader markets or regulatory actions at this time.

Historically, community-driven burns have not impacted the broader crypto ecosystem, as seen in past events with similar outcomes. This surge in Shiba Inu's burn rate underscores the ongoing efforts from the community to address inflationary concerns. Past trends suggest a consistent strategy with limited immediate effect on global crypto markets or policy-making. The community's commitment to reducing the supply of SHIB tokens is a testament to their dedication to maintaining the asset's deflationary model. Despite the lack of official statements from Shiba Inu developers, the trend has been tracked through blockchain data analytics, revealing substantial burn actions. The community's efforts to reduce the supply of SHIB tokens have been evident, with anonymous wallets executing large-scale burns exceeding 1 billion SHIB recently. These actions sustain the deflationary narrative, although there is no direct impact on broader markets or regulatory actions at this time.