Shibarium Community Approves 98% Backed Price-Based Burn Plan for BONE and SHIB

Shibarium’s community governance process has reached a pivotal milestone as BONE token holders overwhelmingly endorsed a price-based burn mechanism, marking a significant shift in the Shiba Inu ecosystem’s tokenomics strategy. The proposal, which triggers BONE or SHIB token burns depending on market conditions, secured 103,793.287 BONE votes—over 98% of the total 105,747.524 votes cast [2]. This outcome positions the plan to reshape Shibarium’s supply dynamics, with implications for both BONE and SHIB tokens. The vote, which required participants to allocate their BONE holdings as voting power, saw more than 120,000 BONE tokens used in the process, signaling robust community engagement [2].

The approved mechanism operates on a dual-tiered framework: when BONE’s price falls to $2 or below, BONE tokens will be burned, while SHIB burns will activate if the price rises above $2. This dynamic approach aims to align token destruction with market sentiment, ensuring scarcity-driven demand during price dips and controlled supply adjustments during bullish phases. The plan’s popularity contrasts sharply with alternative proposals, which collectively garnered just 1,946.013 BONE votes, including options for 50-50 or 70-30 SHIB-BONE burn ratios [2]. Analysts note that the price-based model’s dominance reflects a strategic pivot toward algorithmic governance, reducing reliance on fixed schedules or arbitrary thresholds [1].

The vote’s success coincides with a sharp decline in SHIB’s burn rate, underscoring the ecosystem’s evolving priorities. Recent data shows SHIB burns plummeted by 95.08% in the past 24 hours, with just 313,491 tokens destroyed [2]. Weekly burns also dropped by 70.78%, despite the removal of over 410 trillion SHIB from circulation since January 2025 [2]. This shift suggests a temporary pause in aggressive SHIB burns as the community prioritizes BONE-centric policies. The move aligns with broader trends in meme coin governance, where adaptive supply mechanisms are increasingly favored over static models [1].

The proposal’s approval also highlights a maturation in Shibarium’s governance structure. While Shiba Inu’s co-founder Shytoshi Kusama has stepped back from active leadership, the community’s ability to enact binding economic policies underscores a decentralization shift. The vote’s near-unanimous result—78% of total votes—signals a consensus on supply-side adjustments as a core strategy [1]. However, critics caution that the plan’s effectiveness hinges on sustained participation and market conditions. For instance, prolonged bearish trends could trigger frequent BONE burns, potentially straining the token’s liquidity [1].

The price-based burn plan’s implementation could also influence investor behavior in the short term. By tying token destruction to BONE’s price, the mechanism introduces a feedback loop that may stabilize the token during volatility. Yet, its success depends on the accuracy of the $2 threshold and the proportion of tokens burned—a parameter that remains subject to future community adjustments [1]. As Shibarium integrates this new model, stakeholders will closely monitor its impact on BONE’s circulating supply and market price, which currently trades at $0.00095 [2].

The vote’s outcome reinforces Shibarium’s reputation as a hub for innovative governance experiments. With low transaction fees and growing DeFi integrations, the chain has attracted renewed interest in the broader Shiba Inu ecosystem. While the immediate market reaction to the vote has been mixed, the long-term implications for tokenomics and investor confidence remain a focal point for both retail and institutional participants.

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[1] [title1You Won't Believe What Cracked the Top 10 Meme Coins...] [url1https://www.msn.com/en-us/news/technology/you-won-t-believe-what-cracked-the-top-10-meme-coins-this-cat-s-clawing-its-way-up-fast/ar-AA1JjK1x]

[2] [title2BONE Price-Based Burn Plan Dominates Shibarium Vote With Huge Lead] [url2https://coinmarketcap.com/community/articles/6885da2104724b2d1e08a93c/]