Shiba Inu’s burn rate surged 492% in a day, which sounds like a major bullish signal. But let’s break it down: about 2.7 million SHIB were burned in 24 hours, worth roughly $13 at the current price. Yes, $13.
Since the mechanism launched in 2022, more than 410.8 trillion tokens have been burned in total, a substantial portion of them from Vitalik’s initial donation. Meanwhile, exchanges still hold slightly more than 87 trillion tokens. SHIB is currently priced at around 0.00000502, down nearly 30% year to date.
I tend to think percentage metrics like the burn rate have become misleading—the denominator is too small, so even a 500% increase is just statistical noise. What really determines supply is how much SHIB exchanges hold and whether holders are selling, not the few million tokens burned each day.
$SHIB is now hovering around the 0.000005 mark. Would you wait for it to fall below 0.0000047 before weighing in, or do you think the burn narrative can fuel another rally?
Since the mechanism launched in 2022, more than 410.8 trillion tokens have been burned in total, a substantial portion of them from Vitalik’s initial donation. Meanwhile, exchanges still hold slightly more than 87 trillion tokens. SHIB is currently priced at around 0.00000502, down nearly 30% year to date.
I tend to think percentage metrics like the burn rate have become misleading—the denominator is too small, so even a 500% increase is just statistical noise. What really determines supply is how much SHIB exchanges hold and whether holders are selling, not the few million tokens burned each day.
$SHIB is now hovering around the 0.000005 mark. Would you wait for it to fall below 0.0000047 before weighing in, or do you think the burn narrative can fuel another rally?
