• Shiba Inu burned 65.9 billion tokens, worth about $65,000 — too little to impact price.
• SHIB’s supply remains massive, requiring trillions burned for real movement.
• The meme token has lost hype and trading momentum, down 50% over the past year.
The Shiba Inu community burned a staggering 65.9 billion SHIB tokens on Thursday, according to data from Shibarium. This latest wave of burns brings the total number of destroyed tokens to 1.38 billion since the layer-2 network’s launch in August 2023. Despite this massive supply cut, SHIB’s price remains stagnant — still trading deep in the sub-cent range and showing little to no movement on the charts.
Even with one of the largest burn events in recent months, SHIB continues to test the patience of investors who have long hoped for a price rebound. The token’s five-zero price level hasn’t budged, reflecting how limited burns have been in impacting overall supply dynamics.
Why SHIB’s Price Isn’t Responding to Token Burns
While “billions” of tokens burned sounds impressive, the actual dollar value tells a different story. The 65.9 billion SHIB burned is worth roughly $65,000 — barely a ripple in the $4 billion market cap ocean. To have a measurable impact on price, trillions of tokens would need to be removed from circulation, not billions.
In simple terms, SHIB burns are happening, but at a pace far too slow to create real deflationary pressure. Without major capital inflows or consistent million-dollar burn campaigns, price action is unlikely to shift meaningfully.
The Lost Hype and Fading Momentum
Adding to the stagnation is the fading hype cycle that once drove SHIB’s meteoric rise. Trading activity has slowed sharply as investors move on to newer narratives like Solana-based meme coins and real-world asset tokens. Over the past year, SHIB’s price has fallen nearly 50%, leaving most holders deep in the red.
The community remains active, but sentiment has cooled. Without renewed buying pressure or a breakout event — such as a major exchange listing or Shibarium upgrade — the token could continue drifting sideways.
Could Shiba Inu Still Make a Comeback?
Despite its sluggish performance, it would be premature to count Shiba Inu out. Meme coins often move in unpredictable cycles, defying logic and technicals when sentiment shifts. A resurgence in community energy, a new token utility, or a bullish meme trend could easily pull SHIB back into the spotlight.
For now, though, the math doesn’t lie — the burn numbers may sound large, but they’re still too small to move the needle. Until SHIB sees trillions burned or major buying momentum, its five-zero price tag looks here to stay.
