Shiba Inu (SHIB) has witnessed an extraordinary surge in token burning activities, with burns increasing by approximately 106,040% recently. This remarkable rise is driven by strategic moves involving key community members, anonymous wallets, and the Shiba Inu core team. The burn milestone includes the symbolic elimination of over 1 billion SHIB tokens, coinciding with the launch of the ShibTorch V2 portal, designed to enhance the security and participation of future burn events.
The SHIB community’s persistent burning efforts have cumulatively resulted in nearly 411 trillion tokens permanently removed from circulation as of May 2025. This deliberate scarcity strategy aims to reduce the surplus of SHIB tokens, potentially supporting price appreciation and maintaining investor interest.
Following these burn surges, SHIB's price has responded positively with an increase of 7% after the latest surge and a 4% intraday gain earlier, demonstrating a correlation between burn events and price movements. Experts highlight the importance of sustained demand alongside the burns for long-term market impact. The Shiba Inu core team emphasizes the need for sustainable and secure burn mechanisms to influence SHIB’s long-term value.
Overall, this community-driven token burn initiative represents a significant milestone in SHIB’s market evolution, with analysts optimistic about positive price trends if ambitious burn plans continue alongside growing demand.