Shiba Inu’s token burn activity has returned to the spotlight after a 1,307% daily surge removed 46.25 million SHIB from circulation. According to data from Shibburn, the latest burn pushed the weekly total above 126 million SHIB, worth roughly $678 at SHIB’s current trading price. SHIB is trading slightly above $0.0000052, with price movement stalling near $0.00000521, according to CoinMarketCap data.
The current burn wave follows the project’s most famous supply reduction: Vitalik Buterin’s 2021 destruction of more than 410 trillion SHIB. Buterin had received roughly half of Shiba Inu’s initial supply without requesting it. In May 2021, he moved about 90% of his SHIB to a dead blockchain address, permanently removing tokens then valued at around $6.7 billion. The transfer eliminated more than 40% of the original one-quadrillion supply.
Before the burn, Buterin donated 50 trillion SHIB to India’s COVID-19 relief effort established by Sandeep Nailwal. Those donated tokens remained potentially transferable, unlike the burned tokens, which became permanently inaccessible. Later community burns continued reducing supply, with cumulative burns reported above 410.8 trillion SHIB by April 2026, representing about 41.08% of the original supply.
During Shiba Inu’s rapid expansion in 2021, major exchanges including Binance and Huobi listed SHIB amid attention around its “DOGE killer” branding. The historical burn, revisited by SHIBMortal, remains the benchmark for SHIB supply reductions.
Analysts caution that burn activity alone does not determine price. Reduced supply can support scarcity and demand, but market capitalization, liquidity, and trading activity also affect valuation. The recent spike in burn rate coincided with SHIB trading in the red, highlighting that large burn metrics cannot single-handedly drive price gains.
