Shiba Inu (SHIB), one of the most recognized dog-themed cryptocurrencies, continued its token burn initiative throughout 2024 as part of its long-term supply management strategy. According to data from Shibburn, the official SHIB burn tracker, a total of 44.62 billion SHIB tokens were burned during the year. While this number may sound impressive at first glance, the real impact on the token’s economy and price remains a topic of discussion among investors and analysts.
At current market valuations, 44.62 billion SHIB tokens are worth slightly over $1 million—a relatively modest amount given the vast circulating supply of the memecoin.
Understanding the Impact of Burning 44.62 Billion SHIB Tokens
With approximately 589 trillion SHIB tokens currently in circulation, the 44.62 billion tokens burned in 2024 represent just 0.0076% of the total supply. In practical terms, this is a negligible reduction and unlikely to create meaningful upward pressure on the price.
Most of these burns occur passively through transaction fees on decentralized applications within the Shiba Inu ecosystem, such as ShibaSwap, rather than through large-scale, intentional destruction events. While consistent, these routine burns do not significantly alter market dynamics.
Historically, SHIB has undergone several major burn events—most notably the burning of over 40% of the total supply early in its lifecycle, much of which was sent to Ethereum co-founder Vitalik Buterin’s wallet (who later burned a significant portion). However, since then, burn rates have stabilized, and price movements have become less responsive to burn announcements.
Why Token Burns Matter—Even When They Don’t Move the Market
Token burning is a deflationary mechanism designed to reduce supply over time, theoretically increasing scarcity and supporting price growth. For cryptocurrencies like SHIB with an initially massive supply, burning is essential for long-term value accrual.
However, perception and scale matter. Small or routine burns, while positive in principle, often fail to generate investor excitement or trigger price rallies. To truly influence market sentiment, a burn must be:
- Substantial in size (e.g., billions or trillions of tokens)
- Intentionally executed (not just fee-based)
- Well-communicated with transparency
So far in 2024, none of the burns met all three criteria in a way that shifted market momentum.
👉 Learn how deflationary mechanisms like token burns shape crypto economics and investor behavior.
Will Shiba Inu See a Price Surge in Q1 2025?
Despite limited burn impact in 2024, analysts remain cautiously optimistic about SHIB’s potential performance in early 2025.
According to CoinCodex, Shiba Inu could reach a new yearly high of $0.00004820 by January 7, 2025—marking an approximate 113.56% increase from current levels. This bullish projection hinges on broader market trends, potential ecosystem developments, and increased adoption rather than burn activity alone.
However, CoinCodex does not expect this rally to be sustained. The platform forecasts a sharp correction afterward, with SHIB likely falling below $0.00002 by the end of Q1 2025.
Similarly, Changelly projects SHIB will peak at $0.0000471 on January 6, 2025**, aligning closely with CoinCodex’s timeline. Their analysts also anticipate a pullback in February 2025, with an average expected price of **$0.0000223.
These projections suggest a short-lived bullish window—possibly fueled by seasonal crypto market trends or speculative trading—but no fundamental shift in SHIB’s long-term trajectory.
What Could Trigger a Real Price Spike?
For Shiba Inu to break out of its current range and sustain higher prices, more than incremental burns are needed. The key catalyst could be a new, aggressive burn mechanism currently rumored to be under development by the SHIB team.
Insiders suggest the upcoming mechanism could destroy trillions of SHIB tokens annually, dwarfing anything seen in 2024. If implemented transparently and effectively, such a program could:
- Significantly reduce circulating supply
- Boost investor confidence
- Create genuine scarcity
- Drive speculative and long-term demand
Such a move would address one of SHIB’s biggest challenges: its enormous supply, which dilutes the impact of even large burns.
Frequently Asked Questions (FAQ)
Q: How many SHIB tokens were burned in 2024?
A: A total of 44.62 billion SHIB tokens were burned in 2024 according to Shibburn, the official burn tracker for the Shiba Inu ecosystem.
Q: Does burning SHIB tokens increase its price?
A: Not necessarily. While token burns reduce supply and are generally positive for long-term value, the impact depends on scale and context. The 2024 burns were too small relative to the total supply (589 trillion) to meaningfully affect price.
Q: What is the circulating supply of SHIB?
A: As of 2024, there are approximately 589 trillion SHIB tokens in circulation. Despite billions being burned annually, this number remains largely unchanged due to the sheer size of the supply.
Q: Can SHIB reach $0.00005 in 2025?
A: Some analysts project SHIB could briefly touch **$0.00004820 by January 7, 2025**, close to $0.00005. However, most forecasts suggest this level won’t be sustained due to expected market corrections.
Q: Is Shiba Inu’s burn mechanism effective?
A: Current burns are mostly passive and result from transaction fees. While they contribute to gradual supply reduction, they lack the market impact of large-scale, intentional burns. A more powerful mechanism may be needed for real change.
Q: What could make SHIB’s price go up?
A: A combination of factors could drive growth: a new high-impact burn system, increased utility within the Shiba Inu ecosystem (e.g., gaming, NFTs, DeFi), broader market bullishness, and improved investor sentiment around memecoins.
Final Thoughts: What’s Next for Shiba Inu?
While the burning of 44.62 billion SHIB tokens in 2024 reflects ongoing commitment to supply management, it underscores a larger truth: incremental burns aren’t enough to move the needle for a cryptocurrency with such a massive circulating supply.
For Shiba Inu to achieve sustainable growth and capture serious investor interest beyond meme culture, it needs bold, transparent initiatives—particularly around tokenomics. The rumored development of a new burn mechanism capable of eliminating trillions of tokens per year offers hope.
If executed well, such a system could transform market perception and pave the way for meaningful price appreciation in 2025 and beyond.