{"id":174077,"date":"2026-06-03T08:30:09","date_gmt":"2026-06-03T08:30:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=174077"},"modified":"2026-06-03T08:30:09","modified_gmt":"2026-06-03T08:30:09","slug":"the-end-of-an-era-shiba-inu-burns-slow-to-a-crawl-as-investors-lose-interest","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=174077","title":{"rendered":"The End Of An Era? Shiba Inu Burns Slow To A Crawl As Investors Lose Interest"},"content":{"rendered":"

The Shiba Inu burn initiative has existed for a number of years now, a move that was created to help reduce the massive supply of the meme coin. Initially, this initiative drew a lot of attention, with investors burning thousands of dollars worth of SHIB daily and removing billions in SHIB<\/a> from the circulating supply. However, as the market has moved into another bear market, Shiba Inu has suffered, and the burn initiative has slowed to almost a stop.<\/p>\n

Shiba Inu Burns Drop To Only Hundreds Of Dollars<\/h2>\n

As shown on the Shibburn website<\/a>, which is the official tracker for the amount of SHIB tokens<\/a> burned daily, the SHIB burn rate has dropped drastically. The website shows that over the last week, around an average of $10 worth of tokens have been burned daily, meaning only a tiny amount of tokens are being taken out of circulation.<\/p>\n

The seven-day figures come out to just over $100 worth of tokens burned, which means that only around 20 million SHIB tokens were taken out of circulation, according to current prices. The 30-day figures also show how much the burn rate has slowed, with less than $1,000 worth of tokens burned in one month, or around 144 million SHIB.<\/p>\n

While the token figures burned, coming out to the millions, may seem impressive, it is barely a drop in the ocean of what the total SHIB supply is. Official channels show a total supply of just over 589 trillion tokens. Out of this, 410.8 trillion tokens have been burned, courtesy of Ethereum founder Vitalik Buterin, starting the first recorded SHIB<\/a> burn with 410 trillion tokens sent to the burn wallet.<\/p>\n

Taking into account the total amount of burned tokens, it now leaves 585.56 trillion tokens left in circulation. This means that the 144 million burned in the 30-day period is near negligible to the total circulating supply. As a result, there is likely not going to be any significant reduction<\/a> to the SHIB supply anytime soon.<\/p>\n

Participation figures from holders mirror just how much the SHIB burn initiative has fallen out of favor. The Shibburn website shows an average of 3-5 burn transactions<\/a> recorded daily compared to the tens to hundreds of transactions that used to be recorded when the burn first began.<\/p>\n

As for the Shiba Inu price, the meme coin has continued to struggle. According to CoinMarketcap, it is down 93% from its 2021 all-time highs. Nevertheless, its market cap of $3.1 billion makes it the third-largest meme coin<\/a> in the market, sitting behind Dogecoin and MemeCore.<\/p>","protected":false},"excerpt":{"rendered":"

The Shiba Inu burn initiative has existed for a number of years now, a move that was created to help reduce the massive supply of the meme coin. Initially, this initiative drew a lot of attention, with investors burning thousands of dollars worth of SHIB daily and removing billions in SHIB from the circulating supply. […]<\/p>\n","protected":false},"author":0,"featured_media":174078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-174077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174077"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=174077"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/174077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/174078"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}