SHIB Community Just Burned Over 1.3 Billion Tokens – Here's What It Means for Shiba Inu

The Shiba Inu community just burned over 1.3 billion SHIB tokens through their burn portal, continuing the meme coin's supply reduction strategy. This milestone shows how committed SHIB holders are to making their tokens more scarce.

This isn't your typical crypto burn either. These are community members literally destroying their own tokens because they believe it'll make the remaining ones more valuable. It's like voluntarily burning cash because you think it'll make your other money worth more.

How SHIB Burns Actually Work Through ShibTorch

The burning process runs through ShibTorch, their dedicated portal on the Shibarium network. It's actually a two-step process: first, you accumulate BONE tokens until you hit a certain threshold. Then those BONE tokens get bridged to Ethereum, swapped for SHIB, and finally sent to crypto heaven forever.

It's pretty clever – instead of random burns, they've created a system where the community controls when and how much gets destroyed. Everything happens on-chain, so it's completely transparent.

The Numbers Are Actually Insane

That 1.3 billion sounds big, but here's the kicker: according to Shibburn, they've burned 410,750,168,738,930 SHIB tokens total. That's over 410 trillion tokens – gone forever.

SHIB started with 1 quadrillion tokens, meaning they've already burned more than 41% of the original supply. The biggest burn happened in May 2021 when Ethereum's Vitalik Buterin torched 410 trillion SHIB tokens that he never asked for in the first place.

Today, there are 589,249,836,126,910 SHIB tokens left. But the burn rate's been inconsistent lately – only 199,379 SHIB got burned yesterday (a 98.46% drop), and 62,923,173 SHIB over the past week.