Shiba Inu Burn Rate Surges, 500M SHIB Eliminated

• Lyla Velez
• June 14, 2025

The significant burn event highlights the community’s ongoing dedication to decreasing SHIB’s circulating supply. This surge can impact market perception and trading dynamics.

An impressive surge in the Shiba Inu (SHIB) burn rate has occurred, marking a substantial reduction in token supply as the community achieves a 3,484% increase in burning activity. Over 500 million SHIB tokens have been destroyed, according to on-chain data tracked by the Shibburn platform.

The primary players orchestrating the SHIB burns include the anonymous 0x55B…182E3 wallet and the community group ShibArmyStrong (SAS), responsible for executing multiple transactions. This effort underscores the longstanding commitment by community members to increase scarcity within the SHIB ecosystem.

A total of 1.004 billion SHIB have been burned across 14 transactions in the last 24 hours, led by an anonymous wallet and supported by the ShibArmyStrong (SAS) team. Source

The burn has caught the interest of the cryptocurrency market, indicating potential shifts in sentiment and trading activity. The event does not affect major cryptocurrencies like ETH or BTC but exclusively targets SHIB, emphasizing a grassroots strategy for monetary value manipulation.

These developments could affect financial expectations and investor strategies, given SHIB’s substantial circulation. Historical trends of large SHIB burns have shown immediate market excitement, although long-term effects are less pronounced due to existing token volumes. Experts suggest observing on-chain data for insights into sustained engagement and possible shifts in SHIB’s value and market configuration.