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Shiba Inu burns over $7.35B tokens, cutting supply by 41%, but price remains weak amid slowing burns.

Protocol Fundamentals
08 Jun 2026
Zycrypto
View Source
Neutral
pluang ai news

Shiba Inu's community has burned 410.84 trillion SHIB tokens, worth over $7.35 billion, reducing the original supply by about 41%. This deflationary effort, tracked by the Shibburn platform celebrating its fifth anniversary, aims to increase token scarcity and transparency. However, recent burn activity has slowed by 35% week-over-week, and the circulating supply remains large at 589 trillion tokens. Despite these burns, SHIB's price is down roughly 94% from its all-time high, highlighting ongoing debate about whether long-term burns will significantly impact price appreciation.

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