Here is Shiba Inu Price in 5 Years if Shibarium Burns 10T SHIB Per Month
The post Here is Shiba Inu Price in 5 Years if Shibarium Burns 10T SHIB Per Month appeared on BitcoinEthereumNews.com.
SHIB price could soar tremendously if Shiba Inu’s Layer-2 blockchain Shibarium burns around 10 trillion tokens monthly over the next five years. Since its mainnet launch in August 2023, Shibarium has served as a major engine for burning Shiba Inu tokens. The L2 blockchain initiates this burn by converting a portion of its transaction fees, initially collected in BONE, into SHIB and then sending them to the official dead wallet. At its initial launch, the Shiba Inu ecosystem team manually conducted Shibarium-powered SHIB burns. This resulted in the incineration of over 50 billion SHIB tokens. However, the process gained full automation in August 2024, with the blockchain burning an additional 1 billion tokens. Although Shibarium’s overall burns represent a tiny fraction of SHIB’s overall supply of 589.5 trillion tokens, many believe that as the network sees broader adoption, its burn rate will accelerate substantially. SHIB’s Price If Shibarium Burns 10T Tokens Monthly for 5 Years Based on this growing optimism, we estimated the value of one SHIB token if Shibarium burns 10 trillion tokens every month for the next five years. For context, if Shibarium burns 10 trillion tokens every month for five years, it would destroy approximately 600 trillion tokens in total. With Shiba Inu’s overall supply standing at 589.5 trillion, this would theoretically burn the entire supply, which is unrealistic. However, if Shibarium successfully burns 500 trillion tokens over the next five years, Shiba Inu would be left with a supply of 89.5 trillion SHIB afterward. A supply reduction of that magnitude would significantly impact SHIB’s price, irrespective of whether Shiba Inu’s market cap remains unchanged or grows exponentially. Notably, Shiba Inu boasts a market cap of $7.37 billion, with a token currently trading at $0.00001251. If Shibarium burns 500 trillion SHIB, reducing the supply to 89.5 trillion,…
Filed under: News - @ June 10, 2025 6:25 am