SHIB’s 192% Burn Explosion: Zeroes About To Get Torched?

The weekly Shiba Inu (SHIB) burning stats have mirrored a renewed enthusiasm for the popular dog-themed meme coin. Shiba Inu’s loyal fans have contributed over 135 million SHIB tokens to the digital bonfire, boosting the weekly burning meter by 192%.

135M Burns Won’t Reflect On SHIB’s Price Immediately

However, the 135,033,921 burnt tokens represent just a small fraction of what used to instantly Shiba Inu’s price. Previously, Shiba Inu’s price tacked on double-digit rallies as Shibarium’s dev team torched the collected gas fees on the Layer-2 network. SHIB’s own public L2 chain has sped up the process of eliminating the supply, now limited to 584.5T.

Particularly, the burns picked up pace in August, 2024, when Shibarium devs introduced the auto-burning mechanism. Shiba Inu’s Bone ShibaSwap (BONE) token serves as the gas fee on the network, so a considerable portion of the fees garnered on-chain is swapped for the main token & then burned.

Shiba Inu’s Price Readies For a Full Moon In August?

Multiple crypto connoisseurs noted that Shiba Inu’s (SHIB) price movement mirrored Bitcoin’s (BTC) $122K bull run, as well as the broader market trends with a significant delay. According to Charting Guy, this star-gazing crypto analyst expects Shiba Inu’s (SHIB) full rebound in August.

The fractal forecast highlights the late July’s local high of $0.00001569 as proof for this bullish thesis, originally called on July 5, 2025 to nearly 46,000 followers on Twitter, previously known as X. Moreover, the crypto charter forecasts another “major leg up late October into November”, as most crypto-based exchange-traded fund submissions will see key decisions being made.

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People Also Ask:

What’s driving SHIB’s 192% burn surge? Shiba Inu’s weekly burn rate skyrocketed 192%, with millions of tokens burned to cut supply. Shibarium’s automated burns are fueling this deflationary push.

How’s Shibarium involved? Shibarium, SHIB’s Layer-2, burns SHIB via transaction fees (BONE), with 70% of fees converted and torched, slashing over 410T SHIB tokens so far.

Why does it matter again? Burns aim to shrink SHIB’s 580T+ supply, potentially boosting value if demand grows. But erasing zeroes needs massive, sustained burns.

Will SHIB’s price soar? The burn spike excites the SHIB Army, but without wider adoption via Shibarium’s DeFi/NFTs, big price leaps are tough.

Where’s the latest news? Check DailyCoin for constant, fire updates on SHIB’s burns and Shibarium’s zero-torching quest!

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