Statistics about Shiba Inu | Shiba burn tracker! (2024)

FAQs

How many Shiba Inu will be burned? ›

With the help of ShibaSwap, Shibarium, and virtual land in the SHIB metaverse, the project could theoretically burn 111 trillion SHIB annually. A Shiba Inu (SHIB) proponent who goes by “SHIB Bezos” recently took to Twitter and claimed the project could potentially burn 111 trillion tokens annually.

9.9 Billion Token Out Of Circulation

In January 2024, the Shiba Inu cryptocurrency ecosystem witnessed the burning of approximately 9.9 billion SHIB tokens, a move aimed at reducing the token's circulating supply and potentially increasing its value.

According to some rumors, the network may burn trillions of tokens yearly. Shiba Inu (SHIB) influencer and team member “Lucie” had previously said the project could burn 111 trillion tokens yearly.

The current circulating supply of Shiba Inu is 589.26T. This is the total amount of SHIB that is available.

Can enough tokens be burned in 2024 to send Shiba Inu to $1? The community will have to burn 99.99998% of all tokens to send Shiba Inu to $1 based on its current market cap. In other words, almost all the 589.3 trillion tokens must disappear from circulation, leaving just 6.3 billion remaining.

In conclusion, it would take 98 years for Shiba Inu to achieve $1, even if Shibarium burns 3 trillion SHIB tokens annually. It's just not feasible during our lifetimes. But Shiba Inu won't have any chance of reaching $1 before our lifetimes unless Shibarium is able to burn over 100 trillion tokens annually.

Unfortunately, no leading price prediction firms have predicted a tentative timeline for Shiba Inu to reach the $0.01 milestone. The highest they have predicted is a price target of $0.0001 and that too after this decade in 2030. Even leading analytical firms remain clueless about when SHIB could reach the 1 Cent mark.

According to Telegaon's price prediction, Shiba Inu could reach $0.01 sometime in 2040. That's another 16 years from today and is considered long-term. In addition, the analytical firm has also forecasted that SHIB could reach $1 sometime in 2050.

What is the total supply of Shibarium? ›

SHIBARIUM has a max supply of 1 B SHIBARIUM.

According to the press release, this upgrade is focused on minimizing gas fees and fast transactions. Shibarium also supports the other growing segments of the Shiba Inu Ecosystem, including the $SHIB and $LEASH tokens, SHEboshis DN-404 tokens, SHIB The Metaverse, the ShibaSwap DEX, and the Shiba Eternity game.

10M SHIB might be enough to make you a millionaire in 2025, or maybe even sooner. The circulating supply of $SHIB is high right now, but it's decreasing more each hour as holders are “burning” it (sending SHIB to a dead wallet).

The amount destroyed equates to almost half of SHIB's total circulating supply. Ethereum co-founder Vitalik Buterin has burned 90% of his Shiba Inu coin (SHIB) holdings, an amount worth $6.7 billion.

As of March 2024, there are around 1.3m SHIB holders, and the Top 10 SHIB holders own over 59% of the token's total circulating supply.

Shiba Inu (SHIB) Price Prediction for 2024

This indicates a potential return on investment of around 23.5% based on the current prices. Binance predicts Shiba Inu to be trading at a maximum price of $0.000018 in 2024.

As of March 2024, there are around 1.3m SHIB holders, and the Top 10 SHIB holders own over 59% of the token's total circulating supply.

It has a number of updates and launches planned for the next 12 months, including the launch of its own layer-three network. Taken together, such developments should boost the usage of SHIB, which in turn will push the Shiba Inu price higher. It could reach $0.000025 in the next few weeks and $0.000050 by Q4.