Shiba Inu Breakout To $0.001? Rumored 9.25 Trillion SHIB Token Burn Could Be The Catalyst

2 Mins read

The Shiba Inu (SHIB) price could be primed for a significant surge if a recent rumor is anything to go by. This will provide a much-needed relief for the meme coin, which has been on a nose dive as of late. 

A Record-Shattering Shiba Inu Burn On The Way?

In a now-already deleted X (formerly Twitter) post, Shiba Inu’s team member Ragnar mentioned that the 9.25 trillion SHIB tokens could end up being burned this month. Although it is unclear why Ragnar deleted the post, it could well have been done in order not to raise expectations. 

Shiba Inu’s Marketing Lucie had once mentioned how the lead developer, Shytoshi Kusama, was skeptical about providing a timeframe for these burns. 

Ragnar could have also deleted the post, following a mistake on his part, especially considering how mammoth 9.25 trillion SHIB is. The highest number of SHIB tokens that have been burned in a month still happens to be in the range of billions. 

In fact, besides Ethereum founder Vitalik Buterin’s burn, never has a trillion Shiba Inu tokens burned in a single year. As such, it seems unlikely that the team member was referring to this happening this month. If anything, such a figure even seems more plausible if Ragnar was referring to how much of the meme coin could be burned this year. 

If that is the case, it could have a massive impact on SHIB’s price. The meme coin is known to make a rally whenever SHIB tokens of such magnitude are burned, not to talk of what could happen if such a record is achieved.

Shiba Inu price chart from

SHIB price at $0.000009 | Source: SHIBUSD on

Shibarium’s Role In Achieving The Record

If 92.5 trillion SHIB tokens manage to be burned this year, it will likely come from Shibarium’s efforts. The layer-2 network has, in recent times, been the biggest contributor to the Shiba Inu burns carried out. Interestingly, Shibarium singlehandedly contributed to almost half of all the SHIB tokens that were burned in 2023

Last year, just over 76 billion SHIB tokens were burned, with the layer-2 network contributing almost 34 billion SHIB to those burns. Shibarium has, however, not had a great start to the year, with daily transactions declining from highs it recorded in December last year. According to data from the Shibarium Explorer, daily transactions on the network currently stand at 4 million. 

Meanwhile, the 9.25 trillion SHIB tokens being burned remains from being a reality as just over 64 million SHIB tokens have been burned this month, according to data from the Shiba Burn Tracker.

At the time of writing, Shiba Inu is trading at around $0.000008907, down over 5% in the last 24 hours, according to data from CoinMarketCap.


1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Related posts

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥 will not disclose your account information to any 3rd parties.