As a dedicated researcher who has been closely monitoring the cryptocurrency market for several years now, I find the recent developments surrounding Shiba Inu (SHIB) quite intriguing. The fact that over 44 billion SHIB were burned in 2024 is a significant achievement, considering the community’s efforts and the team’s tireless upgrades. However, judging by the comments on social media, it seems that the SHIB community has high expectations for next year, which I can relate to as someone who has witnessed the volatile nature of this industry.
The implementation of the automated burn mechanism via Shibarium is a promising step towards reducing the circulating supply and potentially increasing the value of each coin. The fact that other meme coin founders have joined forces with SHIB to accelerate burns also adds to the optimism.
The upcoming podcast by Shytoshi Kusama promises to shed light on various aspects of SHIB, including the functionality of the TREAT token and the team’s technical achievements. As someone who has been following the mysterious leader for quite some time now, I eagerly await his 44 episodes with bated breath.
In a lighter note, it seems that 2025 is going to be “epic” according to Shytoshi Kusama himself. I can’t help but wonder if this means we will finally see the launch of the SHIB army’s secret weapon – the SHIB laser gun! Only time will tell, but one thing’s for sure: it’s going to be an exciting ride!
The well-known Shibburn tracking service, which keeps tabs on daily and weekly SHIB burn transactions and disseminates the findings on its website and various X social media platforms, has disclosed that an astounding number of SHIB meme coins have been moved to “inferno” wallets over the past year. Over 200 billion of them were reduced to ashes in a virtual blaze.
44.6 billion SHIB gone in 2024
It was disclosed by Shibburn that, as of 2024, the collective efforts of the SHIB community and the Shiba Inu development team resulted in the burning of approximately 44.6 billion SHIB tokens. This amount translates to around $928,170, which is nearly a million dollars.
A total of 44,623,604,014 $SHIB were burned in 2024. #SHIB #HappyNewYear
— Shibburn (@shibburn) January 1, 2025
It seems the Shiba Inu community was far from thrilled with what transpired, as evidenced by their comments. Some examples include: “Next year should be at least double that figure, around 89,247,208,028. Maybe even triple it to 133,870,812,042. That would really ignite things!” “If one token is burned annually, it will take 550 years to make a dent…not even close.”
In that particular year, the SHIB group carried out significant improvements, such as conducting tests followed by the deployment of an autonomous SHIB destruction mechanism. This mechanism operates within the Shibarium layer-2 network, thanks to transaction fees which get converted from BONE to SHIB before getting burned automatically. The SHIB team openly stated that they burn approximately 300,000 SHIB meme coins from the circulating supply every month.
As a seasoned crypto enthusiast who has witnessed the rise and fall of numerous digital currencies, I find the recent news about Shiba Inu (SHIB) particularly intriguing. With over 2.6 billion SHIB tokens being burned in December alone, it’s evident that the project is taking concrete steps towards addressing one of the key issues plaguing most cryptocurrencies – excessive token supply.
I remember the early days of Bitcoin when its limited supply was a significant factor in its success, and I believe SHIB could benefit from similar scarcity principles. The 143 transactions that led to this massive burn indicate a growing level of commitment and coordination among the community, which is crucial for any digital currency’s long-term sustainability.
As we welcome the New Year, I am optimistic about Shiba Inu’s potential to make a lasting impact in the crypto world. The active burning of tokens demonstrates a strong focus on creating value and fostering a healthy ecosystem, qualities that will undoubtedly attract more investors in 2023. #SHIB #HappyNewYear
— Shibburn (@shibburn) January 1, 2025
The creators of other popular meme coins vowed to destroy 2.68 billion Shiba Inu tokens (SHIB) by 2024, and over the past month, they’ve managed to move around 2.68 billion SHIB into wallets that can no longer be spent, taking 143 transactions to reach this goal in December.
Shytoshi Kusama promises “epic” 2025
This past week, Shytoshi Kusama, the enigmatic figure behind the SHIB group, unveiled his new podcast. Spanning 44 episodes, he shared that this platform would allow him to speak candidly about a significant matter and discuss the technology developed by SHIB thus far. Furthermore, he hinted at revealing the purpose of the upcoming TREAT token.
Shytoshi Kusama announced on Twitter that the year 2025 and the upcoming podcast will be extraordinary, expressing excitement with the phrase “It’s time to stop being Shy.” This announcement followed the launch of the SHIB Metaverse, which had been eagerly awaited by many.
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2025-01-01 13:35