Shiba Inu Burn Movement Lures New Supporters: Will It Work?
The Shiba Inu ecosystem has taken a major move toward reducing its massive token supply with the introduction of ShibTorch V2, an upgraded burn portal designed to attract new supporters. The buzz around the Shiba Inu burn movement is intensifying, with investors increasingly focused on the potential impact of reducing the token's circulating supply. This move indicates a significant overhaul, potentially achieved through increased token burns, strategic partnerships, or other innovative solutions. While the exact details are unfolding, one thing is clear: the Shiba Inu community is actively engaged in shaping the future of SHIB.
Shiba Inu Burn Rate Soars
Enthusiasm for the SHIB burn is being fueled by tangible results. With a staggering 115% increase in the burn rate, over 16.1 million SHIB tokens were incinerated in just one week. This aggressive approach to reducing the circulating supply aims to increase scarcity and potentially drive up the value of remaining tokens.
ShibTorch V2 Ignites Burning on Shibarium
To support and expand these burn efforts, the Shiba Inu team is rolling out several new initiatives. One of the key developments is the introduction of ShibTorch. This ShibTorch, a community-driven SHIB burning initiative, is now live on Shibarium, allowing users to burn SHIB and reduce supply, promoting decentralization. ShibTorch V2 aims to make the process more accessible and rewarding for participants.
The Science Behind SHIB Burning
The Shiba Inu Coin burn mechanism is a strategic process designed to reduce the total supply of SHIB tokens by sending them to “burner” addresses, which are inaccessible. This effectively removes these tokens from circulation, decreasing supply and, in theory, increasing demand.
Shibarium and the Automated Burn Process
The Shibarium Layer-2 network launched in August 2025 further integrates the burn process into the ecosystem. For the automated process to see the light of day, Shibarium developers are testing the new SHIB burning mechanism on the ‘Puppynet’ testnet, which recently switched. The implementation of token burning on Shiba Inu is in line with the Ethereum EIP-1559 upgrade, creating a sustainable and predictable burn mechanism.