SHIB is among the least-performing cryptocurrencies in 2025, delivering little to no gains to investors. Several factors are weighing Shiba Inu down, which include weak fundamentals, the absence of new investors, no hype, and a meager burn strategy. The most important of them all, the circulating supply of 549 trillion tokens, is not allowing the cryptocurrency to grow.
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Here’s How Much Shibarium Has Burned Shiba Inu Tokens
The Shibarium layer-2 solution was the most-hyped network before its launch, citing it would burn trillions of Shiba Inu tokens. The network activity would fund the burns, including fees from trading SHIB on the network. While all of that is true, the activity and burns are extremely meager and do not meet the point where they could push SHIB’s price in the charts.
Take, for example, Shibarium’s burn status – since its launch two years ago, it has burned only 1.38 billion Shiba Inu tokens. To put this in perspective, that’s worth only $17,000 of SHIB tokens sent to the dead wallet from the network. Even the half-yearly salary of a McDonald’s employee in the US is more than that. This shows that the network is in the lower rung of the financial barrel and has no way out to make it to the top.
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In addition, the third-party app SHIB Burn has sent millions of Shiba Inu tokens to the dead wallet. Even there, the maximum number of daily burns stands at less than 2 million tokens. That’s less than $30 per day, and not even worth a meal for two if we step outside for dining.
The SHIB team had focused on burns before the launch of Shibarium, but the reality is strikingly different. Forget about removing 540 trillion tokens from circulation; even 1 trillion tokens now seems like it might not occur in our lifetime. Shiba Inu will never scale up in the charts if the burns continue at this level.