Shiba Inu (SHIB) Explained: Burn Mechanisms, Tokenomics,…
By Damilola Esebame
AI summary of the source article
Shiba Inu launched in August 2020 with a total supply of one quadrillion tokens. Roughly 410.84 trillion tokens have been permanently burned, primarily via Vitalik Buterin sending about 410 trillion SHIB to a dead wallet in May 2021. The ecosystem expanded with its Shibarium layer 2 network launched in August 2023, along with ecosystem tokens BONE, LEASH, and TREAT. In January 2025, TREAT raised $12 million from investors including Animoca Brands. As of October 2026, SHIB trades at roughly $0.000005895 with a $3.4 billion market cap, down over 93 percent from its peak.
Why it matters
Token burning permanently removes SHIB from circulation, with Shibarium transaction fees designed to automate burns and connect network adoption to token supply reduction.
Key facts
- Vitalik Buterin burned roughly 410 trillion SHIB in May 2021, accounting for the vast majority of the 410.84 trillion tokens burned to date.
- The Shiba Inu ecosystem raised $12 million via a private sale of its TREAT token in January 2025 from backers including Animoca Brands and Mechanism Capital.
- SHIB trades at around $0.000005895 with a market capitalization of $3.4 billion, down roughly 93 percent from its peak.