The SHIB community has permanently burned over 410 trillion Tokens, accounting for 41% of the initial supply.

According to a report from Tokocrypto News on June 28, the Shiba Inu (SHIB) community has permanently burned over 4.1074 trillion SHIB Tokens, accounting for more than 41% of the initial supply. Despite the massive scale of the burn, the price impact has not shown a linear relationship.

SHIB initially had a total issuance of 1 quadrillion tokens, of which Vitalik Buterin destroyed approximately 410 trillion SHIB (almost 90% of the amount he received) in 2021. Currently, the circulating supply of SHIB is about 589 trillion, and the burning activities are ongoing, with over 687 million SHIB burned just last week, an increase of 480% compared to the previous average.

In addition to token burning, the SHIB ecosystem is also expanding, including the launch of the Layer 2 network Shibarium, developer infrastructure Shib Alpha Layer, and collaboration with Web3 games. Technical analysis shows that the SHIB price chart is forming a symmetrical triangle pattern, and a breakout could bring a maximum increase of 62%.