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- Shibarium’s potential to burn 10T SHIB monthly could drastically reduce supply — possibly positioning SHIB for a major price breakout.
- Despite promising burn mechanics, SHIB still needs a surge in demand to realistically return to the top 10 by market cap.
Following its mainnet launch in August 2023, Shibarium has already become a vital engine in Shiba Inu’s optional plan, according to the source. By converting transaction fees (collected in BONE) into SHIB and sending them to a burn wallet, the network has already eliminated tens of billions of tokens.
As per the latest article about Major SHIB burns signaled the potential 5x of the price jump by Crypto News Flash (CNF) earlier this year, It was highlighted that SHIB burn rates were surging by 300%, showcasing the community’s effort to reduce token supply and increase its scarcity.
However, according to a recent tweet by @Etherscan_SHIB, SHIB is currently hitting a new all-time high, highlighting:
The number of on-chain $SHIB holders just hit 1,510,290 wallets — the highest ever recorded! $SHIB continues to grow with unstoppable momentum.
At this point, the community’s hopes are now pinned on the possibility of Shibarium burning up to 10 trillion SHIB per month. At that rate, roughly 600 trillion tokens could be destroyed in five years — more than the current supply of 589.5 trillion SHIB.
Meanwhile, Shiba Inu News, engaging with the community via a poll on the types of $SHIB holders, revealed that Bought & kept buying dips is about 50.9%.
3 types of people who bought $SHIB — which one are you?
— Shiba Inu News (@ShibalnuNews) June 8, 2025
According to the analysis, assuming Shibarium pulls off a 500 trillion SHIB burn over five years, even a stagnant market cap would push SHIB’s price to around $0.00008234 — over 550% above its current price of ~$0.00001250.
Could SHIB Return to the Top 10?
If the market cap were to double to $14.7 billion, prices could shoot past $0.00016, and a 10x rise could send SHIB to nearly $0.00083, challenging its past all-time high set in 2021.
Therefore, if Shibarium burns 10T SHIB monthly, while burning the full supply is implausible, a massive reduction to around 89.5 trillion SHIB could significantly reshape the token’s price outlook — potentially pushing it back into the top 10.
However, according to our research based on available resources so far, while burning 10 trillion SHIB monthly could in theory may reduce supply and increase price, which potentially aiding the SHIB’s return to the top 10 — it still remains unlikely based on current data available.
Even with such burns, SHIB would need significant new demand to boost its market cap to $100 billion or more — a challenge given the competitive crypto landscape.
As of now, Shiba Inu (SHIB) is trading at $0.00001327, surging 4.46% in the past day and 0.80% in the past week. See the SHIB price chart below:
