The latest yearly report from Shibburn, the popular tracking service dedicated to monitoring daily and weekly SHIB burn transactions, has unveiled a surprising statistic: a staggering 44,623,604,014 SHIB has vanished in 2024. This move, though impactful, translates to just under $1 million—specifically $928,170. However, many members of the SHIB community seem less than thrilled by this achievement.
Comments flowing in from the community reflect a desire for more significant results. One user expressed that the 2024 burn should be “at least double,” suggesting an ambitious target of 89,247,208,028 or even a triple burn of 133,870,812,042. Another user pointed out the daunting timeline, quipping, “If you burn 1 T for year it takes 550 years…” Clearly, the enthusiasm for large-scale burns remains, contrasting with the actual figures.
The SHIB team has worked consistently on initiatives to enhance the burn rate, including the successful introduction of an automated SHIB burn mechanism operated through the Layer-2 network known as Shibarium. This innovative approach leverages transaction fees converted from BONE to SHIB, which are then automatically incinerated. The team estimates that around 300,000 SHIB are removed from circulation each month, acting as a drip in the bucket for the community aiming for larger results.
In a show of solidarity, the founders of other meme coins have also contributed to SHIB burns, pledging their support for more vigorous burning initiatives throughout 2024. In December alone, a remarkable 2,679,767,542 SHIB were sent to unspendable wallets through 143 transactions.
Looking ahead, Shytoshi Kusama, the enigmatic leader of the SHIB team, has ignited excitement by announcing the launch of his podcast, which promises to feature 44 episodes. Kusama has expressed his commitment to sharing insights and updates, claiming 2025 will be an “epic” year not just for the podcast but for the SHIB ecosystem as a whole. He has hinted at unveiling the unique functionality of the upcoming TREAT token, which has captured the interest of many in the community.
With these developments, it’s clear that while the burn numbers for 2024 might not have fully satisfied the community, the promise of innovations and larger initiatives in 2025 could offer hope for significant advancements in the SHIB landscape. The journey of SHIB continues, fueled by a passionate community eager for more impactful accomplishments.
