2025-12-25 13:24:35

Having immersed myself in the crypto market for many years, today I want to discuss the recent SHIB burn event. The following is purely personal analysis; feel free to interpret it as you wish.

**Let's start with the basic number game**

The initial supply was 1 quadrillion. After burning 410 trillion this time, there are still 589 trillion in circulation. Sounds impressive? But the burn ratio is only 41%, leaving a still enormous number.

Currently priced at $0.000017, SHIB's market cap has already exceeded $10 billion. Imagine if it were to rise to $1—then the market cap would need to reach $589 trillion. What does that mean? It’s more than ten times the global GDP. So don’t be fooled by fantasies of a hundredfold increase; the numbers themselves are the coldest reality.

**Burning itself doesn’t change much**

The community often treats burning as a necessary and sufficient condition for price increases, but what’s the reality?

By the end of 2024, the burn rate surged by 6220%. And the result? The price held for a few days before falling back. In May this year, the burn volume approached the 410 trillion milestone, yet SHIB was stuck in a downward channel, not even breaking the $0.000016 barrier.

Where’s the problem? Burning is essentially a marketing tactic, not a technical breakthrough. What truly supports the price are real activities on the Shibarium chain, the genuine use of the SHI stablecoin, or merchants willing to accept SHIB payments. Unfortunately, Shibarium’s total locked value is only about $1.46 million, with daily trading volume being negligible.

Without a thriving ecosystem, burning remains just a number game.

SHIB-1.68%

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LightningClicker

· 9h ago

No matter how beautiful the token burn is, if the ecosystem isn't strong, it's all in vain.

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TopEscapeArtist

· 9h ago

It's the same old argument about burning again, I've seen it too many times, and it's always the same. To put it simply, SHIB is just a game of hot potato; no matter how aggressive the burning is, if the ecosystem doesn't develop, it's all in vain. Technically, the head and shoulders pattern is becoming more and more obvious. I bought in at a high last year, but I already cut my losses and exited to avoid the frustration of watching the K-line every day.

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fork_in_the_road

· 9h ago

Burning and burning, yet the ecosystem remains so lonely. Is everyone just waiting for a miracle?

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MemeKingNFT

· 9h ago

Destroying tokens, to put it simply, is just telling a story to the market. Look at the 1.46 million locked in Shibarium; if the ecosystem doesn't move, no matter how much they burn tokens, it's all in vain. Well said, don't be blinded by the mentality of retail investors. 589 trillion to rise to 1 USD? Dream on, this number is simply a dead end. Without on-chain data support, even aggressive burning is just talk on paper. Honestly, this speaks to what many people are thinking. This analysis is excellent; finally, someone dares to expose SHIB's weaknesses. It's just a market sentiment cycle; after the burning hype passes, it returns to the starting point. Wait, what if Shibarium really takes off? It might be too early to call it dead now.

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