Following the announcement of an automated Shib burn mechanism, speculations have been flying concerning the total number of SHIB tokens slated to be burnt every month in 2024. 

9.25 Trillion SHIB Set To Burn Monthly 

According to a 2022 publication, a Shiba Inu community member, ‘Queenie’ on X (formerly Twitter) created a hypothetical estimation of the total amount of Shiba Inu tokens that could be burned through the burn portal in a year. According to Queenie, SHIB’s total supply could be reduced by over 111 trillion in a “bad” year.

Anyone can run hypotheticals from current data 🙂
I did this just now: pic.twitter.com/iSeKJeB9V9

— Queenie (@Web3Queenie) March 31, 2022

This hypothetical analysis has given rise to rumors, suggesting a potential burn of 9.25 trillion SHIB in January 2024. This speculation is derived if the proposed 111 trillion SHIB burn is spread out between 12 months, resulting in an approximate annual reduction of 9.25 trillion SHIB tokens. 

Shiba Inu currently trading at $0.00000953 territory. Chart: TradingView.com

For several years, the Shiba Inu ecosystem has consistently initiated large-scale SHIB burns. In 2023, a total of 76 billion SHIB tokens were incinerated last year as reported by Shibburn, a SHIB burn tracker,

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Author: Scott Matherson

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