Shiba Inu Shibarium: SHIB Burning to Begin January 2025

The Shiba Inu community has been eagerly awaiting news about SHIB burns, and the wait is almost over! Mark your calendars: Shibarium, the layer-2 network for Shiba Inu ($SHIB), is set to start burning SHIB tokens from January 2025 onwards.

SHIB Burning on Shibarium: What You Need to Know

The Shiba Inu team has confirmed that the Shibarium layer-2 network will start burning SHIB tokens from January 2025, reducing the circulating supply by sending them to a dead wallet, never to be recovered. This is a major development for the Shiba Inu ecosystem, aimed at increasing token scarcity and potentially driving up the value of SHIB.

The Shiba Inu team has officially announced that the Shibarium layer-2 network will commence the burning of SHIB tokens starting from January 2025. This initiative is designed to make SHIB more valuable by reducing the overall supply available.

Why is SHIB Burning Important?

Shiba Inu’s community demands increased burns and explores automation on Shibarium for token scarcity and utility. The planned burns, starting in January 2025, are a direct response to community feedback and a strategic move to improve the tokenomics of SHIB. By sending burned tokens to a dead wallet, they are permanently removed from circulation.

Details of the SHIB Burning Mechanism on Shibarium

As per the latest blog update, the burned tokens will be sent to a dead wallet. This ensures that the tokens can never be recovered, further reducing the circulating supply of SHIB. The specific mechanics of how the burning process will be funded and executed within the Shibarium network are expected to be revealed soon, but the January 2025 start date is confirmed.