SHIB’s Burn Rate is 🔥 But… Does It Even Matter?

Hazel

Hazel

Well-known member
So SHIB just crossed like 300 billion tokens burned in the past month. Cool stat, but I still don’t see the price reacting.
Too much supply? Too little use case?
Feels like they’re trying everything — L2 (Shibarium), burns, partnerships — but the chart’s not moving.
Still holding a tiny bag from 2021, but mostly watching now. Anyone farming with Shibarium or doing LPs over there?


Drop any Degen plays tied to SHIB that actually yield. Curious.
 
300B tokens burned sounds epic, but when you're dealing with quadrillions in supply, it’s like throwing a glass of water on a bonfire. Burns help long-term, but yeah price impact is minimal unless demand kicks in big time.


Shibarium is promising, but adoption’s still crawling. Most LPs I’ve seen over there are low TVL or barely moving the needle. Some folks are farming BONE/SHIB pairs, but the yields aren’t super juicy unless you’re playing early or leveraging other degen strategies.


That said, I’ve seen a couple of microcap SHIB ecosystem tokens like $LEASH and $PAW gaining traction in smaller circles. High risk, high degen energy but some are getting creative with staking and mini-launchpads.
 
300 billion tokens burned in a month and SHIB's price is still just chilling like it’s on a permanent vacation . Maybe it’s the crypto version of a barbecue lots of fire, but no one's showing up for the hot dogs. L2s, burns, partnerships... I mean, at this point, they’re trying everything short of hiring a marching band.


Still holding my tiny bag from 2021 basically a relic at this pointwhile watching the fireworks from the sidelines. Anyone out there farming on Shibarium Or is it like a ghost town with zero LPs doing anything wild.
 
It’s definitely interesting to see SHIB burning such a significant amount of tokens, but you’re right the price doesn’t seem to reflect it as much as we might expect. There’s a lot of supply out there, and while the burns and Shibarium are steps in the right direction, it could be a case of not enough demand or use case to really move the needle in terms of price. The Layer 2 and partnerships are definitely an effort to grow the ecosystem, but as you mentioned, the chart’s not showing much momentum yet.

I’m still holding a small bag myself, but I’m more on the sidelines at this point too. As for farming or liquidity pools on Shibarium, I haven’t come across anything that’s really stood out in terms of high yields or risk/reward ratio. If anyone has a good Degen play related to SHIB, would love to hear about it, but it’s definitely important to tread carefully with these kinds of plays!
 
While the 300 billion SHIB burn is impressive on paper, market participants need more than deflationary headlines to move the needle. The real bottleneck is utility — despite Shibarium’s launch and ecosystem tokens like BONE and LEASH, transactional demand remains limited. Unless the Layer 2 starts onboarding serious volume and incentivizes DeFi builders, price action will likely stay flat. Still, there are emerging LP opportunities on Shibarium DEXs with solid APYs — especially in BONE/ETH and SHIB pairs. For those watching closely, this could be the accumulation zone before broader sentiment shifts. But until then, caution and selective farming is key.
 
SHIB burning 300B tokens is a headline, but it’s not enough without real economic utility. The ecosystem’s trying — Shibarium is live, Bone and Leash have roles, and there’s movement in partnerships — but without sticky DeFi or major user adoption, price impact stays muted. That said, the foundation is being built. If Shibarium starts capturing meaningful volume or devs build compelling dApps on it, SHIB could reawaken. For now, some LPs tied to Bone on Shibarium are yielding nicely, and early movers might benefit. If you believe in the ecosystem long-term, now’s the time to position — before the hype returns.
 
Burns are great optics, but when you're dealing with a supply in the hundreds of trillions, even 300B/month barely scratches the surface. Shibarium was a solid move — lower fees and faster TXs — but the adoption still feels slow outside the core SHIB army. I'm keeping an eye on Bone and Leash, though; those tied tokens might see more upside if Shibarium catches real volume. A few LPs on Shibarium do yield decently, especially if you're early, but impermanent loss risk is real. If SHIB wants serious traction, it needs more sticky DeFi primitives — real lending, real dapps, real usage.
 
Yeah, 300 billion tokens burned sounds impressive… until you zoom out and realize it’s a drop in the ocean. SHIB still has over hundreds of trillions in supply — so no matter how many burn tweets they post, the price barely flinches.


They’ve thrown everything at it — Shibarium, token burns, metaverse teasers, dog-themed partnerships — and yet, it still trades like a meme that ran out of steam. The devs are grinding, sure, but the momentum just isn’t there anymore. It's like trying to revive a bonfire with a box of matches in the rain.


Shibarium? It's live, but the volume’s weak. Most LPs aren’t yielding much unless you’re deep into risky micro-cap side projects — and even then, it’s more rug risk than real return.


If you’re farming on Shibarium right now, you’re either early to something no one’s using… or just stuck in a ghost town hoping someone eventually shows up.
 
The fact that SHIB has burned 300 billion tokens in the past month is certainly an impressive statistic, but the lack of price movement despite such efforts suggests that the core issues with SHIB may lie beyond just supply control. Let’s break down some potential reasons for this stagnation:


1.​


Even with large amounts of SHIB tokens being burned, the overall supply of SHIB remains incredibly high. While burning helps to reduce the circulating supply, the sheer magnitude of tokens still in circulation (with a total supply in the quadrillions) means that even a significant burn may not have a noticeable impact on price. Investors often need to see a substantial decrease in supply to feel confident that it will have a real impact on the token's value, especially when there are so many tokens in play.


2.​


SHIB’s utility remains somewhat limited. Despite the introduction of Shibarium (a Layer 2 solution), the ecosystem’s use case is still primarily tied to speculation and the meme coin community. The lack of robust, real-world use cases and meaningful applications for SHIB outside of speculation may be holding the price back. Shibarium is a step in the right direction, but its long-term impact will depend on whether developers and users can build significant decentralized applications (dApps) on the platform. Without a clear use case that drives consistent demand, the token's price will struggle to gain sustained upward momentum.


3.​


The meme coin market, including SHIB, is heavily driven by sentiment and community activity. While SHIB has a large, dedicated community, it can also be highly susceptible to market trends and external factors, like regulatory news or Bitcoin’s price movement. The lack of consistent, positive sentiment could be contributing to the price stagnation, especially if market participants view SHIB as a speculative asset rather than one with solid fundamentals.


4.​


There are numerous other projects that are trying to capture a similar niche, and some of them may be outpacing SHIB in terms of new developments, community engagement, or use case creation. This competition could be diluting the potential for SHIB to gain significant traction, particularly when meme coins are subject to trends and hype cycles.


5.​


While SHIB’s ecosystem is expanding, farming and liquidity provision (LP) can be riskier, especially in the context of meme coins, which are highly speculative. Some users are attracted to high-yield opportunities in liquidity pools, but these pools may also carry higher risks. If you're considering LP or farming in the SHIB ecosystem, be mindful of impermanent loss, market volatility, and potential rug pulls. The rewards may seem attractive, but they come with the same risks as most speculative plays in the crypto space.


Degen Plays:​


If you're looking for "degen" plays tied to SHIB that could yield, consider the following:


  1. ShibaSwap: The official decentralized exchange and staking platform for SHIB, where users can TG Casino SHIB and other tokens for rewards. However, the returns may be more attractive in the short term than the long-term sustainability of the platform.
  2. Shiba Inu Yield Farming: Yield farming on ShibaSwap or other platforms may provide decent returns, but be cautious about impermanent loss and liquidity risks. High rewards often come with equally high risks.
  3. Shibarium Layer 2 Projects: As Shibarium develops, look for dApps or projects building on this platform. While still in early stages, there could be opportunities to participate in initial offerings or token farming in the Shiba ecosystem.

Conclusion:​


While the large burns and Shibarium developments are positive steps, they may not be enough to trigger substantial price growth without a deeper use case or sustained demand. The focus seems to still be on speculative trading and community-driven hype rather than true utility. If you're holding SHIB, it's essential to recognize that the price may remain stagnant or fluctuate with broader market trends unless there's a meaningful evolution in its use case or broader adoption of Shibarium.


For now, staying diversified and looking at riskier yield opportunities tied to SHIB could be a way to capture potential upside, but always be aware of the speculative nature of these plays.
 
The massive burn of SHIB tokens and the development of Shibarium certainly show a strong commitment to reducing supply and increasing utility, but the market response remains tepid. This could be due to several factors. Despite the burn, the overall supply remains extremely high, meaning the deflationary effect may not be enough to significantly move the price without a clear, substantial use case.


While Shibarium and other developments may add value, the real challenge is creating lasting demand. Many of the current use cases—like staking or liquidity provision—are speculative in nature and rely on community engagement, rather than broader adoption.


For investors still holding SHIB or looking for plays tied to it, it's essential to keep in mind that the market sentiment around meme coins is often driven by hype and momentum, which can be unpredictable. Whether SHIB can break out of this stagnation depends on how effectively it transitions from a meme coin to a utility-driven asset.
 
I agree that the huge burn numbers are impressive, but the price movement doesn't seem to reflect it just yet. It definitely feels like SHIB is making all the right moves with its L2 (Shibarium), burns, and partnerships. However, sometimes it just takes time for all these efforts to pay off, especially in a market like this where sentiment can be slow to shift.


From a long-term perspective, I think they’re positioning themselves for something much bigger — developing real utility over time, especially with Shibarium and potential DeFi integrations. While the price may not react immediately, the infrastructure they’re building could set them up for growth in the future when more use cases emerge.


As for Degen plays, I haven't dived into the farming or LPs on Shibarium myself, but I imagine it’s a good way to earn while keeping an eye on SHIB’s ecosystem. Patience might be key here, but long-term holders like you and others might just see the fruits of these efforts sooner than expected.
 
Woah, 300 billion tokens burned in just a month?! That's HUGE, but like you said... it feels like the price isn't reacting at all! The supply is massive, and even with all the new stuff they’re trying—L2 with Shibarium, burns, and those crazy partnerships—it just seems like the chart's been stuck.


I’m still holding a tiny bag from 2021 too (let’s go, OGs! 🙌), but yeah, I’m mostly just watching at this point, waiting for something to pop!


I’m SUPER curious too if anyone's diving into farming with Shibarium or getting into those LPs? If you’re holding a bag and wanna make it work, now’s the time to be looking at those DeFi options, right? Let’s see what kind of plays are actually paying out over there!
 
It’s definitely interesting to see SHIB burn so many tokens, and the efforts with Shibarium and partnerships show they’re trying to build something sustainable. The price not reacting just goes to show how complex the market is right now, with so much going on behind the scenes.

I think the big thing is that even though they’re burning tokens and expanding the ecosystem, it’s still a crowded space, and people need to see more tangible use cases for the long term. But hey, a lot of people are holding onto their SHIB bags from 2021, myself included, and sometimes these things just take time to play out.

I’ve also heard a few people getting into farming and liquidity pools with Shibarium, but I’m still keeping my distance to see how things evolve. As for Degen plays tied to SHIB that yield, I’d definitely be curious to hear if anyone’s had success with them. Always good to keep an eye out for opportunities, even if things feel slow!
 
I’m still kinda new to all this, but I’ve been watching SHIB too. The burns sound awesome in theory, but I guess when the supply is still crazy huge, it takes a lot more to move the price.


I’ve looked into Shibarium a bit saw some people doing LPs and yield stuff, but it felt kinda confusing for me so far. Still trying to wrap my head around how the rewards actually work there. If anyone’s making decent returns with it, I’d love to hear too!
 
It's definitely interesting to see SHIB burn through such a massive amount of tokens, but you're right – the price doesn't seem to reflect that much yet. There’s a lot of supply to burn through, and while burns are helpful, they're just one piece of the puzzle. The lack of a killer use case could be holding it back from seeing any real price movement.

The developments with Shibarium and the partnerships are promising, but it might take more time for them to fully integrate and have an impact on the price. As for farming or LPs on Shibarium, there are some options available, but just like with any DeFi play, it's important to be aware of the risks. You may want to check out the pools on ShibaSwap if you're looking for some yield, but the returns can vary and might not always be as high as you'd expect.

It seems like you're taking a smart approach by holding a small bag and mostly watching right now. It’s always good to stay cautious with projects like these, especially when there’s so much supply and the utility is still developing.
 
While it's impressive to see SHIB burn through 300 billion tokens in the past month, the market's muted response isn't surprising given the broader dynamics at play. The token's price remains stagnant due to a combination of oversupply and limited utility in relation to its market cap. Despite the team's aggressive efforts with Shibarium, burns, and various partnerships, the core use case and demand for SHIB haven't evolved significantly enough to drive substantial price movement.

For those still holding, it's essential to manage expectations SHIB's current strategy seems more about building a long-term ecosystem rather than immediate price action. As for farming or liquidity providing on Shibarium, while it may offer short-term gains, the risks involved in DeFi protocols tied to SHIB are considerable, especially when dealing with the volatility inherent in meme coins. Any yield generation through these methods should be approached with caution, as the inherent risks of impermanent loss and platform security cannot be ignored.

In terms of actual degen plays, leveraging DeFi pools or staking in promising projects like SHIB's ecosystem may yield some results, but expect highly speculative returns. Always do your own research, and ensure any yield farming or LP positions align with your risk tolerance.
 
It's interesting to see SHIB burn over 300 billion tokens in the past month, and yet, the price doesn't seem to react significantly. This highlights a broader issue — despite various initiatives like Shibarium, burns, and partnerships, the supply may still be outweighing demand, or there might not be enough strong use cases to drive sustained value.


The project has certainly taken a multifaceted approach to growth, but the market dynamics remain challenging. While holding a small position from 2021 is understandable, it might be worth considering the long-term viability and utility of SHIB in the context of broader market trends.
 
Yeah, the 300 billion tokens burned is a solid stat, but it feels like SHIB's price is stuck. Too much supply, too little use case it’s hard to get excited. They’ve tried a lot with Shibarium, burns, and partnerships, but the price just doesn’t follow. Still holding a small bag from 2021, but mostly just observing now. Anyone actually farming or doing LPs on Shibarium with decent yields? Would love to know if anything’s working over there.
 
Oh yeah, SHIB burned 300 billion tokens, but the price is still chilling at the same spot, huh? Guess it’s like throwing a party with no one showing up. Too much supply, too little use case kinda feels like they're just spinning wheels at this point. They’ve tried everything – L2, burns, partnerships but it’s still stuck in the memecoin purgatory.


Still holding your 2021 bag You must be waiting for that magical SHIB moon that’s never coming. If you’re farming on Shibarium, good luck! Might as well just farm air for all the yield you’ll get.
 
Ah, SHIB — burning billions and still holding onto that “waiting for liftoff” vibe. The price may not be reacting, but hey, they’re definitely trying everything short of launching a rocket! L2, burns, partnerships... it’s like a buffet of strategies, but maybe the supply is just too thick to break through. Still, if you're holding a tiny bag from 2021, you're in good company. As for Degen plays, farming on Shibarium and LPs? It's like watching paint dry, but with the right moves, it could still pay off. Anyone got a hidden gem or side hustle in the SHIB ecosystem? Let’s hear those plays!
 
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