Shiba Inu’s Fiery Fifth Birthday Bonanza: A Token to Burn for 🎂🔥

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Amidst the cacophony of digital currencies, the humble Shiba Inu (SHIB) has managed to wag its tail for a full five years. Launched on the auspicious date of August 1, 2020, with an initial supply that would make the Federal Reserve blush—1 quadrillion tokens—this little doggy has been on quite the romp through the crypto wilderness.

One might ask, what does a dog do with such an astronomical number of tokens? Why, it burns them, of course! The Shiba Inu burn strategy, a brilliant ploy to reduce the gargantuan supply and ostensibly increase the coin’s value, has seen the incineration of 410,752,071,267,334 SHIB, a staggering 41% of the original supply. According to the ever-watchful eyes of Shibburn, this is no small feat.

A significant contributor to this fiery spectacle is none other than Ethereum’s co-founder, the enigmatic Vitalik Buterin. In May 2021, Buterin, who had been unwittingly bestowed with half of the Shiba Inu supply, decided to partake in the greatest act of digital philanthropy since the invention of the paperclip. He burned 410 trillion SHIB and donated 50 trillion SHIB (worth a cool $1.2 billion at the time) to charity. This act, which reduced the supply by a whopping 90%, totaling $6.7 billion, was as surprising as finding a unicorn in your garden shed. 🦄

The deflationary trend shows no signs of slowing down. In the past 24 hours, a mere 1,102,997 SHIB were consigned to the flames, and a whopping 629,718,781 SHIB have met their fiery end in the last seven days—a 1,720% increase in the weekly burn rate. It seems the Shiba Inu community is more committed to reducing their token supply than a gym-goer in January.

Shiba Inu turns five

When SHIB first entered the scene in August 2020 with a paltry $3,000 liquidity, it was dismissed by many as “just another dog token.” However, by October 2021, SHIB had grown from a mere puppy to a roaring lion, rising approximately 150,000 times to an all-time high (ATH) of $0.000088. For a brief moment, it even outshone its elder cousin, Dogecoin, and joined the illustrious ranks of the top 10 cryptocurrencies.

2021 was a banner year for SHIB. It was accepted by retailers like Newegg for payments, listed on major exchanges such as Binance (May 2021) and Coinbase (September 2021), and saw the launch of ShibaSwap, its very own decentralized exchange. By December 2021, ShibaSwap had matured into a full-fledged DEX, complete with LEASH and BONE tokens.

The good times continued into 2022, with SHIB being listed on Robinhood in April, and the global launch of Shiba Eternity, a mobile card game, in October. The year 2023 brought the release of Shibarium, the Shiba Inu Layer-2 blockchain, to the mainnet, solidifying SHIB’s place in the crypto ecosystem.

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2025-08-02 18:32