Could That Meme Coin Burn Reach 9.25 Trillion In January? The Community Is Excited!

As the Shibarium team prepares to automate Shiba Inu burns starting this month, there is talk that the burning portal could burn 9.25 trillion tokens in January 2024.

Ever since Shiba Inu developers announced plans to automate Shibarium-powered burns starting this month, community members have been curious about the number of SHIB that will be burned per month through the portal.

While some in the community believe that the layer-2 blockchain can burn trillions of SHIB per month, others believe that even billions cannot be exceeded. A community member known by the pseudonym Queenie shared that he expects 111 trillion tokens to be burned in 2022.

According to this estimate, the Shibarium burning portal can burn 9.25 trillion SHIB tokens per month. However, the Shiba Inu team has yet to confirm this claim or disclose the number of tokens that will be burned each month.

The Shibarium document states that 70% of the network's Base fee will be used to buy and burn SHIB. However, the burn will occur when the burn contract reaches the $25,000 threshold.

For context, the Shibarium team launched four manual incinerators last month, burning a total of 33.8 billion SHIB. With one SHIB changing hands at $0.00000982, 33.8 billion tokens are worth $331,916.

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