Investors who bought Shiba Inu (SHIB) at low prices two years ago now face substantial losses, with many simply hoping to break even. The primary cause of lost confidence is Shibarium's Layer 2 network's failure to deliver on its promised token burn mechanism. Since its launch in 2023 through 2026, Shibarium has only burned 1 billion SHIB tokens, worth approximately $15,000 as of May 2025——such a negligible burn rate has had almost no effect on supporting the price or justifying previous hype about the $0.01 target.

SHIB2,22%
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