Shiba Inu is closing in on a significant burn milestone, with nearly 410 trillion SHIB tokens already removed from circulation. Despite the substantial burn event, the price has failed to reflect any noticeable bullish momentum. Data indicates that over 409 trillion SHIB tokens have been destroyed since the burn mechanism began, primarily driven by Vitalik Buterin’s early contributions and the Ethereum community’s enthusiasm. However, the frequency of new burns has slowed considerably in recent years, resulting in minimal progress in the past year and a half. This has led market analysts to view the 410 trillion mark more as symbolic than reflecting genuine market changes. The price of SHIB currently struggles to stay above $0.000016, hovering near $0.000015. Resistance at the 200-day Exponential Moving Average remains a significant barrier to any substantial upward movement.