After many years in the industry, having seen countless tokens rise and fall, the recent SHIB burn event really needs to be understood clearly.

The fact that 410 trillion SHIB tokens were sent to a black hole isn't a sudden move that just happened recently. The pivotal moment was in 2019—Ethereum founder V God directly locked a large amount of SHIB from his team into a permanent burn address. This move caused SHIB's price to jump over 90% within a few hours. That was the turning point.

From a numerical perspective, this burn of 410 trillion tokens reduced SHIB's total supply from 1 quadrillion to about 589 trillion, a burn rate of over 40%. Imagine a publicly listed company suddenly repurchasing and canceling nearly half of its circulating shares—that's the kind of impact it has.

But here's the interesting part—many people ask, given the enormous total supply, does this burn really make a difference? My view is that it depends on how you look at it.

In the short term, psychological expectations often have a more direct impact than actual supply and demand changes. Currently, SHIB's circulating supply is still as high as 589 trillion tokens, but the fact that 410 trillion tokens were permanently burned has indeed shifted the narrative. The market's perception of scarcity can sometimes drive prices more than actual data. That's why V God's initial move triggered such a large chain reaction.

The key isn't what the burn has solved, but what it symbolizes—community members genuinely expressing their stance with real money.