ShibTorch SHIB Burns Stall With Only 371.37 of 1,000 BONE Collected

ShibTorch Page Stops Loading Burn Data

Questions over Shiba Inu (SHIB) burning resurfaced on Thursday after community member Ed Salomons shared a screenshot of the ShibTorch page on the project's official shib.io website. The page returned a “failed to load burn information” notice, and the field showing the total SHIB accumulated appeared empty. “Loading, constantly updating...,” Salomons wrote, recalling the burner's founding premise that every transaction would contribute to a burn. The Shiba Inu price slipped about 5.3% over the past 24 hours, a modest move against the backdrop of a burn pipeline that has quietly stopped working. ShibTorch runs on Shibarium, the Shiba Inu ecosystem's dedicated appchain network built to cut transaction fees and expand on-chain utility. The mechanism collects BONE from Shibarium gas fees, converts its share through an on-chain swap into SHIB and sends the tokens to a dead wallet on Ethereum. The shib.io display, however, pulls every figure from an indexer that no longer operates, which is why the page fails to render even though the underlying contracts keep running. Long-time community member Mazrael, who follows the same data straight from those contracts through the ShibWatch tracker, stepped in to explain the anomaly.

@EdwardSalomons · X post

Salomons wrote.

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Two Blockers at 371.37 BONE and a Paused Bridge

ShibWatch figures Mazrael laid out publicly show two separate failures keeping the burner idle. The Shibarium-based burn portal requires 1,000 BONE to accumulate before its contract will start a burn, and the current tally stands at just 371.37 BONE, so the contract refuses to fire. Anyone can trigger the burn once the threshold is met, Mazrael noted, but it would fail anyway because the bridge marking the Shiba Inu (SHIB) route has been paused, even as the system continues collecting BONE gas fees. His breakdown points to a deeper lock on the Ethereum side: the exitandburn function claims SHIB through the bridge's ERC20 lane, and the rootchainmanager component has not been permitted to release ERC20 assets from escrow since the 2025 exploit. That restriction technically freezes the second stage of the burn process, meaning attempted burns are likely to keep failing until the SHIB route reopens. Cumulatively, ShibWatch data shows 69.32 billion SHIB has been burned through Shibarium's SHIB Torch, worth about $1.27 million at the prices in effect when each burn occurred. Mazrael argues ShibTorch could grow into SHIB's largest burn source after Ethereum co-founder Vitalik Buterin, who sent 410.24 trillion SHIB to dead wallets in May 2021 in one of crypto's largest burns. ShibTorch is under maintenance for now, he added, as work continues on the bridge and other infrastructure components.

@Mazrael_shib · X post

His breakdown.

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Burn Recovery Hinges on the Bridge

Our reading is that the halt reflects two independent choke points, and only one of them resolves on its own. The 371.37 BONE shortfall will close with normal fee accumulation, but the escrow restriction left behind by the 2025 exploit has frozen the Ethereum leg for an extended period, and no timeline for the bridge reopening has been published. The stall lands on an already weak activity picture: daily transactions dropped to 659, the lowest since September 20, a 2,349% burn-rate jump produced only $5 worth of tokens, and a 63.49 billion-token net inflow to exchanges added supply pressure. How the altcoin absorbs that overhang is tracked on our SHIB technical analysis page.