As a blockchain analyst with roots in quantitative finance, I’ve watched SHIB’s 410.74T token burn—not as hype, but as a calibrated act of supply reduction. With 41% of initial supply destroyed, the market’s reaction remains non-linear, detached from speculative FOMO. This isn’t about price pumps; it’s about protocol-level redistribution, Shibarium expansion, and on-chain metrics revealing structural integrity. The data doesn’t lie—it reveals what you refuse to see.