$SHIB
SHIB Burns Surge by 2,542%โWill the Price Follow? ๐๐ฅ
Shiba Inuโs burn rate surged by 2,542% in the last 24 hours, with 68,170,710 SHIB tokens removed from circulation. Major burns included 53,423,510 SHIB and 14,742,910 SHIB sent to dead wallets. ๐ฅ๐
Despite this, SHIBโs price fell by 8.55%, dropping to $0.00003014 after a 24% surge earlier this week. The price continues to face resistance at $0.000033. ๐๐ฐ
In the past week, the community burned 2,985,633,942 SHIB. To reach $0.01, SHIBโs supply needs to drop from 589 trillion to 1.8 trillion coinsโa reduction of 587 trillion coins. ๐ฅ To hit $0.10, it must fall to 176.7 billion coins. ๐๐
To meet these goals, SHIB would need to burn approximately 1.6 trillion coins daily. This high burn rate requires innovative strategies to reduce supply while maintaining demand. โก๏ธ
Burning tokens increases scarcity, boosts price, and energizes the community, but achieving these targets within a year is a monumental task. ๐๐ฅ