đ¨ SHOCKING REVEAL: Will Burning 99% of $SHIB Skyrocket It to $1 or Ruin Its Future? đ¨
Shiba Inu ($SHIB), once dismissed as just another meme coin, is now becoming a serious player in the crypto world. With a $15 billion market cap and an extraordinary 6,220% surge in burn rate, the project is catching everyoneâs attention. But the big question remains: Will burning 99% of SHIBâs supply push it to $1, or could it destroy the ecosystem?
Hereâs what Shytoshi Kusama, the lead developer, has to say.
đĽÂ Can Burning 99% of $SHIB Make It $1?
Shiba Inuâs burning frenzy is making headlines:
410 trillion tokens burned, leaving 541 trillion circulating out of the original 999 trillion.Recently, the burn rate skyrocketed, stirring excitement in the community.
But Shytoshi Kusama responded to speculation on whether a 99% burn could drive SHIB to $1. His insight?
âItâs not just about burning tokens,â Kusama emphasized. While technically possible, burning alone isnât enough to reach $1. Instead, a mix of ecosystem growth and strategic burns is essential for sustainable price gains.
â ď¸Â The Dangers of Burning Too Much, Too Fast
Kusama issued a critical warning:
Expensive Tokens Slow Burns: If SHIBâs price skyrockets, fewer people might buy, making future burns harder.Ecosystem Damage: Overburning could destabilize SHIBâs growth, harming its adoption and utility.
This highlights the need for balance between burns and ecosystem development.
đĽÂ Shibarium: A Game-Changer for $SHIB
The Shibarium layer-2 solution is one of Shiba Inuâs most promising innovations:
8 million blocks processed, with over 400 million transactions completed.Lower fees and faster speeds, making SHIB more scalable and practical.
Shibarium isnât just a technical upgradeâitâs a key driver for long-term success, creating real-world utility for SHIB and encouraging widespread adoption.
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