Shiba Inu Burns 99% of Supply: Will It Reach $1?

The Shiba Inu (SHIB) burn rate has surged by 6,220% recently, reducing the circulating supply to 541 trillion tokens after burning over 410 trillion. However, Chitoshi Kusama explained that the burn alone will not be enough to reach $1. The coin’s success depends on balanced growth, including DeFi projects and the development of Shibarium, which has processed over 400 million transactions and helped improve scalability and reduce fees.