Shiba Inu ($SHIB ) has become a subject of controversy, as its current market capitalization stands at $13.87 billion, and the burn rate has increased by 6220% in recent days. With more than 410 trillion tokens burned from the initial supply of 999 trillion, heated discussions are underway about whether a 99% reduction in the circulating supply of SHIB can raise its price to $1.
The lead developer of Shiba Inu, Shytoshi Kusama, responded to questions regarding the feasibility of burning 99% of the SHIB tokens. He stated that while such a move is possible, it may not be sufficient to raise the token's price to $1. According to him, burning tokens alone cannot sustain price growth without broader adoption and development of the ecosystem.
