$SHIB Major Event! 99% of Tokens to be Burned!
SHIB's market capitalization has now reached $15 billion and the speed of token burning is astonishing! If 99% of SHIB is burned, could it suddenly rise to $1? Or would this destroy the entire SHIB ecosystem?
Recently, the burning of SHIB has been as fierce as a storm. In just a few days, the burning rate has skyrocketed by 6220%. Originally, there were 999 trillion tokens, and now 410 trillion have been burned, leaving only 541 trillion circulating in the market.
SHIB's chief developer, Kusama, remains quite calm. He stated that technically it is indeed possible to do this, but burning tokens is not a cure-all; the ecological projects of Shiba Inu, such as DeFi, are also equally important.
However, Kusama warned that if the burning is too aggressive, the risks could be significant. If SHIB's price rises too high, buyers may be scared to purchase, slowing down the burning rate and hindering SHIB's development. Only by finding a balance between burning tokens and other efforts can SHIB reach its maximum potential.
Currently, SHIB's price is still rising, and experts are optimistic. Technical analysis shows that as long as a certain key point is broken, the price could rise to $0.000045.
But to challenge $1, the SHIB community must find that perfect balance between burning tokens and improving projects like Shibarium.
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