Big Event! 99% of SHIB to be Destroyed? 🔥🔥🔥
The market capitalization of SHIB has reached $15 billion, and the recent speed of token destruction is astonishing, sparking market discussions.
1. Destruction Status
SHIB originally had 999 trillion tokens, and now 410 trillion have been destroyed, leaving only 541 trillion in circulation. The recent destruction rate has skyrocketed by 6220%, leading to discussions about its future price and ecosystem:
• If 99% is destroyed, can it rise to $1?
• Will it disrupt the ecological balance of SHIB?
2. Official Response and Market Observation
SHIB's chief developer Kusama stated:
• Technically feasible: It is indeed possible to continue large-scale token destruction.
• But destruction is not a cure-all: The ecosystem of SHIB (such as DeFi and Shibarium projects) is also crucial.
• Risk Reminder:
• If the price surges too quickly, it may scare off buyers and negatively impact the destruction plan.
• A balance must be found between token destruction and ecological development for long-term growth.
3. Price Trend Analysis
Currently, the price of SHIB is rising, and technical analysis suggests that if it breaks through key resistance levels, it may rise to $0.000045.
However, to achieve the $1 target, not only more tokens need to be destroyed, but also significant efforts must be made to promote improvements in ecosystem projects and reach a consensus within the community.
4. Future Outlook
There are also speculations in the market about whether "Marvin" is the next SHIB. Whether SHIB can continue its glory still needs to observe the balanced development of its ecosystem and destruction pace.
And whether Marvin can become the next SHIB is also worth watching!
What do you think?
