#SHIB
SHIB Inu Destruction Storm Approaches, Is $0.01 Within Reach?
The SHIB Army is Coming!
The SHIB Inu project, inspired by the popular meme “ShibSoonWillbeOnMoon,” has recently gained attention due to the community-driven “destruction” initiative. Destruction involves sending SHIB tokens to inaccessible wallets, making them disappear from circulation, thus creating scarcity which may enhance value.
New Destruction Trends: By December 25, 2024, the destruction rate of Shiba Inu is expected to significantly increase. Data shows that the destruction rate of #Shibarium surged by about 97%, with more than 6.26 million SHIB destroyed within 24 hours. This demonstrates the community's determination to reduce circulating supply.
Since the birth of SHIB, over 410 trillion tokens have been destroyed, resulting in a much lower total supply compared to the initial trillion tokens.
Looking Back, Looking Forward
The SHIB community has been actively implementing destruction plans. For example, during the month leading up to December 25, 2024, there were a total of 90 destruction transactions, averaging 3.6 transactions per day. Although this is a decrease of 6.79% compared to the previous month, the average number of tokens destroyed daily has increased by 152.92%, indicating that the scale of destruction transactions has grown.
“#SHIB: Metaverse” and the upcoming TREAT token are expected to further increase the destruction rate and promote the development of the entire ecosystem.
The Dream of $0.01: How Much More Needs to Be Destroyed?
Aiming to push the price of SHIB to $0.01 is indeed a bold goal. The current circulating supply is too large, presenting a significant challenge. Currently, about 584 trillion tokens are in circulation; to reach $0.01, the market cap would need to be $5.84 trillion, which is larger than the entire CryptoTrends market size for 2024.
To achieve the dream of $0.01, the supply must be drastically reduced.
Last night, U.S. stocks closed higher, and unless something unexpected happens, Christmas will likely pass peacefully. Therefore, the market after Christmas is expected to be influenced by Trump's return, so this phase could be considered for some investments, with promising altcoins already selected, which could potentially double upon breakout. For those holding positions, let's strategically plan for this wave of expectations!
