How high will the future price of Shiba Inu coin be after Vitalik burns 410T SHIB?

If someone burns 410 trillion SHIB like Ethereum founder Vitalik Buterin did in 2021, the price of Shiba Inu could potentially rise to around $0.00018. The big market has dominated the price trend of Shiba Inu for many years.

Therefore, since its launch, this meme coin has been experiencing a series of ups and downs in the footsteps of Bitcoin (BTC). Currently, Shiba Inu has fallen 80.6% from its all-time high of $0.00008845.

What if someone burns 410T Shiba Inu?

The Shiba Inu community has been persisting in the destruction activities, albeit at a rather slow pace. While people are speculating on the possible impact of the destruction on the price of Shiba Inu, we evaluated how much the price of SHIB might rise if a destruction event similar to the size of Vitalik's transaction occurs again. Currently, Shiba Inu has a market cap of approximately $10.07 billion and a circulating supply of approximately 589 trillion SHIB. If an entity destroys another 410 trillion SHIB tokens, the circulating supply will be significantly reduced. Therefore, the new circulating supply will be approximately 179 trillion SHIB.

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If Shiba Inu's market cap increases in proportion to the supply change rate to $33.12 billion and its new circulating supply is 179 trillion, the new price will be $0.000185. This represents a 983% increase in the current value of Shiba Inu. However, if the market cap remains at $10.07 billion after the destruction of 410 trillion tokens, the price change will be lower. With a market cap of $10.07 billion and a circulating supply of 179 trillion, the price of Shiba Inu will be $0.0000562. This price is still lower than the historical high price of SHIB.

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