From what I've seen in the last 4 years of Shiba, it's likely that it won't take long for it to melt to zero.
LIVE
Janni Olsson
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Bullish
🚨 SHOCKING QUESTION: Can Burning 99% of $SHIB Propel It to $1 or Shatter Its Ecosystem? 🚨
Shiba Inu ($SHIB), once the underdog meme coin, is now a heavyweight in the crypto space with a $15 billion market cap. But with an astonishing 6,220% surge in burn rate, one burning question is on everyone’s mind:
🔥 Could burning 99% of SHIB’s supply make it hit $1? Or would it destroy its future?
Here’s what Shytoshi Kusama, Shiba Inu’s lead developer, has revealed:
💡 The Road to $1: Is Burning the Answer? SHIB’s burning strategy is making waves:
410 trillion tokens burned, leaving 541 trillion circulating out of the original 999 trillion supply.
A skyrocketing burn rate has ignited excitement across the community.
But Kusama cautions: “It’s not just about burning tokens.” While technically possible, hitting $1 requires more than just burns—a combination of ecosystem growth and strategic burning is key to sustainable price gains.
⚠️ The Risks of Over-Burning Kusama highlights potential dangers: 1️⃣ Price Surge Slows Burns: As SHIB’s price rises, fewer tokens get burned, slowing future progress. 2️⃣ Ecosystem Damage: Over-burning could hurt SHIB’s adoption, utility, and overall growth.
Balance is critical—burning too much, too fast could destabilize the ecosystem.
🔥 Enter Shibarium: SHIB’s Game-Changing Innovation The Shibarium layer-2 solution is redefining SHIB’s future:
8 million blocks processed and over 400 million transactions completed.
Lower fees and faster speeds, making SHIB more scalable and practical for real-world use.
Shibarium isn’t just a technical upgrade—it’s a key driver of SHIB’s long-term success, encouraging adoption and utility.
🚀 What’s Next for SHIB? The future is full of potential, but the path to $1 lies in strategic burns, ecosystem expansion, and community-driven innovation.