$SHIB Big News! They are actually going to destroy 99% of the tokens!
SHIB has now become a billionaire with a net worth of $15 billion, and its token destruction speed is astonishing! If 99% of SHIB is destroyed, do you think it will skyrocket to a high price of $1? Or will this cause the SHIB community to collapse?
Recently, the SHIB token destruction has been like a tornado, destroying 6220 times the tokens in just a few days. Originally, there were 999 trillion tokens, and now it has decreased by 410 trillion, leaving only 541 trillion circulating in the market.
SHIB's top developer, Kusama, seems quite calm. He said that technically destroying the tokens is not a problem, but it is not a matter of just destroying them and being done. The ecological projects of Shiba Inu, like DeFi and others, also need to keep up the pace.
However, Kusama also reminded that destroying too aggressively poses risks; if SHIB's price rises too high, buyers may hesitate to purchase, and the destruction speed would have to slow down, which could hinder SHIB's development. It’s essential to find a balance between token destruction and other efforts for SHIB to truly unleash its potential.
Currently, SHIB's price is still rising, and experts are quite optimistic. Technical analysis suggests that as long as a certain key price level is broken, the price could rise to $0.000045.
But if they want SHIB to break the $1 mark, SHIB players must find the right balance between token destruction and improving projects like Shibarium. Simply put, they need to strike the right balance.
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