SHIB is actually going to burn 99% of its tokens!
SHIB has now become a big player worth $15 billion, and its token burn rate is frighteningly fast! Imagine, if 99% of SHIB were burned, would it shoot up to a high price of $1? Or would it mean that the entire small circle of SHIB would fall apart?
Recently, the burning of SHIB tokens has been as rapid as a tornado; in just a few days, the tokens burned have multiplied by 6220 times. Originally, there were 999 trillion tokens, and now 410 trillion have been burned, leaving only 541 trillion in circulation.
SHIB's top developer Kusama remains quite calm. He said that technically, burning tokens is indeed not a problem, but it's not a matter of burning them and everything will be fine. The ecological projects of Shiba Inu, like DeFi and others, also need to keep up.
However, Kusama also mentioned that burning too aggressively carries risks; if SHIB's price rises too high, buyers might be scared to purchase, and the token burn rate would have to slow down, which could hinder SHIB's development. Only by finding the balance between burning tokens and other efforts can SHIB truly unleash its potential.
Currently, SHIB's price is still rising, and experts are optimistic. Technical analysis suggests that as long as a certain key position is突破, the price could rise to $0.000045.
However, to break through the $1 barrier, SHIB players must find that just-right balance between burning tokens and improving projects like Shibarium.