Recently, a significant piece of news regarding SHIB (Shiba Inu Coin) has shocked the market: there are rumors that 99% of SHIB tokens will be burned! Currently, SHIB's market capitalization has reached 15 billion dollars, and the speed at which tokens are being burned is astonishing. This news has triggered widespread attention and heated discussions in the market: if 99% of SHIB is indeed burned, can it soar to 1 dollar? Or will such a move destroy the entire ecosystem of SHIB?

In fact, the recent burning actions of SHIB have indeed been intense, with the burn rate skyrocketing by 6220% in just a few days. Originally possessing 999 trillion tokens, SHIB has now burned 410 trillion, leaving only 541 trillion circulating in the market. This massive amount of destruction has undoubtedly affected SHIB's price.

However, in the face of this astonishing situation, SHIB's chief developer Kusama seems relatively calm. He stated that technically, it is indeed possible to achieve a large-scale burning of tokens, but burning is not a panacea. The ecological projects of Shiba Inu, such as DeFi, are equally crucial. Kusama warned that if the burning is too intense, it could lead to SHIB's price being too high, which could scare off potential buyers, and the burning speed would subsequently slow down, hindering SHIB's development. Therefore, finding a balance between burning tokens and other efforts is essential.

Currently, SHIB's price continues to rise, and experts are generally optimistic. Technical analysis shows that as long as SHIB can break through a certain key point, its price could potentially rise to 0.000045 dollars. However, to reach higher prices, such as 1 dollar, SHIB's community must find the perfect balance between burning tokens and improving ecological projects like Shibarium. This not only requires collective effort and wisdom from the community, but also a deep insight and grasp of market dynamics and investor psychology.