Recently, $SHIB has really taken off, with retail investors rushing in headlong and big players also adding millions in positions.
There are also die-hard fans of SHIB who directly bought and stored it in their wallets, planning to stick with it for the long haul.
Amidst this excitement, SHIB dropped a bombshell: it announced it would reclaim 99% of the SHIB tokens!
Once this news broke, the market exploded, and people were buzzing: reclaiming so many tokens, will the price skyrocket, reaching 1 dollar?
Or will this maneuver lead to SHIB's collapse?
The recent issuance speed of SHIB is truly dizzying, with the issuance rate increasing by thousands of times in just a few days. Out of a total of 999 trillion tokens, 410 trillion have already been issued, leaving only 541 trillion in the market.
However, while SHIB technically has no problem with issuing tokens, this is not a panacea. For SHIB to develop well, it still needs to rely on its ecological projects, such as DeFi.
If the issuance is too aggressive and the price too high, new buyers may get scared and run away, which would be detrimental to SHIB. Therefore, it needs to find a suitable rhythm, coordinating the issuance with other developments.
Currently, SHIB's price is still rising. From a technical standpoint, as long as SHIB can break through a certain level, the price can reach 0.000045 dollars.
But if it wants to rise to 1 dollar, the SHIB community needs to work hard, controlling the issuance while enhancing its ecological projects.
Ultimately, whether a coin can hold value depends on the strength of its ecosystem, its ability to sustain development, and its widespread use. This is the hard truth. No matter how many diverse voices there are in the market, they cannot completely dictate the price fluctuations of a coin.
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