To reach a price of $1, a staggering 99.99998% of Shiba Inu's total tokens would need to be burned, leaving only 18 billion tokens remaining ¹. This means that out of the current 589 trillion tokens in circulation, approximately 571 trillion tokens would need to be removed from circulation forever.
To put this into perspective, if we consider the current burn rate, it would take approximately 13,271 years to burn the necessary amount of tokens to reach $1 ¹. This highlights the immense challenge of achieving a $1 price tag for Shiba Inu.
It's essential to note that burning tokens doesn't create value; it merely reduces supply, which can potentially increase the token's price ¹. However, the actual impact of token burning on Shiba Inu's price is uncertain and influenced by various market factors.
