SHIB rekindles 410 trillion SHIB destruction: a double leap in market potential and community cohesion?

Since its birth, SHIB has been closely linked to the entire cryptocurrency market, and its price trend often coincides with the vane of BTC.

The price of SHIB is not only affected by the overall market, but also contains deep-seated motivations such as market demand and token destruction. It is particularly worth mentioning that in May last year, Ethereum co-founder Vitalik Buterin destroyed 410 trillion SHIB tokens in one fell swoop, which was equivalent to more than 41% of the total supply at the time, shocking the entire crypto circle.

It was this feat, coupled with the market's upward momentum at the time, that helped SHIB climb to its historical peak of $0.00008845 in October of the same year. Now we can't help but wonder: If someone can replicate Vitalik's feat again, what kind of leap will SHIB's coin price usher in? This is not only a profound discussion of market potential, but also a warm outlook on SHIB's community cohesion and future prospects.

In the Shiba Inu community, token destruction has slowed down, but the flame has not died. To understand the far-reaching impact of destroying another 410 trillion SHIB tokens, it is necessary to analyze the potential impact of this move on SHIB's price trend. The current market value of SHIB is $10.07 billion, and the circulating supply is about 589 trillion. If 410 trillion SHIB can be successfully destroyed, the circulating supply will drop sharply to about 179 trillion, and this huge change will undoubtedly cause waves in the market.

Market value grows in sync: If the market value can grow in proportion to the reduction in supply, the price of SHIB will usher in a leap. Considering the ratio of supply reduction from 589 trillion to 179 trillion, about 3.29 times, the market value will be adjusted to about $33.12 billion accordingly. With this new market value and the reduced supply of 179 trillion coins, the price of SHIB is expected to climb to about $0.000185, a 983% surge from the current price, which is undoubtedly a huge boost to investor confidence.

 #今日市场观点 $SHIB

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