Hi Traders hope you all are doing well,

One significant strategy involves massive token burns. Shiba Inu currently has a circulating supply of over 589 trillion tokens. This extensive supply stands as one of the major obstacles to a meteoric surge. For instance, at $0.001, $SHIB will have a $589 billion market cap if its circulating supply remains stable.

If extensive burns help to significantly reduce the circulating supply, the remaining tokens become more scarce. This scarcity can lead to an increase in the token’s value. The Shiba Inu community and the ecosystem team have periodically carried out burn events to remove a large number of tokens from circulation.

#Megadrop #EarnFreeCrypto2024 #FIT21 #BinanceLaunchpool best of luck 🍀