Shiba Inu ($SHIB): Can 99% Burn Drive It to $1 or Harm the Ecosystem?

Shiba Inu’s massive 6,220% burn rate surge has fueled speculation about hitting $1. While over 410 trillion tokens have already been burned, experts emphasize that burns alone won’t guarantee such a price rise.

Key Insights:

1. Feasibility of Burning 99%

Current supply: 541 trillion tokens.

Strategic burns must align with ecosystem growth for sustainable gains.

2. Risks of Overburning

Expensive tokens may slow future burns.

Excessive burns risk ecosystem instability, hindering adoption and utility.

3. Shibarium’s Role

Layer-2 Shibarium supports scalability with 400M+ transactions.

Enhances SHIB’s practicality and adoption through lower fees and faster transactions.

Conclusion: Burning 99% is exciting but risky. Sustainable growth requires strategic burns, real-world utility, and ecosystem innovation like Shibarium to balance hype with long-term viability.

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