$SHIB
SHIB Burns Surge by 2,542%—Will the Price Follow? 🚀🔥
Shiba Inu’s burn rate surged by 2,542% in the last 24 hours, with 68,170,710 SHIB tokens removed from circulation. Major burns included 53,423,510 SHIB and 14,742,910 SHIB sent to dead wallets. 💥💀
Despite this, SHIB’s price fell by 8.55%, dropping to $0.00003014 after a 24% surge earlier this week. The price continues to face resistance at $0.000033. 📉💰
In the past week, the community burned 2,985,633,942 SHIB. To reach $0.01, SHIB’s supply needs to drop from 589 trillion to 1.8 trillion coins—a reduction of 587 trillion coins. 🔥 To hit $0.10, it must fall to 176.7 billion coins. 🚀💎
To meet these goals, SHIB would need to burn approximately 1.6 trillion coins daily. This high burn rate requires innovative strategies to reduce supply while maintaining demand. ⚡️
Burning tokens increases scarcity, boosts price, and energizes the community, but achieving these targets within a year is a monumental task. 🏆🔥