Exploring Shiba Inu's Path to $1: Insights on Shibarium Burns
Shiba Inu's team announced Shibarium's initiation of SHIB token burns starting January 2024, with 70% of transaction fees allocated for this purpose. However, even with Shibarium burning 3 trillion tokens annually, reaching $1 for SHIB seems unlikely within our lifetime due to ample supply and limited demand. With 589 trillion tokens in circulation and only 1.3 million holders, achieving $1 would require Shibarium to exceed a burn rate of 100 trillion tokens annually. $SHIB
