After Vitalik Buterin destroyed 410 trillion SHIB in 2021, the future price of Shiba Inu may rise.
If a similar investigation event happens again, the SHIB price may rise to around $0.00018. All along, the market has been driving the price trend of Shiba Inu.
Since its launch, Shiba Inu has been following the trend of Bitcoin (BTC) and has experienced multiple increases.
Currently, the price of Shiba Inu has fallen 80.6% from its all-time high of $0.00008845.
The Shiba Inu community has been conducting investigation activities, albeit at a slower pace. We evaluated how much the SHIB price may rise if an event similar to the scale of Vitalik's investigation occurs again.
Currently, the market value of Shiba Inu is about $10.07 billion, and the circulating supply is about 589 trillion SHIB.
If an entity surveys 410 trillion SHIB tokens again, the circulating supply will be significantly reduced and the new circulating supply will be about 179 trillion SH
If the market value of Shiba Inu increases in proportion to the supply change rate to $33.12 billion and the new circulating supply is 179 trillion, the new price will be $0.000185.
This indicates that the current value of Shiba Inu has increased by 983%. However, if the market value remains at $10.07 billion after surveying 410 trillion tokens, the price change will be lower.
With a market value of $10.07 billion and a circulating supply of 179 trillion, the Shiba Inu price will be $0.0000562. This price is still lower than the historical high price of SHIB.
