SHIB Big News: Plan to Burn 99% of Tokens?! 🔥
Currently, $SHIB is a huge project with a market value of 15 billion dollars, and its token burning speed is astonishing. If the plan to burn 99% of SHIB is true, will the price soar to 1 dollar? 💥 Or could this approach lead to the collapse of the SHIB community? 🤔
Recently, the burning process of SHIB has advanced at a lightning speed, with the number of tokens burned increasing by 6220 times in just a few days! The original 999 trillion SHIB tokens have had 410 trillion burned, leaving only 541 trillion tokens in circulation ⚡️.
However, SHIB's core developer Kusama remains calm, stating that while technically burning tokens is feasible, mere destruction does not solve all problems. He emphasizes that the ecological development of SHIB, especially projects like DeFi, must also progress in tandem ⚙️.
Additionally, Kusama issued a warning that rapid token burning could trigger risks. If the price of SHIB skyrockets too quickly, investors may hesitate to buy, leading to a slowdown in the burning rate and ultimately affecting SHIB's long-term development 🛑. He believes that only by finding the right balance between burning and other ecological developments can SHIB realize its true potential 🚀.
Currently, SHIB's price continues to rise 📈, and experts are optimistic about its prospects. Technical analysis suggests that once a certain key price level is broken, SHIB is expected to rise to 0.000045 dollars 🔝.
However, to achieve the goal of 1 dollar, SHIB supporters must find a perfect balance between token burning and the enhancement of projects like Shibarium ⚖️.
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