On November 30, SHIB's weekly destruction volume soared by 7,400%, and nearly 2 billion tokens were completely destroyed, pushing the market supply of Shiba Inu coins down to 589.26 trillion. Such large-scale destruction undoubtedly provides strong upward momentum for SHIB prices, especially driven by the principle of supply and demand, and prices are expected to gradually rise. Kaal executives take the lead in destruction, full of confidence SHIB executive Kaaldhairya announced that he had just destroyed more than 80 million SHIBs and shared cool animations during the destruction process. This move strengthened his confidence in SHIB's long-term potential and also allowed the market to see the huge potential after the automatic destruction mechanism was upgraded.
SHIB price outlook: $0.0004 is just around the corner?
At present, the price of SHIB has slightly adjusted to $0.00002593, but due to the surge in destruction and community progress, the token has still risen by 39% in the past month.
Musk's concept meme project#Marvin(7055) also destroyed 12% of its tokens ten days ago, and its market value rose from 6 million US dollars to more than 20 million US dollars. The current market value is low and has great potential, which deserves attention!
