In the past week, SHIB has welcomed a "destruction carnival," with the destruction volume skyrocketing by 7400%, nearly 2 billion tokens removed from circulation, making Shiba Inu the focus of the crypto world. Currently, its price is just a step away from the $0.0004 mark, and investor enthusiasm has surged accordingly.
The "engine" of destruction roars, supply plummets
According to Shibburn data, in the week of November 30, nearly 2 billion SHIB were destroyed, reducing the circulating supply of Shiba Inu to 589.26 trillion coins. According to supply and demand logic, this large-scale "slimming down" injects strong momentum for price increases, and subsequent upward potential is expected.
Executives take the lead in destruction, supporting long-term value
SHIB executive Kaaldhairya personally took action, destroying over 80 million SHIB, and shared a destruction animation to "show strength," demonstrating confidence in SHIB's future potential and highlighting the broad prospects after the upgrade of the automatic destruction mechanism.
Price trend: Is $0.0004 just around the corner?
Currently, the SHIB price has slightly retreated to $0.00002593, however, thanks to the destruction wave and community building, it has still risen 39% in recent months. Analysts point out that if this growth momentum is maintained, breaking through $0.00003 and challenging $0.0004 is not out of reach.
At present, whales continue to accumulate, and bullish sentiment in the market remains high. The destruction mechanism of SHIB, along with its community-driven long-term potential, should not be underestimated and is worth close tracking.
What does the future hold? Pay attention to the newcomers, and witness SHIB's next breakthrough together!
