#shib

The currently circulating SHIB tokens are approximately 589 trillion. If 50% of the tokens are burned, there will be about 294.5 trillion tokens in circulation. Assuming that SHIB's market cap remains at $15.87 billion, under these circumstances, the price of each token would reach $0.00005388.

Reaching $0.00005388 from the current price level would result in an increase of about 99.8%. This increase may seem significant, but it is still below SHIB's historical high of $0.00008616.

If SHIB's market cap increases while its circulating supply decreases, the price of this asset could far exceed $0.00005388.

Shiba Inu's chief developer Shytoshi Kusama has also emphasized that simply burning tokens will not drive up SHIB's price. Burning must be combined with an increase in demand to significantly raise the price.

It has been reported that the SHIB team is researching a new burn mechanism that is rumored to burn trillions of tokens each year. The new burn mechanism may help push SHIB's price to new highs.