The meme coin Floki has seen an astonishing 800% surge in the last month, potentially turning a $1,000 investment into $9,000. This surge followed the burning of 1 trillion tokens by the Floki Inu developers. On the other hand, Shiba Inu experienced a 280% increase in the same period without burning a significant number of SHIB tokens.
When asked about burning 1 trillion SHIB tokens, lead developer Shytoshi Kusama explained that SHIB developers don't possess such a large token reserve like Floki's developers. Therefore, burning 1 trillion SHIB tokens isn't feasible. Shytoshi emphasized their commitment to the community and the project's decentralization.
To achieve the milestone of reaching $0.01, SHIB needs to reduce trillions of tokens from circulation. Without sending SHIB tokens to a dead wallet, reaching this price target remains improbable due to the vast supply. Even with a bullish market, SHIB's growth potential is limited by its massive supply.
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