- Shiba Inu has about 589 trillion tokens in circulation and a market cap near $4.24 billion.
- A hypothetical burn of 100 trillion tokens would raise the token price to roughly $0.00000867 if market cap stayed at $4.24 billion.
- If market cap rose to $10 billion before the burn, the same supply cut would imply a token price near $0.0000204.
- Vitalik Buterin previously burned most of his SHIB allocation; the transaction is recorded on Etherscan.
Shiba Inu currently circulates about 589 trillion tokens, and its market capitalization stands at approximately $4.24 billion. In August 2020, Vitalik Buterin received half of SHIB’s supply and later chose to burn 90% of the coins he received and donate the remainder to charity.
If 100 trillion SHIB tokens were removed from circulation while the market cap remained $4.24 billion, the token price would be about $0.00000867. That represents roughly a 20% increase from the current per-token price under the same market-cap assumption.
If market capitalization rose to $10 billion before a 100 trillion-token burn, the token price under that supply would reach about $0.0000204. In that case, token holders would see their holdings increase in value by roughly 184% compared with the lower market-cap scenario.
The project team is reportedly developing a new burn mechanism that is rumored to remove trillions of tokens each year, but no launch date or operational details have been provided. Burns change supply but do not directly create demand.
“demand is the only thing that can help propel SHIB’s price.” — Shytoshi Kusama.
Token burn — permanent removal of tokens from circulation to reduce supply. Market capitalization — token price multiplied by circulating supply, used to estimate overall token value.
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