CandleFocus

Shiba Inu Lead Says Burning 99% of SHIB Circulating Supply is Possible

Author: Content Editor
The lead of Shiba Inu, Shytoshi Kusama, has stated that burning 99% of SHIB's circulating supply is possible but highlighted that there are more important factors that can influence the token's price. Kusama acknowledged the community's concerns about token burns and explained that burning such a significant amount would only occur if more projects or mega projects adopted the Shiba Inu ecosystem tech stack. He also pointed out that increased burn rates could lead to a rise in the price of SHIB, making it more expensive to burn and slowing down the burn rates. Kusama emphasized that the focus should be on driving adoption and creating real-world use cases for Shiba Inu to support the ecosystem's growth. He believes that widespread utility will increase prices and attract major exchanges to the ecosystem.

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