Shiba Inu (SHIB) is facing debate as its market capitalization reaches $13.87 billion with a surge in token burn rate. The burning of over 410 trillion tokens from the initial supply of 999 trillion has led to discussions about whether reducing SHIB's circulating supply by 99% could push its price to $1. Shytoshi Kusama, the lead developer of Shiba Inu, stated that while burning tokens is possible, it may not be enough to raise the price to $1 without broader adoption and ecosystem development. Kusama emphasized the importance of ongoing decentralized finance projects and cautioned against aggressive token burns, which could discourage new investors and slow adoption. SHIB's price has dropped by 10.08%, trading at $0.00002354, and technical analysis indicates a cautious outlook. The increased burn rate aims to reduce token supply and boost price, but sustainable growth requires a focus on utility, adoption, and new projects.



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