Data: SHIB burn rate soared to 3000% in 24 hours, and the development team is considering destroying 1 trillion tokens per day
According to Internet reports, Shiba Inu(SHIB) burned more than 67 million tokens in the past week, and the burn rate surged to 3000% within 24 hours. The SHIB development team is considering implementing an aggressive token destruction strategy with the goal of burning 1 trillion SHIB every day. If this goal is achieved, approximately 365 trillion SHIBs will be destroyed within one year, reducing current circulation by 62%. Analysts predict that this reduction in supply could push SHIB prices up 167% to about $0.00037, with market value remaining constant. Shibarium's Layer 2 network plays a key role in this destruction strategy. Its total lockdown value is currently approximately US$3 million, but needs to grow to US$1 billion to support daily destruction goals.
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