#SHİB #shiba⚡ Perhaps the biggest roadblock to Shiba Inu hitting $1 is its enormous supply. As of this writing, there are 589.3 trillion tokens in circulation. At the current token price, Shiba Inu has a market capitalization of about $18 billion.

Simple math suggests that at a price of $1 per token, its market cap would be $589.3 trillion. That's more than the total wealth of every person on Earth, which stood at $454 trillion at the end of 2022, according to UBS. In other words, there is absolutely no chance Shiba Inu rises to $1 per token as things currently stand.

However, its community is trying to shrink supply by burning tokens, which means removing them from circulation forever. The easiest way for investors to participate is by sending their tokens to a dead wallet, where they can never be retrieved. In theory, Shiba Inu's price should rise organically in proportion to the number of tokens that are burned.#burning