Hello, community!
After a short break for my exams, I returned with an analysis of the rumor that exploded in Binance Square and X: that $SHIB will burn 99% of its tokens (~500 billion) and the price will reach $1.
It sounds epic, but as always, I turned to sources to separate the truth from FOMO.
Spoiler: what I found is not what they are shouting on social media.
🚨 The truth behind the 99% rumor
The origin of the hype (my opinion):
It all started with a statement from Shytoshi Kusama, the leader of Shiba Inu, on November 24, 2024, during a Q&A session on X for his podcast.
In response to a user, he said that burning 99% of the supply (~589 trillion tokens) is 'theoretically possible' if large-scale projects adopt Shibarium, the SHIB blockchain.
But he clarified: this would require massive adoption and will be slow because burning tokens becomes more expensive as the price rises.
Why it exploded now:
The phrase went unnoticed until the bull market (Bitcoin at $122,000) and recent burns (like 1.007 billion in July 2025) sparked FOMO.
Posts in Binance Square and X, full of emojis (🚀🔥🐕), are taken out of context, making it sound like an inevitable plan.
Without official evidence:
I checked shibatoken.com, news.shib.io, shib.io, shibarium.io, and blog.shib.io, and there is not a single announcement about burning 589 trillion (or ~500 trillion, as some say).
Pure smoke.
💡 Why is it illogical to think they will burn 99%?
Science fiction math:
With 589 trillion SHIB tokens, a market cap of $589 billion would be needed to reach $1.
If 99% is burned (leaving 5.89 trillion), it would still require $5.89 trillion, which is more than double the current crypto market ($2-3T).
Real burns are minimal:
December 2024: 25.38 billion SHIB
June 2025: 1.254 billion
July 2025: 1.007 billion
This is less than 0.5% of the supply.
Burning 589 trillion will take decades at the current pace of Shibarium.
This would destroy the project:
Burning 99% would liquidate the wallets of holders, developers, and the ecosystem (Shibarium, ShibaSwap, ShibOS).
Which project would end itself like that? No one.
Pure FOMO:
These rumors benefit those who have SHIB and want to sell it high, using clickbait posts (possibly AI-generated) to attract new buyers.
🚀 The real side of SHIB
I'm not saying SHIB is a bad project.
It has 1.5 million holders, a reliable blockchain like Shibarium, and plans like ShibaSwap and ShibOS.
Automatic burns of Shibarium are working, but slowly.
Serious analysts (Finder, CoinStats) predict $0.0000399-$0.00006392 for 2025, which is a jump of 200-400% if the bull market continues.
But $1? That is something we won't see anytime soon.
📌 Conclusion: don't buy this story
The rumor about burning 99% and $SHIB for $1 is a montage based on Kusama's phrase (11/24/2024), inflated by sensational posts in Binance Square and X, many of which have exaggerated emojis that look AI-generated.
My advice: before succumbing to FOMO, check Shibburn.com, Shibtoken, or ShytoshiKusama.
💬 What do you think?
Did you see this rumor about 99% on social media?
What other crypto stories have you encountered?
Share your experience in the comments to stay alert.
I am reading you! 👇$SHIB