🍋🔥🤑At this rate, it would take 20,460 years to burn enough $SHIB tokens to justify the $1 price.💥🎁🔥
🎁🍋Investors would need to burn 99.99998% of the current volume to send $SHIB to $1, based on its current market cap. Therefore, almost all of the 589.5 trillion tokens in circulation would need to be liquidated, leaving only 13 billion.
💰💥Only 2.4 billion tokens were burned last month, which is 28.8 billion on an annualized basis. That won’t be enough to send Shiba Inu to $1 in 2025.🚀💰💥
🍋But it gets even worse because burning tokens creates no value.🔥
This simply reduces the supply, which gives the impression that the value of each token is higher because it is trading at a higher price.
As a result, even if you lived long enough to see all the necessary tokens burned, you wouldn't actually make any money.
You will simply have 99.99998% fewer tokens, the remainder will be worth $1 each. Shiba Inu’s market cap will still be $13 billion, so in 20,460 years your net financial position will not have changed at all.😭😭🙆🏻
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