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Here's How Much Shiba Inu Supply Would Need to Be Burned for Shiba Inu to Reach $1 with a $500 Billion Market Cap
Date: February 22, 2025
In order for the token to reach its $1 value and $500 billion market cap, the Shiba Inu community would have to burn 99% of the SHIB supply.
Despite the ongoing problems facing Shiba Inu due to the ongoing market decline, market participants have maintained their confidence in its recovery potential. Amidst this optimism, analysts like Javon Marks have forecast recovery targets to levels like $0.0001553 in the medium term.
Interestingly, proponents continued to focus on longer-term targets of $0.001 and even $0.01. Despite the pessimism surrounding these predictions, discussions around Shiba Inu’s highly ambitious $1 price claim also dominated the scene.
$1 Shiba Inu Prospects
For example, last August, leading cryptocurrency exchange CoinW suggested that SHIB could indeed hit the $1 target, prompting community questions about whether Dogecoin or Shiba Inu would ever reach the highly coveted $1 level. Notably, Dogecoin, which is currently trading at $0.2756, is much closer to that price than SHIB.
With Shiba Inu trading at $0.00001667 at the time of writing, many voices have dismissed any talk of a price rise to $1. In particular, the main reason behind this pessimism is the current circulating supply of Shiba Inu, which stands at 589 trillion tokens.
With such a bid, a Shiba Inu price of $1 would translate into a market cap of $589 trillion. There is not enough money in the world to support such a valuation. As a result, for Shiba Inu to dream of reaching $1, the token would have to undergo a massive burn, even larger than what was seen with Ethereum founder Buterin in May 2021.
How much Shiba Inu supply would need to be burned for SHIB to reach $1 at a market cap of $500B?
Meanwhile, even with a big burn, the Shiba Inu coin’s market cap would need to exceed current levels to get to $1. Interestingly, lead developer Chitoshi Kusama suggested last month that the dog-themed coin could reach a $1 trillion market cap sometime in the future.
In this regard, we analyzed how much SHIB the community would need to burn to push the Shiba Inu price to $1 at half of Kusama’s projected $1 trillion market cap. It is worth noting that at a $500 billion market cap, Shiba Inu would reach $1 if its circulating supply was only 500 billion tokens.
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The current circulating supply is 589 trillion. Therefore, the community would need to burn 588.5 trillion tokens, which is 99.91% of the circulating supply, for the Shiba Inu price to reach $1 at a market cap of $500 billion. However, such a burn is unlikely to happen, making the chances of Shiba Inu reaching $1 extremely low.
