In a potential game-changing move for Shiba Inu (SHIB), discussions have emerged about a substantial 99% reduction in its circulating supply, aiming to overcome challenges in reaching ambitious price targets. The current proposal suggests trimming the extensive 589.3 trillion SHIB supply to a more manageable 5.89 trillion, envisioning a target price of $0.01.
If successful, this adjustment could propel SHIB’s market capitalization to a more realistic $58.9 billion, presenting a more achievable milestone.
The proposal hinges on implementing Shibarium’s automated burn portal, a revolutionary approach that streamlines the reduction in supply through an efficient and systematic automated mechanism.
This initiative, coupled with the drastic supply cut, holds the potential to usher in a new era for Shiba Inu, sparking optimism among investors and enthusiasts. While acknowledging the positive impact on SHIB’s price, the community remains cautiously optimistic about the proposed changes.
