Shiba Inu’s huge circulating supply is the real drag on any meaningful price surge. With roughly 589 trillion SHIB tokens in circulation, even modest per-token targets imply enormous market caps — unless the supply is slashed dramatically.
The math makes the problem plain:
- SHIB’s all-time market-cap peak: about $13 billion.
- Target price: $0.001 per token.
- Required circulating supply at that price if market cap returns to $13B: 13,000,000,000 / 0.001 = 13 trillion SHIB.
- Current supply minus target supply = burn required: 589 trillion − 13 trillion ≈ 576 trillion tokens.
- That’s roughly a 97.8% reduction in circulating supply.
- If no tokens are burned, a $0.001 SHIB at today’s supply would imply a market cap near $589 billion — far above its $13B peak.
Burning 576 trillion tokens is not trivial. The ongoing community burn rate is nowhere near what would be needed, and the only precedent for a dramatic supply cut was in 2021 when Ethereum co-founder Vitalik Buterin — who had been sent half of SHIB’s initial supply — burned about 90% of those tokens and donated the remainder to charity. That one-off event significantly reduced available supply and helped fuel a price rally, but repeating something on that scale is highly unlikely.
Shiba Inu’s lead developer, Shytoshi Kusama, has cautioned that burns alone won’t solve the problem: supply cuts need to be paired with real-world adoption and utility to sustainably lift price. For now SHIB remains far from its peak — it’s over 91% down from its all-time high of $0.00008616 — and reaching $0.001 would require either an unprecedented, near-total token burn or a monumental, sustained expansion of SHIB’s market value.
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