Shiba Inu, originally launched as a meme-based cryptocurrency, has undergone considerable development since its inception in August 2020. The project has evolved into a broader ecosystem with increasing utility while implementing significant token burns aimed at reducing its total supply.
Token Supply Reduction Since Launch
At the time of its introduction, Shiba Inu had a total supply of 1 quadrillion tokens. According to data from Shibburn, this figure has since been reduced to approximately 589.25 trillion tokens. This means that about 410.75 trillion tokens, roughly 41% of the original supply, have been permanently removed from circulation through multiple burn initiatives.
Growing Calls for Aggressive Burns
Despite these reductions, a portion of the Shiba Inu community remains concerned about the token’s high supply. Many believe that SHIB’s substantial circulating volume continues to limit its price potential, especially in comparison to other cryptocurrencies with lower supplies. In response, some community members advocate for additional burns, proposing a long-term target of bringing the supply down to 10 trillion tokens.
Projected Price Under a 10 Trillion Supply Scenario
Analysts have attempted to estimate SHIB’s price if its total supply were reduced to 10 trillion. Under the assumption that the current market capitalization of $7.19 billion remains unchanged, the price per SHIB token could rise to approximately $0.000719. This would represent an increase of around 5,793% from the current price of $0.00001216. Achieving this supply level, however, would require the destruction of nearly 580 trillion tokens, an ambitious goal.
Although reducing SHIB’s supply to 10 trillion remains highly unlikely in the near term, the discussion emphasizes the significance of tokenomics in influencing market behavior. Supply dynamics continue to be a focal point in shaping both investor sentiment and long-term price forecasts for Shiba Inu.
