Shiba Inu's Potential Price Surge with Token Burn

Shiba Inu (SHIB) witnessed a significant rally in 2021 following Ethereum co-founder Vitalik Buterin's decision to burn 90% of the tokens he received, leading to a substantial reduction in supply and a subsequent price increase. According to NS3.AI, if Shiba Inu were to replicate this token burn today, reducing the supply by 410 trillion tokens, SHIB's price could potentially rise by approximately 223.5%, assuming the market cap remains at $3.5 billion. However, SHIB's lead developer cautions that token burns alone are not sufficient for substantial price growth without broader adoption.