A new analysis suggests that aggressive token burning through Shibarium’s blockchain could drive the price of Shiba Inu (SHIB) to as high as $0.00008234. This potential gain comes from a theoretical scenario where 10 trillion SHIB tokens are burned monthly for five years, eliminating approximately 600 trillion tokens in total. While this surpasses SHIB’s entire circulating supply, the analysis assumes a more realistic projection of 500 trillion tokens destroyed, resulting in 89.5 trillion SHIB remaining in circulation. This drastic reduction in supply could have a significant impact on SHIB’s price even without an increase in market capitalization. 89.5 trillion SHIB circulating at current market cap of $7.37 billion would theoretically reach a price of $0.00008234 per token, representing a 558.19% rise from current levels. This aligns with previous predictions made by various entities. It is important to note that the analysis does not consider market capitalization growth. These projections have been used in earlier forecasts, such as Changelly’s prediction of $0.00008740 by May 2024 and CoinCodex’s estimate of $0.00008284 during the same period. Despite these predictions, community sentiment remains optimistic, with many Shiba Inu supporters expecting SHIB to surpass $0.00008 during the current market cycle’s peak. These supporters argue that significant token burns are unnecessary and emphasize broader market momentum and ecosystem growth as key factors for price movement.