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How much Shiba Inu supply must be burned in order for SHIB to reach $1 and have a market cap of $500 billion
How much Shiba Inu supply must be burned in order for SHIB to reach $1 and have a market cap of $500 billion
February 22, 2025
Shiba Inu
In order for the token to reach a value of $1 and a market cap of $500 billion, the Shiba Inu community must burn 99% of SHIB supply.
Despite the ongoing difficulties faced by the Shiba Inu amid the ongoing market downturn, market participants remain confident in its potential recovery. Amid this optimism, analysts such as Javon Marks predict a medium-term rally target of $0.0001553.
Interestingly, supporters continue to focus on longer-term targets such as the $0.001 or even $0.01 range. Despite the pessimism surrounding these forecasts, discussions about the Shiba Inu's pursuit of prices as high as $1 also dominated.
Shiba Inu $1 Outlook
For instance, last August, leading cryptocurrency exchange CoinW suggested that SHIB might actually have a chance to reach its $1 target, questioning the community whether it would be Dogecoin or Shiba Inu that would be able to reach the much-sought-after $1 mark. It is worth noting that Dogecoin, which is currently trading at $0.2756, is closer to this price than SHIB.
At press time, Shiba Inu is trading at $0.00001667, with several voices already dismissing any talk of a move to $1. In particular, the main reason for this pessimism is the current circulating supply of SHIB, which stands at 589 trillion tokens.
With that supply, a $1 Shiba Inu price would translate into a market cap of $589 trillion. There simply isn't enough money in the world to support that valuation. Therefore, for Shiba Inu to dream of reaching $1, the token would need to undergo a massive burn process, even greater than what Ethereum founder Buterin observed in May 2021.
How much Shiba Inu supply must be burned to get SHIB to $1 at $500 billion market cap
Meanwhile, even with a massive burn, Shiba Inu’s market cap would still need to exceed current levels to reach $1. Interestingly, lead developer Shytoshi Kusama hinted last month that the dog-themed memecoin has the potential to reach a $1 trillion market cap in the future.
At this point, we analyzed how much SHIB the community would need to burn to push the price of Shiba Inu to $1 to reach half of Kusama’s $1 trillion market cap forecast. It is worth noting that at a market cap of $500 billion, the price of Shiba Inu will reach $1 when its circulating supply is only 500 billion tokens.
Currently, the circulating supply is 589 trillion. Therefore, the community must burn 588.5 trillion tokens, representing a circulating supply of 99.91%, to get Shiba Inu to $1 at a $500 billion market cap. However, such a burn is unlikely to occur, making the chances of SHIB reaching $1 extremely low.
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