Shiba Inu Likely Needed Buterin Burn to Reach $0.00008616 Peak

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The analysis argues Shiba Inu likely would not have reached its October 2021 peak of $0.00008616 without Vitalik Buterin burning 90% of the SHIB he received. The piece also says SHIB’s roughly 589 trillion circulating supply makes a $1 price highly unlikely without broad real-world adoption.

SHIB-1.29%
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