A 95% drop is truly devastating, but with the new token destruction mechanism and a plan to spend tens of trillions of dollars each year for a metaverse roadmap, it feels like the big players are painting a brand-new “dream” again.

Shiba Inu has fallen nearly 95% since its 2021 all-time high of 0.00008616. Analysts say Vitalik Buterin’s burn was a key catalyst behind the price surge, but Shytoshi Kusama said that burns alone are not enough to boost the market and that user adoption needs to be improved. Shiba has launched Shibarium, its Layer 2 network, and Shibos to help enterprises move to Web3 and the metaverse, which could attract more users. The team is also developing new burn mechanisms, expected to destroy tens of thousands of billions of tokens per year, which may drive SHIB’s price to rebound.