Recently, posts have been circulating on Binance Square claiming that Shiba Inu will burn 99% of its tokens in circulation, hoping this will skyrocket its price. But is this actually possible?

1. The supply is immense

Currently, there are about 589 trillion SHIB in circulation. Burning 99% would mean destroying 583 trillion tokens, which would be extremely difficult and costly to achieve in practice.

2. Burns come with high costs

Any token burn involves executing transactions on the blockchain, which generates gas fees (transaction costs). Burning such a large amount of SHIB would require billions in fees. Who would cover this expense?

3. Holders cannot be forced to burn their tokens

SHIB is a decentralized token, meaning each person owns their tokens. There’s no way to force holders to sacrifice their investments for a massive burn.

4. Negative impact on the token’s economy

If 99% of the tokens were burned, there would be a liquidity issue: not enough coins would remain for the ecosystem to function properly. This could demotivate investors and users.

The idea of burning 99% of SHIB is appealing but highly unrealistic. Don’t be fooled by those promising magical solutions.