The leading meme coin shiba inu (SHIB) has been holding on to its target of reaching the $0.01 level for a long time. The community has made many different steps on this path, and a move from the Koyo Token front can be of great benefit.
With the activation of Shibarium Koyo Token, SHIB is trying to burn and provide great support to the community. Koyo burned 6.1 billion tokens in March.
In its search for the price of $0.01, the Shiba Inu enlisted help from one of the biggest burners, Koyo Token. Koyo in particular burned more than 6.1 billion SHIB in March alone. Still, what could help the price more than the 2% SHIB tax burn is SHIB’s commitment to keep it burning.
Koinfinans.com As we reported, Koyo’s founder, Kintaro, talked about the SHIB burns. “So expect billions of dollars in volume, expect millions of dollars in rewards and in return expect SHIB to burn millions with constant burns,” Kintaro commented via The Crypto Basic.
Could the Shiba Inu Reach $0.01?
SHIB A price target of $0.01 for the coin may sometimes sound illusory, but the community believes it’s possible. Specifically, the current Shiba Inu market cap is around $6,480,338,680 with a circulating supply of 589,542,816.415.703. Large burners like Koyo Token and Shibarium need to work non-stop, although large burns will trigger a rise in price.
You can follow the current price action here.