A stark mathematical reality check has emerged for Shiba Inu (SHIB) investors chasing the elusive $1 price target, with analysts warning the goalpost represents a market capitalization exceeding the current global money supply. The memecoin, which rocketed millions of percent to its 2021 all-time high of $0.00008616, now faces a critical debate: is the $1 dream a fundamental impossibility or the ultimate long-term patience play in crypto?

Shiba Inu To $1: Is It Really Possible?

Shiba Inu (SHIB) currently has a circulating supply of about 589 trillion. If the price of each SHIB token hits $1, the project’s market cap would reach $589 trillion, which is very unrealistic. Going by the current circulating supply, it is very unlikely that SHIB will ever hit the $1.

However, there is one way Shiba Inu (SHIB) could hit the $1 mark, which is through a massive token burn. SHIB’s 2021 price rally was also fulled by a massive token burn undertaken by Ethereum co-founder Vitalik Buterin. Buterin received half of SHIB’s entire supply upon the project’s launch. Buterin decided to burn 90% of the coins he received, and donated the rest to charity. SHIB’s association with Buterin led to a massive spike in demand, while his burn caused a humongous supply dip. As a result, Shiba Inu (SHIB) saw a massive price spike.

There is one problem with under taking another Buterin-type token burn. Burning another big chunk of SHIB’s supply would require big holders to come together and make a big sacrifice. This seems very unlikely. Hence, we may not ever see another multi-trillion token burn like we did in 2021.

Going by what we know, it may be a mathematical impossibility for Shiba Inu (SHIB) to ever reach the highly coveted $1 price level.