SHIB Burn Increases by 360% Following SHIB Metaverse Early Access Launch

user avatar

by Giorgi Kostiuk

2 years ago

The Shiba Inu community is known for its proactive measures to reduce the circulating supply of SHIB meme coins. Recent developments have shown a significant rise in the burn rate.

SHIB Burn Rate Increase

In the past 24 hours, the SHIB coin burn rate has increased by nearly 360%, with a total of 23,726,896 coins burned. The largest single transaction burned 22,988,505 SHIB. Over the week, however, the total burn rate has dropped by 47.37%.

SHIB Metaverse Launch

Earlier this week, the SHIB team launched early access to the SHIB Metaverse, which had been in development for several years. Users can connect their wallets, purchase virtual land plots, and create avatars for their presence in the virtual space. Quote from project leader: CITE_W_A.

SHIB's Future: The TREAT Token

With the Metaverse now live, the team is preparing to launch the TREAT token, which will be widely utilized in the Metaverse and provide additional opportunities, including access to yield farming.

The launch of the SHIB Metaverse and future plans for the TREAT token integration are likely to significantly impact project development, supporting growth and community interest.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Justin Sun Prize Launched to Transform Scientific Research

chest

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

bdautomated Releases Verified AI Agent Statistics for 2026

chest

bdautomated releases a comprehensive dataset on AI agent statistics for 2026, tracing 75 widely quoted figures back to their original sources.

user avatarMaria Fernandez

Korea Blockchain Week 2026 Announces Key Sponsors and Speakers

chest

Korea Blockchain Week 2026 has unveiled its partner lineup, featuring major players in the digital asset industry, including Upbit, 0G, BRV, Stable, Tria, and BitGo. The event will take place in Seoul from September 29 to October 1, 2026, and will host key speakers discussing significant shifts in the digital asset industry.

user avatarGustavo Mendoza

Morgan Stanley's Bitcoin Accumulation Boosts Market Confidence

chest

Morgan Stanley has been actively accumulating Bitcoin through the ETF route, amassing approximately 622 million worth of the cryptocurrency this month.

user avatarRajesh Kumar

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.