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.
