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

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

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

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.

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

Senator Blumenthal Seeks Information from Cantor Fitzgerald on Tether Dealings

Senator Richard Blumenthal has requested Cantor Fitzgerald to provide records related to its business relationship with Tether, focusing on the financial gains of Commerce Secretary Howard Lutnick's family.

Satoshi Nakamura9 hours ago

Ledger Halts Sales Amid Fund Loss Investigations

Ledger has paused sales and shipments of its hardware wallets after reports of fund losses from customers in Southeast Asia who purchased devices from CryptoBilis.

Jesper Sørensen13 hours ago

Project Eleven and Quantus Collaborate on Strongpoint for Future Crypto Custody

Project Eleven has partnered with Quantus to enhance crypto custody solutions through the integration of the Quantus Network into Strongpoint, targeting support for post-quantum cryptography by Q1 2027.