Burn Rate Increased 3 Times in Meme Coin: More On The Way!

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  • While the community of the popular meme coin, which is experiencing exciting metaverse developments, continues its massive burns, the token’s burning platform has released an app to enable larger amounts of burns.
  • Aside from these, giant whales sold $12 million in the popular meme coin.

Koinfinans.com As we reported, the second largest meme cryptocurrency in Shiba Inu (SHIB) 3 times more SHIB were destroyed than in the past two days, SHIB burn rate has increased by approximately 408 percent in the last 24 hours. Trend meme coin recently shared a concept drawing of a new SHIB Metaverse hub in addition to WAGMI Temple. The team has now introduced the colored version of the drawing to the community.

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165 million SHIB burned – burn rate increased 408 percent

Actively moving SHIB to dead wallets and shiba inu According to the data shared by the Shibburn website, which is a monitoring platform where the burning transactions made by the community and the amount of burned SHIB tokens can be tracked, there has been a significant increase of 407.47 percent in the speed of sending and burning SHIB coins to “inferno” wallets in the last 24 hours.

shiba inu

“Trillions of SHIBs” will be burned

Earlier this week, the Shibburn team announced it would launch a mobile phone app built specifically for the Shibburn Radio project. Stating that the name of the application is Alexa Skill, the team reminded users that the “main application” for Shibburn is also about to be released.

According to one of the platform’s tweets about the app, the team will help burn “tens of billions, maybe even trillions” of SHIBs once the main app is launched.

In his tweet, Shibburn explained that the aim of this project is to attract new sponsors to burn larger quantities of SHIB and allow the meme coin to reach more potential users.

Whales sell for $12 million in Shiba Inu

According to data shared by popular whale watching platform WhaleStats, in the past two days prominent ETH holders have removed a staggering amount of Shiba Inu coins from their wallets.

According to the website, investors holding 12,910,306,239,600 SHIB coins with a total value of $155,181,881 on September 13 emptied their wallets the next day and only had $145,441,075 worth of SHIB coins in their hands. Today, the amount of SHIB held by the largest Ethereum whales It stands at $143,792,469.

However, according to the data shared by the CoinMarketCap website, despite all these sales, the Shiba Inu has recently become the most viewed asset worldwide and has received a high level of attention, according to the metric measured by the number of views the SHIB web page has received on the platform.

Thus, the second largest meme cryptocurrency, Shiba Inu, became the third most viewed cryptocurrency in Africa, Asia, North America and South America, after Bitcoin (BTC) and Ethereum (ETH).

Colored concept art of new SHIB Metaverse hub

Shiba Inu token’s official Twitter account recently shared the concept drawings of the new Metaverse hub called Rocket Pond, together with the SHIB Metaverse team’s THE THIRD FLOOR studio, with its supporters. The color version of Rocket Pond, which was presented as a black and white concept drawing earlier this week, was shared today.

For the crypto community, the rockets represent an energy that, as crypto enthusiasts like to say, a coin could “rise in price” or “rise to the moon,” meaning it could soar to new horizons or skyrocket its price.

Before that, another hub/hub to SHIB army WAGMI A colorful sketch of the (We Are All Gonna Make It) Temple was introduced.

According to a blog post by Shiba Inu on Sept. 3, WAGMI TempleIt was reported to introduce a zen-like realm with meditation, natural beauty, sensation, and spiritual connections with the world.

Hubs are the highest value virtual pieces of land in the SHIB Metaverse that are locked or reserved for sale at a high price.

Overall, SHIB: The Metaverse will contain approximately 100,600 virtual pieces of land, 36,431 of which will be unlocked during the rollout. Others will be reserved. More than 19,000 plots have already been purchased so far.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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