SHIB Burns Rally by Almost 100%, Here's What's Happening

According to the recent data shared by the Shibburn tracking service, over the past day, the SHIB community has managed to push a substantial amount of meme coins out of the circulating supply.

SHIB burn rate skyrockets nearly 100%

The largest cryptocurrency movements to unspendable addresses here carried 4,326,195 SHIB and 1,040,537 SHIB. The total amount of meme coins locked in dead-end blockchain wallets constitutes 6,269,117 SHIB.

The burn rate, respectively, has jumped to 97.97%, per recent Shibburn update. The large increase in this important metric coincided with the big recent Shibarium development.

Shytoshi Kusama highlights SHIB Metaverse launch

The lead developer of the Shiba Inu team, known under the pseudonym Shytoshii Kusama, several times today mentioned the rollout of the Metaverse created by the SHIB developer team and is currently open to early access for SHIB users.

When an X user thanked Kusama for this, the SHIB lead stated that it was not thanks only to him but also to “many, many incredible people” who have worked together for a long time to make this happen.

Kusama also hinted that this was just “the first of many things coming soon.”