Recent data from the Shibburn tracking service has revealed that a substantial volume of SHIB tokens has been removed from circulation over the past day.
SHIB Burn Rate Experiences a Dramatc Increase
A remarkable 97.97% surge in the SHIB burn rate has been reported, as disclosed in the latest Shibburn update. Significant transfers to unspendable addresses included 4,326,195 SHIB and 1,040,537 SHIB. The total volume of tokens sent to dead-end blockchain wallets amounts to 6,269,117 SHIB.
Related Article: Analyst Predicts Shiba Inu’s Progression Toward $0.000081
This sharp rise in the burn rate coincides with a notable development within the Shibarium ecosystem.
Shytoshi Kusama Highlights SHIB Metaverse Rollout
Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has emphasized the launch of the SHIB Metaverse. This innovative platform, developed by the SHIB team, is now accessible to early adopters within the SHIB community.
Related Article: Shiba Inu on Edge: Can It Survive Below 67 Trillion SHIB Level?
Kusama, when thanked by an X user for the Metaverse rollout, credited the achievement to a collaborative effort. The lead developer acknowledged the contributions of “many, many incredible people” who worked together extensively to bring this project to fruition.
Additionally, Kusama hinted that this release marks “the first of many things coming soon,” suggesting further advancements in the Shiba Inu ecosystem.
