Shiba Inu burn rate increases as game download is a day away
Shiba Inu quickly became one of the most well-known memecoins. Although having a lower market value than DOGE, it gradually developed much more. Earlier this year, the ability to burn SHIB was introduced.
The download date and worldwide release of his trading card game was eagerly anticipated by the Shiba Inu [SHIB] community. The network has offered updates regarding the game over the past few months. Recently, various parts of the world have gained access to the game. The Shiba Eternity, however, will debut tomorrow.
The SHIB burn rate accelerated by over 1422% in the last 24 hours as download day approached.
Shiba Inu Burn Rate Exceeds 1400%
SHIB burn, a recent campaign, aims to reduce the use of SHIB. This method of reducing the total number of tokens in circulation is not exclusive to the Shiba Inu. Other cryptocurrencies also use it. SHIB will become rarer as a result of burning, increasing its price over time.
Many platforms make it easy to burn SHIB by sending SHIB to dead wallets. The Shibburn website is one of the best known of them. According to website data, 410,381,548,273,708 of the original supply were burned. Almost in the past 24 hours, the burn rate has increased over 1422.75%. 28,671,726 SHIBs have been burned in the past 24 hours.
On October 1, the game was supposed to launch. However, Download Day has been postponed to October 6.
Most of them didn’t seem to mind the wait, but a few were. Shiba Eternity was supposed to be released in September but has been in development for a while. Maps and other aspects of the game were highlighted by the network, however. After getting positive player reviews throughout the game’s testing phase, the Shiba Inu Network was ready to release the game.