Shiba

2024

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Popular Shibburn tracking platform has spread the word about a significant increase in the <a href="https://u.today/shib-burns-skyrocket-772-as-price-is-on-verge-of-breakout" rel="noopener noreferrer nofollow">SHIB burn rate</a> that took place over the past two hours, pushing this metric’s reading high into the green zone.
In the meantime, the Shiba Inu price has continued declining since Saturday, going farther down from the $0.00002140 price peak reached on that day.
<h2 id="shib-burns-show-320-spike">SHIB burns show 320% spike</h2>
The above-mentioned data source shared that over the last 24 hours, the SHIB burn index jumped to the 320.33% level within approximately two hours. This was achieved thanks to the overall burns of 10,312,196 SHIB conducted by the meme coin’s community over the last 24 hours.
The largest batch of meme coins was burned in the past two hours, with 6,942,069 SHIB locked in unspendable wallets in a single transaction. The second biggest burn transfer carried 3,316,000 SHIB, while overall, so far only four burn transactions have been made. <img data-entity-type="file" data-entity-uuid="e7ec70b1-65bc-4acb-8c4d-06ddea8c0308" src="https://u.today/sites/default/files/inline-images/SHIBburns.jpg">Image via <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">Shibburn</a>
The initiator of the recent transactions, which transferred 6,942,069 SHIB to an unspendable wallet, is unknown. However, the comments under that tweet on the Shibburn account hint that it may have been the SHIB team, and the burn was made on Shibarium automatically.
The innovation announced back in January now conducts all SHIB burns automatically by converting BONE tokens into <a href="https://u.today/shib-smashes-btc-eth-xrp-by-weekly-profits-in-grayscales-report" rel="noopener noreferrer nofollow">Shiba Inu</a> and then sending them to dead-end wallets.
<h2 id="shib-metaverse-update">SHIB metaverse update</h2>
On Sunday, Lucie shared some news to show how things with the SHIB metaverse are proceeding. She reminded the community that the team will “finally launch Shib the Metaverse in the foreseeable future.”
Lucie hinted that all of the recent posts about the Shiba State and projects to be launched soon or in the works, such as TREAT, the layer-3 solution, or projects that have been rolled out already - Shiboshis and the SHIB Marketplace - are all going to come together in the SHIB Metaverse.
<blockquote>
 Shib the Metaverse: Where the Community Meets, Dreams, and SchemesLet’s remind you that the Shib Ecosystem will finally launch Shib the Metaverse in the foreseeable future. And do we know a little more? Yes! If you’ve been paying attention to Shiba State posts, Treat, L3,… <a href="https://t.co/E3iadQJs8u" rel="noopener noreferrer nofollow">pic.twitter.com/E3iadQJs8u</a>— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1840389645059674553?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 29, 2024</a>
</blockquote>
Lucie tweeted that “the SHIB ecosystem is gearing up to take things to the next level with its upcoming metaverse.” This place will be “the beating heart of the SHIB community, where user-generated content, ideas, and collaboration thrive.” She said that it would be correct to think about the metaverse as “the ultimate HQ for SHIB holders,” where they will not be limited by the physical world but will have the virtual universe for the taking.

SHIB Burns Suddenly Jump 320%, Will Price React?

Table of Contents

U_Today

Other articles published on Sep 30, 2024

Key Reason Why Bitcoin Might Have Massive Q4

Taiwan FSC Given Green Signal to Crypto ETFs

Coinpedia Fintech News

Ethereum Makin Cuan! 69 Persen Pemegang ETH Kini Menikmati Untung

China Sounds the Alarm: Cryptocurrencies Could Destabilize Global Economy

What Japan’s new prime minister means for crypto

Join our free newsletter for daily crypto updates!