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- Massive SHIB burn noted that took the burn rate almost 2,000% up.
- The “Download Day” for Shiba Eternity game got postponed.
According to the source report of Shibburn burn tracker, the Meme coins have noted a record amount of Shiba Inu tokens that have been sent to the dead wallets and thus the burn rate of these meme tokens spiked.
SHIB Burn Spike
The official website of Shibburn indicates that the burn rate rose rapidly by a staggering 1,867.60 percent as compared to the similar previous period, on September 30, 2022. Here, a total of 268,160,328 SHIB tokens were sent to unspendable wallets and locked there permanently. However, it is also the largest chunk of SHIB was burned by Shibburn itself as the platform shifted 257,495,644 meme tokens to an “inferno” wallet.
Source: Shibburn
On the other hand, the current Burn rate of SHIB token is down with nearly 77.98% from the last 24 hours, as per the data showed on its website. Also, the current trading price of SHIB token is $0.000011 USD with the down of 1.09% in recent 24 hours.
Source: Shibburn
Shiba Eternity Game
According to a Tweet by SHIB on September 30, 2022 the official “Download Day” for the long-awaited game, Shiba Eternity, has been postponed from October 1 to October 6.
An early report also suggests that around 5 percent of profits from the game will be spent on SHIB burns.
However, in August 2022, the game was tested in Vietnam, and became a huge hit. Additionally, the first launch took place in Australia, on iOS. Then, Shiba Eternity was released on Android as well.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
