Is the SHIB Burn Rate about to send Shiba Inu to the moon? The crypto community is buzzing as the Shiba Inu burn rate spikes, fueled by anticipation for the upcoming Shiba Eternity Web3 update. Get the latest details on why almost 283 million tokens have been eliminated from circulation.

Shiba Inu Burn Rate Soars as Shiba Eternity Download Looms

Excitement is building around Shiba Inu (SHIB), particularly with the promise of the Shiba Eternity Web3 integration just around the corner. This has had a significant impact on the Shiba Inu ecosystem, notably causing the Shiba Inu Burn Rate to Soar. On-chain data tracker Shibburn highlights a massive jump of 38,299% in burn rate.

Millions of SHIB Coins Set Ablaze

The Shiba Inu (SHIB) virtual bonfire, officially announced that there’s been nearly 200 million SHIB tokens set ablaze in the last 24 hours. Fueling this surge, one burn event contributed significantly, as Shiba Inus burn rate surged by 7,334%, fueled by the burn of millions of SHIB coins. In total, these burns have resulted in eliminating almost 283 million tokens from Shibburn.

Earlier, Shiba Inu’s burn rate surged by 1068% illustrating the volatile nature of the burn mechanics. The recent massive spike highlights renewed interest in reducing the circulating supply of SHIB.

Eternity Web3 Update: A Catalyst for Change?

Many attribute this increase in burn rate to the anticipation of the Shiba Eternity Web3 update. The game is expected to bring more utility to SHIB and related tokens, potentially increasing demand and further encouraging burns.

Interestingly, 139 Shiba Inu’s burn rate spike and reduced token supply have stirred optimism within the SHIB community. However, despite this positive development, the SHIB price saw a 9% dip in the last day, demonstrating the volatile nature of the cryptocurrency market. Will the Shiba Eternity update change this?