Shiba Inu’s burn rate has surged by 7,334%, coinciding with a crucial Web3 upgrade announcement.
Points
- SHIB burn rate increases by 7,334%
- Several million SHIB coins burned
- Upcoming Web3 upgrade for Shiba Eternity
- Requirement to stake LEASH tokens for access
The Shiba Inu community has achieved a remarkable 7,334% increase in the burn rate, destroying several million SHIB coins overnight. This spike in the burn rate comes as the SHIB team announced a crucial Web3 upgrade for the Shiba Eternity game, expected to launch this week.
The upgrade will require players to stake LEASH tokens to access the new version of the game, aligning with the ShibArmy elite. Despite the significant burn, the SHIB price saw a minor fluctuation, currently trading at $0.00001680.
Burning tokens reduces the circulating supply, which can potentially increase the token’s value over time. The upcoming Web3 upgrade aims to enhance the gaming experience and attract more users to the Shiba Inu ecosystem.
解説
- The substantial increase in the burn rate indicates strong community engagement and efforts to reduce SHIB’s supply.
- The Web3 upgrade for Shiba Eternity is a significant development that can boost user interest and adoption.
- Staking requirements for access to the new game version can drive demand for LEASH tokens, further integrating the Shiba Inu ecosystem.