More Details on “Shiba Eternity” Revealed as SHIB Burn Rate Spikes 255%

Shiba Inu (SHIB) has many irons in the fire this week, as the leading memecoin gets ready for the launch of the “Shiba Eternity” card game. In addition to the hype surrounding the new SHIB game, Shibarium is also set to be released by the end of the year. On top of that, the SHIB Army seems to be enjoying the heat, as the burn rate of the dog-themed coin rose by 255% in the last 24 hours.

Shibburn, The Shiba Inu (SHIB) virtual bonfire, officially announced that there’s been nearly 200 million SHIB tokens set ablaze in the last 24 hours. Interestingly, 139 out of 200 million were burnt in a single transaction. One reason behind this act could be the attempt to trigger a spike in Shiba Inu’s (SHIB) price, but the developers of Shiba Inu definitely added some extra motivation with $BONE rewardcs and the upcoming SB Visa Card.

Shiba Eternity Is Highly Strategic, Says Mr. Kusama

Despite the official launch date still unknown, SHIB’s lead developer Shytoshi Kusama has revealed on Discord that the hugely anticipated game will first be released on mobile. As a result, the Shiboshi NFTs will not be included in the initial release. However, the game developed by PlaySide Studios is going to be available on both iOS and Android.

Moreover, in a conversation with one of Shiba Inu’s social influencers, lead developer Kusama revealed that the gameplay resembles “Hearthstone,” a big hit among online card games. Finally, the mysterious lead developer revealed the philosophy behind the game’s title: “I hope when you realize that the game is about our future eternity in peace, you will see it was a good choice.”

Whales Are Still Stocking Up on Shiba Inu (SHIB)

In other related news, a whale by the name of “BlueWhale0113″ bought 312,285,225,685 Shiba Inu (SHIB) tokens, worth approximately 3.7 million. As the top memecoin is popular among Ethereum (ETH) whales, this is great news for the rapidly growing SHIB Army, as an entrance into the Top 10 by market capitalization becomes as realistic as ever.

On the Flipside

  • Despite ongoing developments in Shiba Inu’s ecosystem, the trading price of the token is having a slow start of post-crypto winter recovery.

Why You Should Care

Shiba Inu (SHIB) has 3.4 million followers on Twitter, with the community rapidly growing. The rival memecoin, Elon Musk’s beloved Dogecoin (DOGE), also has the same amount of followers and the competition between the two dog-themed coins could spark a bullish run.

Learn more about the revelation of Shiba Inu’s SB Visa Card

Find out why some employees choose to get paid in SHIB

Read more about the forthcoming SHIB clothing line

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Tadas Klimasevskis is an author & reporter, focusing on the latest tendencies of the crypto galaxy. Tadas spends his time digging deeper into specific areas like coins such as Shiba Inu (SHIB) & Dogecoin (DOGE), music NFTs, sports NFTs, digital art, and Pop culture in Web 3.0. Tadas strongly believes in crypto as disruptive innovation and keeps an eye out for new crypto hubs being developed around the globe. His vast experience in social media lets him quickly spot what’s going on in the mercurial world of crypto and deliver stories with unique spins. He has been active in blockchain and cryptocurrencies since 2019.