The temperature is rising for Shiba Inu (SHIB), as the top meme coin nearly multiplied its burning activity by 10 times. The stats have been reported by Shibburn, the official Shiba Inu (SHIB) burning portal. For the past 24 hours, the SHIB burn rate skyrocketed by 888% with $68M of Shiba Inu (SHIB) tokens set ablaze.
In the past 24 hours, there have been a total of 60,848,839 $SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) September 12, 2022
Six Million Ways to Burn SHIB
Shibburn, the virtual bonfire, already has over 70 million website hits since its launch. Moreover, the portal introduced its own radio station: Shibburn Radio. At the moment, it’s available on TuneIn and online and is broadcasting from a New York studio. Hence, the radio station will release an app on iOS and Android next, but no exact date has been given.
@shibburnradio is another project we’re working on that also burns SHIB. The full launch will take place soon, including the new website, app, and live DJs who will play in a studio I have been working on for several months. (95% completed)
— Shibburn (@shibburn) September 2, 2022
Additionally, there are plenty of other opportunities to burn the SHIB Army’s beloved meme coin. For instance, SHIB SuperStore is a burning project that helps set Shiba Inu (SHIB) aflame with the help of an Amazon affiliate program. Moreover, the burning events are held every week. The last one, on September 4, sent $323 of Shiba Inu (SHIB) tokens aflame.
Sponsored
Furthermore, the upcoming SB Visa Card will have an automated Shiba Inu (SHIB) burning functionality. This means members of the Shiba Army will be able to burn a certain amount on each transaction in every shop worldwide where VISA is accepted, making the variety of choices to burn SHIB almost infinite.
The 10,000 SHIB BURN Soldiers Campaign
Plus, a couple of social influencers introduced some great news to the SHIB Army. On Twitter, Lucie Sasinkova revealed that the upcoming Shibarium, the Layer-2 upgrade, will accelerate the SHIB burn rate further. Set to launch in Q3 of 2022, the Shibarium is crucial for all parts of the Shiba Inu (SHIB) Ecosystem.
The more you will use #Shibarium, the more $SHIB you will burn… pic.twitter.com/vqBFhPAh8u
— ♛ 𝐋𝐮𝐜𝐢𝐞 𝐒𝐚𝐬í𝐧𝐤𝐨𝐯á ♛ (@GossipShib) September 10, 2022
On top of that, YouTube crypto influencer Shiba Burn has unveiled a playlist of various tips on how to set fire to SHIB, in hopes that Shiba Inu (SHIB) can erase another zero from its price. For this, the influencer named ShibaBurnTube calls for 10,000 soldiers of the SHIB Army to step up and go on a $SHIB burning spree, according to the methods displayed on the YouTube channel.
I am releasing a video on how we can delete a zero on $SHIB, but I will tell you now. SUPPORT BURN PROJECTS! We need 10k burn soldiers! Support@FlavesBeats @SuperMetaframe @shib_superstore @Perry8k and follow @howtoburnshiba #SHIB #shiba #SHIBARIUM https://t.co/kBVKdpIuYl pic.twitter.com/GBGOqcrK6D
— Shiba Burn (@ShibaBurnTube) September 12, 2022
On the Flipside
- Despite the efforts, the intense burn rate is barely reflected on Shiba Inu’s (SHIB) price. At the time of publication, the top dog meme coin trades at $0.00001310, recording a slight gain of 0.5% in the last 24 hours. In the last 7 days, the canine token managed to grow by only 2.09%, according to CoinGecko.
Why You Should Care
The memecoin Shiba Inu (SHIB) ranks 12th by market cap and is one of the fastest growing crypto communities. Recently, the follower count on the official SHIB Token Twitter surpassed the rival Japanese-dog themed Dogecoin’s (DOGE).
