More Ways to Burn Shiba Inu (SHIB) Revealed as SHIB Burn Rate Shoots Up 888%

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.

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.

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.

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.

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.

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).

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.