Amount of SHIB moved to dead wallets has seen drastic decrease; here’s how it might be linked to Shiba Eternity
The Shibburn tracking platform that tracks all SHIB burn transactions on Etherscan and then publishes them on its website has announced that over the past 24 hours, the SHIB burn rate has dropped by over 92%.
Only 2 million SHIB removed from circulation
Shibburn shared that the amount of meme tokens transferred to unspendable wallets during the last 24 hours this time was a lot smaller than before that — 2,096,412 SHIB versus 26,071,726 Shiba Inu.
Today the burn rate has reduced by almost 100%. This time Shibburn only saw and published three burn transactions.
It is possible that the tiny amount of destroyed Shiba Inu is down to the launch of the much-expected collectible card game for smartphones, called Shiba Eternity. Today, on Oct. 6, it is the official “download day” of the game.
Here’s How to Connect Low Burns to the SHIB Game
Some believe that there is a possibility that Shiba Inu may implement the play-to-earn model (using SHIB tokens to buy stuff inside the game), even though this is yet to be definitive. not known.
If that happens, the SHIB army might want to spend their meme coins inside the game rather then burn them away, even though, in theory, these transfers to dead-end wallets may lead to a price surge of SHIB. But it is only likely when nearly all the circulating supply of the token is destroyed.
