- Shiba Inu Metaverse’s official website has been launched.
- In the last 24 hours, the Shiba Inu burn rate dropped by over 98%.
The last 24-hour window recorded its largest Shiba Inu whale transfer after the Shibarium Beta launch. Reportedly, 800,215,912,624 SHIB, worth $8.2 million at press time, was transferred from Shiba Staking to an anonymous wallet.
🚨 800,215,912,624 #SHIB (8,230,620 USD) transferred from Shiba Staking to unknown wallethttps://t.co/EAryhzbrQ0
— Whale Alert (@whale_alert) March 15, 2023
The renowned whale transactions tracker Whale Alert reported that this notable whale transfer occurred at 19:46:59 UTC on the Ethereum chain on Wednesday.
The Shiba Inu Hype in Loop
Adding to the ongoing SHIB trend, the team announced the launch of the new website of SHIB The Metaverse – shib.io – on Wednesday. On March 12, the “alpha preview” of the metaverse’s WAGMI Temple Hub was showcased at SXSW AR/VR exhibition. Now, the brief glimpse of the metaverse hub is shared with the public via the video snippet on Twitter. The official team stated that users can now purchase the metaverse’s lands.
A strong hype toward Shiba Inu continues to linger in the crypto market since the Shibarium Beta launch pre-announcement. The launch of the beta L2 blockchain bolstered the trend and pinned SHIB on top trending. Ever since then, analysts and traders keenly watch out for significant surges in the Shiba Inu price.
However, SHIB did not register any massive price surge post-Shibarium beta launch. In the last 24 hours, the memecoin witnessed a decline of over 8%. As per the CoinMarketCap data, SHIB traded at $0.0000103 with a market cap of $6,080,063,912.
Initially, in the days closer to the launch week, SHIB recorded the highest burn rates. But in the current week, it began declining. According to Shibburn, the official SHIB burn tracker, in the last 24 hours, 8,452,777 SHIB were only burnt. Evidently, the burn rate decreased by 98.13% in the time period.
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