Recently, the SHIB community has made a significant impact on meme coins by pushing a substantial amount out of circulation. The largest movements resulted in 6,269,117 SHIB being locked in unspendable wallets. This has led to a burn rate of 97.97% and coincided with the development of Shibarium. The lead developer of the Shiba Inu team, known as Shytoshii Kusama, mentioned the rollout of the Metaverse created by the SHIB team, which is currently open for early access to SHIB users. Kusama acknowledged the collective effort of many individuals in making this happen and suggested that more exciting developments are on the way.



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