The popular wallet tracker Shibburn has reported a significant increase in the burn rate of SHIB meme coins by the Shiba Inu community. In the past 24 hours, 23,726,896 SHIB coins have been burned, a 360% increase compared to the previous day. The largest amount burned in a single move was 22,988,505 SHIB. The goal of burning coins is to reduce the circulating supply and potentially increase the price of SHIB. Nearly half of the initial quadrillion supply has been burned so far. The SHIB team has also opened early access to the SHIB Metaverse, a virtual space for SHIB users. They are also preparing to launch the TREAT token, which will have various uses within the Metaverse.



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