shaitoshi kusama a popular developer and likely the principal Shiba Inu team spokesperson announced the commencement of a significant event for ecosystem projects in a series of tweets.
The developer specifically brought up the game Shiba eternity and burning in the same sentence which could allude to she burning via in-game features.
Sheba is doing on the 20th of November shall we Shiba Inu price has received a very firm rejection that has triggered a very deep drop to the downsides as the psychological level at 10 millionths of a dollar got broken the move accelerated even more during the week although still some distance Traders must be aware that 507 10 millionths of a dollar could be in the cards and possibly print a new multi-year low in its existence in the coming weeks she prizes A Long Way from Home shebe new price is set to print one of the worst performances in its history as cryptocurrencies get degraded again after the Luna stablecoin debacle from before the summer Traders got a reliving of that situation with a sudden default of FTX while the crypto asset class was still trembling in its foundation a big crypto broker called Genesis halted repayments and withdrawals in the aftermaths sheb is thus not in a good spot as its overall label has some negative feelings and connotations.
The dust will need to settle although should some more casualties fall in the wake of the FTX meltdown for sheep Traders this is to be the last drop CB new price would tank another lower and hit that 507 10 millionth of a dollar before testing and printing new loads in case the dust settles into next week and the coming weeks as the contagion of FTX is contains expect then slowly but surely some more bullish buying coming that would make sense seeing the relative strength index is trading very near the oversold level and is primed for a bounce higher that could mean that Shiba Inu price can jump above the monthly S1 support level and reside near 10 millionths of a dollar before climbing higher on the back of additional Tailwinds now let's get back to the topic according to data published on the sheburn website During the period of the past 24 hours.
The Sheep Community pushed the burn rate of the canine token up by nearly 500 percent in the meantime Shiba Inu has left behind the top two crypto Assets in market cap Tron and Solana thus reaching a major new Milestone she burn rate jumped significantly but is plummeting overall During the period of the past 24 hours The Joint efforts of the shiba inu Army have made possible the destruction of over 5 million meme coins this is not an overwhelming amount however it has gone up from roughly 1 million now the burn rate is up 480 percent overall in the past few weeks the amount of burned sheep tokens that is those moved to unspendable wallets has drastically plummeted in October mostly 20 million Shiba Inu on average were burned every day this decrease began in the fall while in the summer the daily amount of bean coins locked in dead-end wallets comprise 200 to 300 million sometimes hitting half a billion within weeks at least one or two billion sheep were burned on a regular basis on Sunday the burn rate of the second largest meme coin by market cap after Doge surged by a mind-blowing 5200 percent.
However the amount of she burned was 197 799 286 coins Shiba Inu has left behind the two most popular coins by market capitalization trons TRX and Solana's Sol by the size of its market capitalization sheeb's market capitalization now comprises 5 billion four hundred seven million three hundred twenty three thousand eight hundred sixty two dollars as it has taken 13th Place on coin market cap scale of cryptocurrencies at the time of this writing Shiba Inu is changing hands at 9658 billionths of a dollar after falling 20.5 percent over the past week whale crisis with she wow stats wallet tracker focused on several blockchains showcases that the whales seem to be sort of disappointed in the Sheep token as covered by UDOT today on Wednesday the overall load of sheep held by the largest 100 whales on ethereum is less than 100 million dollars 82 million 854 494 in USD equivalent she been insolvent FTX both this week and last however Anonymous Wows transferred more than a trillion sheep this week somebody withdrew roughly 1.2 trillion Shiba Inu from the FTF exchange right before it suspended withdrawals The Exchange has been declared insolvent due to the financial troubles of Alameda trading firm linked to it finance a major rival of FTX first offered to bail it out however it later withdrew from the deal as it was unable to buy FTX together with FTX us now Justin's son who recently bought a key stake in qyobi exchange is working with FTX on a solution to ensure the withdrawal of TRX BTT and other tokens affiliated with Tron as well as yobe's token HT by their retail holders chibi new users accused shaitoshi of fewer Burns kusama was accused of doing nothing except making pledges to destroy the remaining cheap Supply by Jeff Shiba Inu Soldier and John narrow hawkfeather shaitoshi answered that he as well as the whole sheep Community doesn't own the entire quantity of Shiba Inus that were now in circulation a according to the developer the community must purchase it in order to destroy the remaining Supply then he asked them to go away stop shouting at him and give him space to do his work kusama later stated that shibarim is the key to burning the last of the sheep that is still in circulation several projects are already acquiring sheep for burning money made from in-game adverts Travis Johnson buys sheep and burns it once a week using the revenue from his Amazon advertising Network and other income streams from gaming if the Sheep developers ramp up the burn game it can definitely cause a spike in the value of sheep when there is less Supply according to data from she Burn only 32 million 676 289 sheb was burned in the last 24 hours this is just a 66 percent hike in the burn rate in the last 24 hours a total of 410 trillion 380 billion 427 million 633 498 sheave has been burned from the beginning Shiba Inu eternity game receives 4.9 star ratings on the App Store the shiba inu eternity mobile game has received 4.9 star ratings on the Google Play Store and iPhone's App Store the shiba eternity game has been released only in three countries such as Vietnam Australia and Indonesia the game is available for testing in these three countries before the developers release it worldwide veteran game developer William Volk appreciated playside Studios that built the card game and revealed on Twitter that eternity's star ratings are impressive thank you playside and the shiba inu games team after our release in only three countries this was very impressive Shiba eternity he tweeted the lead developer of Shiba swap shaitoshi kusama revealed on sheep's Discord that the team plans to schedule a Stevie attorney download day the download day is expected to take place this week on Saturday October 1st 2022 in addition shaitoshi confirmed that five percent of the Shiva eternity game Revenue would be for burning sheep tokens for the uninitiated download day is a campaign asking cheap investors to download the game immediately after it releases we're planning a download day and will ask ask everyone to download the game even if they never spend a dime then we can really start making moves said shaitoshi previously on Shiba inu's Discord server.
Therefore the more downloads the game gets the more chances it gets to show up to millions of other users shaitoshi revealed that he wishes the game would receive more than 1 million downloads at some point however only when the game is fully released worldwide would we get the exact picture of the overall star ratings pictures of the card game are already making the rounds on social media showcasing different moves of the players also we would like to mention that this is not a channel intended specifically to provide Financial advice and we do not ask you to invest in any company this is merely a channel directed towards bringing educational content to your doorsteps with that in mind before you invest in anything we recommend you do thorough wide spectrum research on the topic we hope you like this video let us know in the comments below.
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