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  • Shiba Inu is preparing for a massive development of its ecosystem as the meme network collaborates with Amazon. 
  • Shibburn calls on new twitter owner Elon Musk to find a permanent solution to content plagiarism on the platform.

The world of crypto comes with never-ending surprises. The latest surprise is a massive partnership between the popular meme digital asset SHIB, retail giants (Amazon), and the new Twitter owner, Elon Musk.

A Twitter account that offers updates about SHIB (@ShibaInuNews) was the first to share the update. The partnership will kickstart new developmental steps for the Shiba Inu ecosystem.

Burning SHIB via Amazon

Meanwhile, the latest event is still a developing story, as no further information has been revealed about the partnership. In addition, negotiations are still ongoing on the possible launch of the new deal between the parties. Hence, @ShibaInuNews stated that it would provide updates regarding the development by December 1 if all goes as planned.

As far back as May 27, a news report indicated that SHIB Super Store, the meme coin burner, had been integrated into the Amazon Affiliate Program. Accordingly, the Shiba Inu store will use 1 to 20 percent of its profit to purchase SHIB, which users can burn every Sunday. Then, the total number of tokens burned was 2 million SHIB.

Before the platform could attain such a feat, the SHIB Super Store deposits part of its profits from advertising games and selling merchandise branded with SHIB.

In a related development, the Shibburn Twitter account, which keeps tabs on all SHIB burn activities, has called on Elon Musk to address the incident of content theft on Twitter. According to the tracking platform, the move is necessary to prevent others from making money on the new Twitter model that the Tesla owner is working on creating.

Interestingly, the request came following Musk’s announcement that content creators will earn higher compensation soon, and the platform is working on a way to make it happen. However, Shibburn is concerned about the high level of plagiarized content on Twitter.

For instance, hundreds of entities continue to steal reports on ShibBurn’s activities and pass them off as their own. The SHIBBurn believes it is high time Twitter stopped monetizing plagiarized content.

SHIB’s burn rate soars by 38.4 million in 24 hours

The burn rate of the canine cryptocurrency has managed to drive the asset’s price up and reduce its supply. However, the entire crypto market is in the red. Hence, there is little momentum that a constant burn rate can generate.

Nevertheless, the constant SHIB burning has attracted the largest Ethereum whales to the coin. A WhaleStats recent update shows the top 2000 Ethereum whales have accumulated about $70.39 million worth of SHIB tokens. At the time of this writing, Shiba Inu was among the top 2,000 assets held by the largest ETH whales, followed by UNI and MKR.

If the partnership between SHIB and Amazon is successful, it will have profound ramifications for the meme-themed cryptocurrency.

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Paul is a cryptocurrency enthusiast hailing from Canada, bringing a wealth of knowledge and a passion for digital finance to the forefront. With a solid foundation in business administration, having earned a Master's degree in the field, Paul possesses a unique blend of business acumen and cryptocurrency expertise. Cryptocurrency Journey Paul's journey into the world of cryptocurrencies commenced in 2021 when he recognized the transformative potential of blockchain technology. Since then, he has been dedicated to keeping the crypto community well-informed through his writings. Specializing in news-related articles, Paul provides readers with up-to-the-minute insights into the dynamic and ever-evolving crypto landscape. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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