Shib Magazine has announced the release of its much-anticipated third edition, now more enticing than ever. This edition highlights Welly, a unique Shib-themed Italian fast-food restaurant from Naples. The magazine, known for its engaging content, dives into the fusion of Italian cuisine and the Shiba Inu theme, offering a delectable read for its audience.

LUCIE, a Shiba Ecosystem Official, shared a Twitter post providing insights into the exciting collaboration between Shib Magazine and Welly:

Last week’s release saw an overwhelming response from the community, with 3,000 Manny Pacquiao NFTs being acquired astonishingly rapidly, reminiscent of the swift downfall of Terra Luna. Shib Magazine encourages readers to subscribe for the latest updates. In this week’s release, an impressive 5,000 NFTs are available for minting, presenting another exciting opportunity for collectors.

Shiba Inu (SHIB) has made a significant splash with a staggering 47,872% increase in its burn rate. This remarkable upsurge represents the community’s strong commitment to the coin’s deflationary mechanism. According to Shibburn’s latest data, an astounding 28,129,380 SHIB tokens have been transferred to dead wallets, marking a historic peak in the token’s burn rate.

This notable increase in the burn rate reflects the dynamic and ever-evolving Shiba Inu ecosystem. The total number of SHIB tokens burned since the initiation of this campaign has reached a monumental 410 trillion. This development coincides with Shibarium, Shiba Inu’s blockchain network, nearing a significant milestone with the creation of over 1.7 million blocks and eyeing the 1.8 million mark.

Interestingly, the SHIB token’s value diverges from these bullish developments. Despite the significant burn rate increase and advancements in the Shibarium network, the token’s market price has not experienced a corresponding surge. This unexpected stability hints at potential growth the market has yet to acknowledge or capitalize on fully.

In addition to these exciting developments, Shib Magazine is enhancing its community engagement with a new channel on Discord dedicated to News.SHIB.IO. This platform is designed for vibrant discussions, content debates, and sharing intriguing tweets, though only in screenshot form, without direct links. The most compelling contributions on this channel have the potential to be featured in future editions of the magazine, offering an interactive space for the Shibarmy community.

Today’s Shiba Inu price analysis shows a  slight decline in the price, with bearish market sentiment prevailing. At the time of reporting, SHIB is trading at $0.000008, showing a decrease of 3.36% in the last 24 hours. This price decline can be attributed to the overall market sentiment and volatility in the cryptocurrency market. However, despite this recent dip, Shiba Inu has gained significant traction and attention from investors and traders alike. The current market cap of SHIB stands at $4,937,621,009, positioning it as one of the top 11 cryptocurrencies by market capitalization.