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Bigger Entertainment Founder Highlights How Shiba Inu Community Could Quickly Burn 1 Trillion SHIB

Steven Cooper, the founder of Bigger Entertainment, has recently highlighted how he thinks the Shiba Inu community could quickly burn 1 trillion tokens from SHIB circulating supply.

Unlike 20 million and 100 million SHIB that is worth $570 and $2,854 respectively, which get burned on a daily basis, burning 1 trillion SHIB tokens represents a whopping $28.56 million at current prices. Cooper believes this is achievable.

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How Could 1 Trillion SHIB Tokens Burn So Fast?

According to Steven Cooper in one of his recent tweets, the SHIB army could expand almost twice, from relatively 1,170,000 to at least 2 million, with each member holding at least 294.5 million SHIB.

He then said if 1 million holders start sending $30 worth of SHIB daily, then one trillion SHIB will be burned in total.

Steven Cooper tweeted, “If 2 million holders held 294.5 million #shib the supply would be gone. The math is there. Now add in massive initiatives for burning and you have a winning combination. Remember, 1 million people burning around $30 is 1 TRILLION coins gone forever.”

Read Also: Shiba Inu Whales Are Back: SHIB Transactions Greater Than $100k Reach Multi-Month High At $389M

26.3 million SHIB burned in past 24 Hours

According to the data provided by the Shibburn, over the past 24 hours, a total of 26,303,773 Shiba Inu tokens have been sent to dead wallets, which implies that all the tokens have been permanently removed from the SHIB’s circulating supply.

Shibburn tweeted, In the past 24 hours, there have been a total of 26,303,773 $SHIB tokens burned and 21 transactions.”

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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