Shibburn, the Twitter handle that tracks all Shiba Inu tokens that are sent to the dead wallet, reported that over the last 24 hours, 306.1 million SHIB has been destroyed. This implies that the amount of SHIB tokens mentioned has been permanently taken out of circulation.
It’s also reported that nearly 500 million SHIB will be burned today 15th February 2022.
306.1 Million SHIB Tokens Burned in the Last 24 Hours
A couple of hours ago, Shibburn reported that a total of 306,104,347 SHIB tokens have been destroyed in the last 24 hours.
The burning process has been consistent. The goal is to see the price of SHIB rise up to the $0.01 price level. According to the community, though the price tag could be outrageous, it’s possible.
Thus, another big lump of SHIB has been taken out of the circulating supply, which initially totaled a staggering one quadrillion.
As the report has it, the crypto record label, Bigger Entertainment burned the largest percentage of the amount mentioned above.
During the scheduled burn party that took place on Valentine’s Day, the firm burned a total of 240,192,701 tokens during a live YouTube stream.
Before the burn party on 14th February, Steven Cooper, the founder of Bigger Entertainment, announced that relatively 1 billion Shiba Inu tokens will be destroyed altogether this week.
Out of the nearly 1 billion tokens, the firm destroyed 240.1 million. He added that the gaming platform @317_key plans to burn about 500 million SHIB through one of its phone games, Bricks Buster.
Steven Cooper tweeted, “Great job #shibarmy! Over 131 Mil #shib sent direct to dead wallet this week. We’ll burn 240 Mil tomorrow during the burn party. Bricks Buster will burn 500 Mil on the 15th. Right around 1 BILLION for the week. Some said that was impossible. Let’s go for 2 BILLION next!
“Also, this doesn’t include the fact you’ll be burning more just by watching the burn party. We’ll burn whatever amount comes in from that the following month when it pays out.”
Howbeit, the gaming platform, @317_key, has tweeted that the total amount of SHIB to be destroyed today is slightly less than 500 million.
“Went ahead and officially purchased tomorrows burn, was hoping the price would dip a bit more, but its been pretty solid around this range for a few days. 415,555,725 SHIB Coins. About to get taken out of circulation. Huge thanks to the entire community for making this possible.”
Went ahead and officially purchased tomorrows burn, was hoping the price would dip a bit more, but its been pretty solid around this range for a few days.
415,555,725 SHIB Coins
About to get taken out of circulation.
Huge thanks to the entire community for making this possible pic.twitter.com/Gn8oAm5eif
— Accomplished_Key_317 (@317_key) February 14, 2022