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HomeCrypto NewsMarketAnother 14.5 Million Shiba Inu Gone Forever

Another 14.5 Million Shiba Inu Gone Forever

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Another 14.5 million Shiba Inu Burned For Ever.

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Steven Cooper, the owner of Bigger entertainment, has announced that his team burned another 2.75 Million shib tokens.

The transaction can be seen on:

https://etherscan.io/tx/0x40677c385998054e9b2cc436610011873e2e6ee1b96b6d29cf4ad3b52f33a3cf

In total, Bigg entertainment has been able to burn 889,483,100 Shiba Inu since the launch of their burning campaign.

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Steven Cooper, an owner of Bigger Entertainment, is particularly engaged in socializing with ShibArmy. He is doing a great job burning SHIB coins and decreasing their supply.

Burning is a process where tokens are permanently removed from the circulating supply. As the supply of coins decreases eventually, the price goes high. Steven Cooper recently announced that his company plans to burn $100,000 worth of Shiba Inu, almost 2.95 Billion tokens. In December, there was a mega shib burn party organized by Bigger entertainment; they were able to burn 239 million tokens.

On the other hand, on Jan 02, Shiba coffee, another business that focuses on burning shib regularly, burned 11,851,851 tokens (11.8M).

The transactions can be seen at:

https://etherscan.io/tx/0xdc5c8cfd31beb99a707f9dddbe7d2c0a7d504dadb5ae08d26364c4791398a43d

Shiba Coffee Company was founded by someone with the mission to sell coffee in exchange for Shiba Inu (SHIB) token. The company promised to purchase Shib with its 100% of profits; 10% of the yields are used to burn shib and 90% on business development.

 

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Author

Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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