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HomeCrypto NewsMarketShiba Inu Burning Accelerates Following the Recent Widespread Selloff in Crypto Market

Shiba Inu Burning Accelerates Following the Recent Widespread Selloff in Crypto Market


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On one side, the global crypto market has been experiencing the pain of widespread selloff for the last few days. At the same time, Steven Cooper, an owner of Bigger Entertainment, feels excited about the upcoming burn parties.

Bigger Entertainment will arrange its next burn party on 14th February 2022. The widespread selloff in cryptocurrencies has badly hit meme-tokens’ prices, including Shiba Inu (SHIB) token.

Shiba Inu (SHIB) token fell more than -37.05% in the last seven days. At the time of writing, Shiba Inu’s token price is trading at $0.00001904 per coin, falling more than 21% for the day alone.

Bigger Entertainment, a top burner of Shiba Inu token, sees this massive selloff in the crypto market as an opportunity and expects to do their largest burn of history. As the token price is low, the company will be able to buy more coins from the burn pot build for their next burn party and later send it to the dead wallet, getting those tokens out of circulation forever.

According to the recent Twitter update from the owner of Bigger Entertainment, the company now has much to burn, over 82 Million tokens, and the pot is still growing. Steven Cooper says that if SHIB’s price remains the same now, one listener will burn approximately 15,000+ tokens per day. If his 118K followers repeat the same thing, then the company will burn 1.7 Billion SHIB tokens a day. This will be massive.

In the last week alone, Bigger Entertainment has burned a total of 428 Million+ SHIB tokens, and according to Steven Cooper, this has become a regular thing now. The hold time has gone up over 400% since their SHIB Burning Campaigns in October. This becomes possible because SHIB Army is united with the company. Steven Cooper’s company is confident about its burning campaigns, and they don’t want SHIB Army to get lost in the fear being created.

Bigger Entertainment is on a mission to push SHIB prices to 1 cent mark. For this reason, the company has created most of the ways to burn SHIB. The only hurdle for SHIB to achieve that mark is its circulating supply, which stands at 549,063.28B SHIB tokens.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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