Over 313.244 million Shiba Inu (SHIB) tokens burned within the last seven days and over 55 million in the previous 24 hours.
Shibburn recently released weekly burn data for Shiba Inu (SHIB) tokens, according to the data, SHIB Community has been able to destroy a total of 313,244,633 (313M) Shib tokens with 77 transactions. While 55,338,883 (55M) SHIB tokens have been burned on Sunday alone with eight transactions.
In the last 7 days, there have been a total of 313,244,633 $SHIB tokens burned and 77 transactions. #shibarmy
— Shibburn (@shibburn) February 6, 2022
The continuous burning of shib coins is reflected in the price. As Shiba Inu supply is gradually being decreased, despite solid selling pressure in previous days, shib was able to hold $0.00002000; now, as the market turns green, shib is the first to move upward at a rapid pace, increasing 23% in the last 24 hours currently trading at $0.00002791.
After this weekly burn, a total of 410,302,093,313,848 SHIB tokens (41.03021%) have been burned from the initial supply of 1 quadrillion.
Besides this data, Steven Cooper, the owner of Bigger Entertainment, has prepared himself and his followers for the upcoming SHIB Burn party, scheduled for 14th February 2022.
Steven Cooper expects this burn party to be massive and has the dream to burn more than a billion Shib tokens in just a single transaction. If this dream comes true for the die-hard fan of Shiba Inu and the owner of Bigger Entertainment, this will be considered as a “Historic Move.”
In cooperation with Shiba Community, Bigger Entertainment has been able to burn 239 million Shib tokens at their last burn party. Steven Cooper wishes to beat this previous record during this upcoming burn party to make it the largest burn party ever.
Steven Cooper Shib’s burning campaign has already burned over 1 billion of SHIB while inspiring 100’s to burn to the dead wallet, countless burn initiatives, partnerships, etc.
To be precise, 1,102,375,566 Shib tokens have been taken out from circulation by this individual company alone, and still, the owner believes that they are in their infancy stage. He also appreciates the contribution of the Shib Army to make his burn parties successful.
In addition, the On-chain data revealed that Bigger Entertainment alone was able to burn 103 million tokens in January.
Follow Us on Twitter and Facebook.
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.