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Bigger Entertainment Founder Finally Disclosed Why His Company Stopped Shiba Inu Burn Campaigns

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Bigger Entertainment Founder Finally Disclosed Why He Stopped Shiba Inu Burn Campaigns.

The Shiba Inu community was heartbroken after Bigger Entertainment announced on April 1, 2022, that it will no longer be burning SHIB, without dropping further details. 

Since the company made the announcement, many SHIB enthusiasts are curious to know what led to the sad development. 

Cooper’s Reasons for Stopping SHIB Burn Parties

According to an International Business Times (IB Times) report, Steven Cooper, the owner of Bigger Entertainment, spearheaded many Shiba Inu burn campaigns, revealing why he and his firm decided to abandon the SHIB burn party. 

Speaking in a private DM shared with IB Times, Cooper noted that he chose to discontinue the SHIB burn party due to a lack of transparency from the Shiba Inu development team. 

According to Cooper, he received an invite to a Discord group by Shiba Inu and the Italian-based Welly’s fast-food chain team, to produce in-store playlists for the Naples-based restaurant. 

However, during the Discord call, Cooper noted that the attendees, including people from Welly’s and Shiba Inu, used avatars and pseudonymous names, suggesting that they were hiding their identities. 

Cooper noted that the call did not go down well with him as he was met with a lot of animosity, and some of the attendees from the Shiba Inu team accused Bigger Entertainment of being petty with the cryptocurrency and always sharing too much information with the public. 

The tone of the so-called Shiba Inu developers, according to Cooper, sounded like people within the age range of their 20s. 

The Bigger Entertainment boss also noted that the Shiba Inu and Welly’s team also disclosed the amount of $BONE, the native cryptocurrency of decentralized exchange ShibaSwap, that was sold on the trading platform. 

Bigger Entertainment’s “BIG” Decision

Following false accusations, lack of transparency, and the information shared, Cooper and his team decided it was time to disassociate themselves from the SHIB burn campaigns. 

Between the information shared, the tone of the conversation, being cursed out, and having no regard for community burn efforts, we decided it was best to dissociate completely,” Cooper added. 

Numerous SHIB Burn Campaigns

Cooper has been at the forefront of the Shiba Inu burning program, as the company has always indicated an interest in reducing SHIB’s total supply from one quadrillion, in order to boost the token’s value to $0.01. 

The company, which started by raising funds via its streaming website, advanced to selling different merchandise like clothes and hoodies. 

A portion of the profit generated is used to buy Shiba Inu coins, which are usually sent to an inferno wallet. So far, the Shiba Inu community has burned a total of 410,309,765,509,065 SHIB

SHIB Price Stagnant

Despite the numerous burn programs, the price of Shiba Inu has not rallied beyond expectations as many SHIB enthusiasts are offloading their holdings of the cryptocurrency due to their inability to purchase land in the Shiba Inu metaverse project.  

At press time, Shiba Inu is trading around $0.00002635, down 3.5% in the last seven days. 

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Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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