Over 211 million SHIB tokens will be burned after Christmas day by this team, while 720 million has been burnt in two days
Steven Cooper, founder and owner of Bigger Entertainment, took to Twitter to announce his team plans to destroy 211,666,467 Shiba Inu meme pieces on December 26. This amount has gradually increased since the beginning of December.
800 million SHIB short of burning one billion
On Dec. 13, the SHIB burn pot totaled 131,236,842 coins. It has grown slightly over 1.5x since then. Cooper also tweeted, suggesting that if 7,500 SHIB holders pay $5 each for a ticket to the burn party, the team would be able to incinerate a whole billion SHIB coins. That did not happen, it seems, so currently the amount of tokens to be destroyed on Sunday stands at close to 212 million SHIB.
It’s just $ 800 million less than the original $ 1 billion target. The Burnt Night will take place live on YouTube on December 26 at 2 p.m. CST.
Cooper also summarized that after the SHIB held in the burning pot is sent to a dead address, that would add up to 868,049,623 burned by the Bigger Entertainment team since October of this year.
719.1 million SHIBs destroyed in the last 48 hours
In the past 48 hours, according to etherscan, nearly 720 million Shiba Inu coins have been sent to the null address 0xdead000000000000000042069420694206942069 from various accounts. In the past 20 hours, 13.1 million SHIBs have been destroyed.
On Thursday, U.Today reported that the SHIB price started going up after 706 million SHIB had been burned on that day. SHIB skeptics believe that taking into account the staggering total supply of SHIB, these tiny burns of the coin will hardly impact the price.
Current SHIB market data
At the time of going to press, SHIB is ranked 13th on CoinMarketCap and has grown over 7% in the past 24 hours. The price is $ 0.00003839. The coin’s market cap currently is $ 21,248,008,167. Shiba Inu’s circulation supply is $ 549,063.28 billion, with the total amounting to 589,735,030,408,323.
Fifty percent of the total supply was sent to Vitalik Buterin earlier by the project’s founder, and the Ethereum co-creator burned 90% of it. He donated the remaining 10% to a charity that helps relieve the aftermath of the current global pandemic.
