Here’s how a billion SHIB tokens will be burned, according to the creator of the crypto burner
Steven Cooper, owner and CEO of Bigger Entertainment, has taken to Twitter to share with the SHIB community how one billion SHIB tokens will be burned this week.
Considering the breakdown of how this could be achieved, the creator of the cryptocurrency campaign shares that more than 131 million SHIBs have already been sent directly to a dead wallet, and 240 million SHIBs will be burned in a Valentine’s Day party, while Bricks Buster intends to do a massive token burn this week. Come February 15, the mobile app game is expected to burn 500 million SHIB. That’s almost a billion for the week.
U.Today earlier reported on nine businesses teaming up in the SHIB burn pledge, indicating that several businesses are contributing to burn Shiba Inu tokens alongside Bigger Entertainment. The CEO of that company noted this in response to a SHIB user while also reiterating the possibility of burning a billion SHIB tokens in a week from then on.
Steven Cooper says, “We said a billion as a community. We are not the only ones burning. There are many engraving initiatives underway and one billion coins in a week is a huge step forward.”
41 million SHIB burned in the past 24 hours
According to data provided by Shibburn Twitter handle, over the past 24 hours, there have been a total of 38,951,147 SHIB tokens burned and 17 transactions.
Hours later, more than three million tokens were burned, bringing the current total to 41,511,004 SHIBs withdrawn from circulating supply, according to Shibburn’s website.
Ahead of the massive burn slated for this week, whales can be seen accumulating SHIB in large quantities.
A recent tweet from WhalesStats shows that the largest BNB whale among the 1,000 BSC wallets it tracks has acquired 139,929,254,883 Shiba Inu, or $4,232,859. On top of that, SHIB made a comeback to rank number one in purchased parts for this whale category.
In the long run, a burn triggers a reduction in supply and might fuel a bullish narrative for the SHIB price.
