While the SHIB army has destroyed over 1.15 billion SHIB in past 24 hours, this Shiba Inu-related business prepares another burn party for April 3
Since yesterday morning, the SHIB community has once again deleted another large amount of their favorite canine crypto tokens, according to the @shibburn account on Twitter.
Beyond that, a major SHIB burning entity is readying its next scheduled burn party, targeting 600 million tokens to be destroyed. The goal of all of the SHIB Army’s efforts to burn its tokens is to potentially make SHIB more scarce and give its price a substantial push upward.
1.157 billion SHIBs incinerated
The @shibburn account reported that it took 33 transfers to burn an incredible 1,157,908,364 SHIB in the last 24 hours.
According to the website, where info on Shiba Inu burns are accumulated from the etherscan tracker, the largest single burn transfer was conducted 17 hours ago, and it carried 1,000,000,000 meme tokens.
As covered by U.Today, a similar amount of SHIB – 1,021,292,580 tokens – was moved to several dead wallets the previous day, March 22.
600 Million SHIB target set for April 3
Another major SHIB burning company, Bigger Entertainment, spearheaded by Steven Cooper, hopes to grab 600 million canine tokens to incinerate them during the next burn party that has been scheduled for April 3—in around 10 days.
The two previous burn parties were conducted by this company on February 14 and December 26. Since the end of October last year, Bigger Entertainment has already removed a total of 1,429,260,528 SHIBs from circulation through burning.
So far, according to the website, they have 15,473,915 Shiba Inu to be burned in early April.
The company acquires SHIB for burning through its YouTube business by selling SHIB-branded products, developing a SHIB fitness app, selling sponsor tickets for its burn parties, and more.
NOWPayments launches new SHIB burn feature
As covered by U.Today, crypto payment gateway NOWPayments has come up with a new mechanism for removing SHIB and Doge Killer (LEASH) coins from circulation.
The company has implemented a new feature that helps merchants burn as many SHIB or LEASH tokens as they want.
What they need to do is simply select a percentage markup for burning these meme coins. Then the new feature of NOWPayments will automatically calculate the amount of tokens to be burned—i.e., sent to a dead-end crypto address.
