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18.8 Million SHIB Burned in Past 24 Hours but Lots More to Be Gone in 10 Days: Etherscan Data

Sat, 02/05/2022 - 18:00
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Yuri Molchan
In the past 24 hours, almost 19 million SHIB was destroyed but a lot more going to be burned on St Valentine’s
18.8 Million SHIB Burned in Past 24 Hours but Lots More to Be Gone in 10 Days: Etherscan Data
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Shibburn Twitter account has shared data from etherscan, saying that over the past twenty-four hours, a close to 19 million Shiba Inu tokens have been burned, i.e. taken permanently out of circulation.

It took various groups inside the SHIB community ten transactions to burn this amount of crypto. By now, 41.0302 percent (totaling 410.3 trillion tokens) from the overall initial SHIB of one quadrillion supply has been burned.

Later on, another 1,882,892 was sent to a dead wallet.

In nine days, on February 14, another regular SHIB burn party hosted by Bigger Entertainment crypto record label is taking place on YouTube. The previous similar event took place on December 26, when 239 million SHIB tokens were burned.

On St Valentine’s, a lot more Shiba Inu can be destroyed, the founder of Bigger Entertainment, Steven Cooper, has written in his Twitter. Earlier, he tweeted inviting members of the SHIB army to join in by purchasing a ticket to join the event for $5 (all the money raised will be used for buying SHIB, which will later be burned, according to Cooper).

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However, this time, there is one curious difference from the previous burn party, Cooper claims, – now, SHIB community members will be burning SHIB by simply tuning in to the live video on YouTube.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at