Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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.
In the past 24 hours, there have been a total of 17,081,193 $SHIB tokens burned and 10 transactions. So far, a total of 410,302,031,022,757 #SHIB tokens (41.0302%) have been burned from the initial supply of 1 quadrillion. #shibarmy
— Shibburn (@shibburn) February 5, 2022
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).
Yuri MolchanHowever, 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.
This will be the first burn party where you’ll be burning #SHIB just by tuning in. So make sure to mark your calendars for Feb. 14th at 2PM CST. ?
— Steven Cooper (@iamstevencooper) February 4, 2022
Be sure to subscribe:https://t.co/gA3so0w9ws
Alex Dovbnya
Dan Burgin
Vladislav Sopov