306 Million SHIB Burned Over Last 24 Hours, 500 Million to Be Gone Today
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.
In a recent tweet, @Shibburn Twitter account spread the word that in the last 24 hours, 306.1 million SHIB tokens have been sent to "inferno" wallets to be removed from circulation permanently.
Another 500 million SHIB is expected to get gone today too.
Meanwhile, the community holding the second biggest canine cryptocurrency and "Dogecoin killer" has reached a new all-time high by number of hodlers.
306.1 million SHIB gone
Citing its own website that duplicates data on transactions related to burning SHIB from etherscan, Twitter user Shibburn tweeted that over the last 24 hours, a total of 306,104,347 SHIB have been sent to dead wallets from which nobody can withdraw or spend them in any way.
Thus, another big lump of SHIB has been taken out of the circulating supply, which initially totaled a staggering one quadrillion. It took the community 30 transfers to unspendable wallets to burn that many tokens.
An hour later, another 32,995 SHIB were incinerated, according to Shibburn.
Bigger Entertainment burns 240 million SHIB, promises one billion burned this week
From the aforementioned 306.1 million SHIB that were locked in dead wallets permanently, the biggest portion was moved to one of these addresses by Bigger Entertainment crypto record label and its CEO, Steven Cooper.
During the scheduled burn party that took place on Valentine's Day, they destroyed a total of 240,192,701 tokens during a live YouTube stream.
On Feb. 14, before the party, Cooper took to Twitter to announce that close to one billion Shiba Inu tokens will be burned overall this week. Bigger Entertainment destroyed 240.1 million and today, on Feb. 15, and gaming platform @317_key is going to burn roughly 500 million SHIB via one of its mobile phone games—Bricks Buster. Along with other SHIB burn initiatives, Cooper assumed that close to one billion SHIB might be burned this week and urged the community to strive to make it to two billion next week.
Great job #shibarmy! Over 131 Mil #shib sent direct to dead wallet this week. We'll burn 240 Mil tomorrow during the burn party. Bricks Buster will burn 500 Mil on the 15th. Right around 1 BILLION for the week. Some said that was impossible. Let's go for 2 BILLION next!
— Steven Cooper (@iamstevencooper) February 14, 2022
However, the @317_key account has tweeted that the total amount of SHIB to be burnt today is slightly less than that: 415,555,725.
Went ahead and officially purchased tomorrows burn, was hoping the price would dip a bit more, but its been pretty solid around this range for a few days.
— Accomplished_Key_317 (@317_key) February 14, 2022
415,555,725 SHIB Coins
About to get taken out of circulation.
Huge thanks to the entire community for making this possible pic.twitter.com/Gn8oAm5eif
Alex DovbnyaNumber of SHIB holders soars to a new high
WhaleStats data service has announced that the SHIB community had expanded, and now the overall amount of addresses holding Shiba Inu has reached a new historic peak of 1,175,078.
Overall, the top 1,000 ETH whales are now holding a combined 54,462,051,231,488 Shiba Inu tokens worth $1,601,380,118.
? New Record: $SHIB reaches an astonishing 1,175,000+ holders.
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) February 15, 2022
Current Holder Count: 1,175,078
? The top 1000 ETH wallets are holding 54,462,051,231,488 $SHIB ($1,601,380,118 USD)
Source: https://t.co/keN3btSnKj#SHIB #ShibArmy
Alex Dovbnya
Arman Shirinyan
Dan Burgin
Vladislav Sopov