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379.7 Million SHIB Burned in Feb by This SHIB Burner, While 63.7 Million Gone in Past 24 Hours

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Wed, 02/23/2022 - 09:32
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Yuri Molchan
Close to 380 million Shiba Inu have been burned in February so far, major SHIB burning platform has reported, while this sum is likely to rise within next few days
379.7 Million SHIB Burned in Feb by This SHIB Burner, While 63.7 Million Gone in Past 24 Hours
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This company that develops games and burns SHIB tokens on a regular basis has announced on Twitter that, so far in February, it has sent approximately $9,365 worth of the second largest meme cryptocurrency: 370.7 SHIB.

Beyond that, another SHIB burn initiative Twitter account has reported that in the past 24 hours, various teams in the SHIB community have destroyed roughly 63,770,612 tokens.

370.7 million SHIB incinerated in February

The Twitter handle representing Travis Johnson's SHIB burn games, a game-making company that conducts frequent SHIB token burns and is one of the biggest SHIB burners, spread the word on Tuesday that, so far this month, they have managed to destroy 370,744,259 Shiba Inu worth almost $9,400.

The aforementioned @317_key account reminded its followers that there are still six days left in this month, and it plans to incinerate more SHIB.

According to the bio section of the Twitter page, the company has so far destroyed a total of 773+ million tokens. The company is eager to involve not only SHIB holders in its burning initiatives via games, but it also wants to engage gamers outside the community and get them to help burn SHIB as well.

The company uses advertising revenue to buy tokens, which are later moved to dead wallets, reducing the circulating SHIB supply.

On Feb. 16, this company burned $1,000 worth of SHIB: 37,707,390 tokens.

63.7 million burned in past 24 hours

Another major SHIB burner, who not only sends Shiba Inu to unspendable wallets but also aggregates data on burns made by other platforms and individuals, has tweeted that in the last 24 hours, a combined 63,770,612 SHIB were destroyed.

This data was collected from Etherscan.            

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"Additional utility for SHIB"

Steven Cooper, boss of another SHIB burning company – Bigger Entertainment that sells SHIB-related merch, NFTs and allows for paid listening to play lists, believes that burning is an additional utility for Shiba Inu.

In response to allegations that SHIB burning initiatives are meant to make a quick buck, Cooper urges the community to stop demonizing non-crypto businesses for adopting SHIB through partnerships and by beginning to accept it for goods and services.

Bigger Entertainment has recently been facing these accusations as well, according to Cooper's tweets, and as a result, it has given up selling a $5 subscription to its regular burn parties, when SHIB are sent to dead addresses live on YouTube.

Cooper has promised to come up with new and creative ways to destroy SHIB in the near future.

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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 yuri.molchan@u.today.