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Another 2.5 Million SHIB Burned with Over 3 Billion SHIB Destroyed in December: Details

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Thu, 12/30/2021 - 10:20
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Yuri Molchan
Yet another massive stash of Shiba Inu has been sent to an unspendable wallet, while another 1.5 million is waiting to follow soon
Another 2.5 Million SHIB Burned with Over 3 Billion SHIB Destroyed in December: Details
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The owner of the Bigger Entertainment crypto label, Steven Cooper, has taken to Twitter to announce that his project team has burned another large amount of Shiba Inu coins—2.5 million—while 1.5 million SHIB are waiting to be taken out of circulation too.

884.9 million Shiba Inu destroyed since mid-fall

Cooper posted a link to etherscan in his tweet, proving that the 2.5 million SHIB has been destroyed.

A few days ago, on Dec. 26 (Boxing Day in some countries), the project conducted a scheduled "burn party," during which 239,600,144 coins were sent to a null address. This large amount, together with the aforementioned 2.5 million, make up a total of 884,983,100 SHIB eliminated by the project since Oct. 20.

The head of the project has promised more big announcements about future SHIB burns to appear on his Twitter page soon.

Over three billion SHIB burned this month in total

As reported by U.Today previously, this month has been "rich" in burned SHIB tokens. According to a tweet by a SHIB-dedicated Twitter user "SHIBtyme," this month, the SHIB community has eliminated 1,943,391,652 tokens.

Together with the aforementioned 242.5 million, 370.4 million SHIB were burned by the SHIB community on Dec. 26-27, and 706 million were incinerated on Dec. 23, according to the data provided by etherscan. All of it together makes up another 1.3 billion.

Thus, approximately 3.3 billion SHIB were sent to a dead address in December.

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2.9 billion SHIB to be burned later on

Bigger Entertainment's Steven Cooper has also announced that his team plans to burn $100,000 worth of SHIB, without revealing details yet. This equals 2,943,773,918,163085 Shiba Inu tokens.

He has also unveiled that his team is building the SHIB Fitness app, promising to announce its partner, who will help build it, soon.

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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.