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Steven Cooper, boss of Bigger Entertainment, the company that conducts regular SHIB burning parties, has taken to Twitter to announce the goal that the SHIB community has set itself to achieve in terms of the SHIB amount that needs to be burned.
10 percent needs to be burned before SHIB devs join in
He wrote that this needs to be made clear before the next burn party is announced. The tweet has it that the goal of the SHIB army burn efforts is to reduce the meme token supply by 10 percent.
After that, he hopes, the SHIB developer team will join them and will ultimately destroy twenty percent or even more.
Before we announce the next burn party I want to make this clear… This is not to pump, this is to reduce supply. #Shib price may not change at all. Our focus as a community is reducing 10% of supply together & hoping Dev team follows suit by focusing on 20% or more. #shibarmy— Steven Cooper (@iamstevencooper) March 1, 2022
The recent two burn parties conducted by Bigger Entertainment live on YouTube took place on December 26 and February 14.
34.8 million burned in 24+ hours
As reported by @shibburn, in the past 24 hours, the Shiba Inu army has managed to burn a total of 34,853,687 canine tokens.