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Here’s How Much SHIB Needs to Be Destroyed by SHIB Burners: Founder of SHIB Burning Business

Wed, 03/02/2022 - 16:38
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Yuri Molchan
CEO of this SHIB burner has revealed how much SHIB the community roughly plans to destroy to push the price up
Here’s How Much SHIB Needs to Be Destroyed by SHIB Burners: Founder of SHIB Burning Business
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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.

The recent two burn parties conducted by Bigger Entertainment live on YouTube took place on December 26 and February 14.

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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.

SHIBburned_34mil
Image via Twitter
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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.

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