A single transaction sent 103,270,223 SHIB to the deceased Shiba Inu wallet in the last nine hours. It’s permanently removing these tokens from the current circulating supply.
When the @shibburn Twitter page reported that a total of 103.2 million Shiba Inu had been destroyed in a single transfer. So, Steven Cooper, the owner of Bigger Entertainment, clarifies that his staff was the one who had burned the SHIB coins.
Bigger Entertainment is a cryptocurrency record company that asks musicians to give 20% of their royalties to the purchase. Of course, which will be burnt afterwards. The company also sells NFTs, merchandise, and concert tickets. A portion of the proceeds from all of this goes toward obtaining SHIB in order to destroy them.
“This was us at https://t.co/qAZCxRSOss
Learn how our company is contributing to the #shib “
burns using music playlists, merch, nfts, games, burn parties, and more.”
— Steven Cooper (@iamstevencooper) January 8, 2022
This company began its shiba Inu token burn campaign in October 2021. Then, since then. they have burned about one billion SHIB, in addition to the 103.2 million previously indicated.
According to the data supplied by etherscan, about 150 million SHIB had been destroyed in the last five days. By now, 410.3 trillion meme coins have been burnt, accounting for 41.03007 percent of the total SHIB supply. That’s, which was originally one quadrillion.