BitcoinWorld

Latest News

These projects burned 1.14 billion Shib Inu in a single week

According to a message from the “SHIBtyme” Twitter account, 1,140,746,704 Shib tokens were burnt between December 12 and December 26. Bigger Entertainment’s account, as well as its creator Steven Cooper and vEmpire DDAO, were all tagged in the post.

Bigger Entertainment, for example, is a crypto label that sells apparel, NFTs, and event tickets, as well as allowing users can listen to music recordings on their website, allowing them to donate to SHIB burn parties on a regular basis. The most recent one occurred on Dec. 26, when 239,600,144 Shiba tokens were relocated to an unspendable address and put out of circulation.

Since the project began in mid-October, the crew has burned a total of 880,983,100 SHIB, which is worth $33,741.60.

According to a tweet from “SHIBtyme,” the SHIB army has destroyed nearly two billion SHIB tokens since December: 1,943,391,652 to be exact.

SHIB is burned on an average of 13,741,174 coins every day.

The highest SHIB burn, according to the graphic published in the tweet, occurred on Dec. 22, when 700,000 tokens were burned. On Dec. 26, a total of 350,000 people were burnt. On Dec. 18, between 250,000 and 300,000 postcards were mailed to a “dead address.”

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.