Etherscan data shows that 18.8 million SHIB had been burned in the last 24 hours, with plenty more to go in the next ten days

The Shibburn Twitter account posted data from etherscan, claiming that around 19 million Shiba Inu tokens have been burned, or removed permanently out of circulation, in the last twenty-four hours.

This amount of crypto was burned in ten transactions by separate groups inside the SHIB community. By now, 41.0302 percent of the total initial SHIB supply of one quadrillion tokens has been burned (totaling 410.3 trillion tokens).

Another 1,882,892 was sent to a defunct wallet afterwards.

Another regular SHIB burn party presented by Bigger Entertainment crypto record company will take place on YouTube in nine days, on February 14. On December 26, a similar event occurred, in which 239 million SHIB tokens were burnt.

According to Steven Cooper, the CEO of Bigger Entertainment, a lot more Shiba Inu can be destroyed on Valentine’s Day. He had already tweeted an invitation to members of the SHIB army to participate in by purchasing a $5 ticket to the event (all the money raised will be used for buying SHIB, which will later be burned, according to Cooper).

This time, however, Cooper adds, there will be one notable difference from the previous burn party: now, SHIB community members will be able to burn SHIB by simply tuning in to the live broadcast on YouTube.



Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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