The Shibburn Twitter account shared etherscan data, saying that in the last twenty-four hours, close to 19 million Shiba Inu tokens have been burned, that is, they have been permanently removed from circulation.
In the past 24 hours, there have been a total of 17,081,193 $SHIB tokens burned and 10 transactions. So far, a total of 410,302,031,022,757 #SHIB tokens (41.0302%) have been burned from the initial supply of 1 quadrillion. #shibarmy
— Shibburn (@shibburn) February 5, 2022
To burn this amount of crypto, various groups in the SHIB community first performed ten transactions. So far, 41,0302 percent of the initial supply of one quadrillion SHIBs (410.3 trillion tokens total) has been burned. Later, another 1,882,892 tokens were sent to an unused wallet. reported.
Besides, as we previously reported, another regular SHIB burning “party” by crypto-based record label Bigger Entertainment is expected to take place on YouTube nine days later, on February 14. The previous similar event took place on December 26, when 239 million SHIB tokens were burned.
Bigger Entertainment founder Steven Cooper wrote on Twitter that many more Shiba Inu could be destroyed on Valentine’s Day. Prior to that, the SHIB community invited its members to purchase a ticket to attend the event for $5 (all the money raised will be used to purchase the SHIB, which will later be burned, according to Cooper).
However, Cooper claimed that this time there is an interesting difference from the previous burning party: this time, members of the SHIB community will only burn SHIB via live video on YouTube.
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