One company, 103 million last year Shiba Inu (SHIB) destroyed the token with a single transaction.
A single recent transaction moved 103,270,223 SHIB to the dead Shiba Inu wallet to permanently remove these tokens from the current circulating supply.
Amount of SHIB Burned 103 Million!
Owner of Bigger Entertainment, when Twitter page @shibburn tweeted that a total of 103.2 million Shiba Inu were burned in a single transfer. Steven Cooperannounced that their team burned these SHIB tokens.
Bigger Entertainment is a crypto record label that allows music artists to donate 20 percent of their royalties to buy SHIB, which will then be burned. The company also sells NFT, merchandise, and tickets to music events. A portion of the profits from all of this also goes to buy SHIBs 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
The company last October SHIB launched a burning campaign and burned close to one billion SHIB in total, with 103.2 million tokens burned today.
However, according to data provided by Etherscan, close to 150 million SHIBs have been destroyed in the last five days. So far, a total of 410.3 trillion of these meme coins have been burned – making up 41.03007 percent of the total supply of SHIB, which was originally one quadrillion.
There are several other businesses participating in the SHIB burning campaign. Among them is the Shiba Coffee Company. This coffee shipping company supports the SHIB ecosystem, buying SHIB with 100 percent of its profits and burning ten percent of the SHIB it buys.
Vibe Maquillage, a cosmetics brand, burns fifteen percent of its SHIB earnings from sales. There are also other companies: Markilen, Precious Paws, Cryptoon Network, Shiba Search, etc.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.