Recently, Bigger Entertainment owner Steven Cooper announced that his team plans to “burn” 211,666,467 Shiba Inu (SHIB) on December 26. According to the latest developments, this amount has been increasing gradually since December. Whales are found to have purchased 53 billion SHIB. Here’s what to expect for the post-Christmas meme coin…
211.7 million Shiba Inu (SHIB) will be burned on December 26
On December 13, SHIB registered a total of 131,236,842 tokens. It has increased a little more than 1.5 times since then. Cooper tweeted that if 7,500 SHIB holders paid $5 each for a ticket to the “coin burning party,” the group could burn one billion tokens. cryptocoin.com You can take a look at Cooper’s statements about the burning event, which we prepared as In his latest tweet, Cooper said, “Can you imagine what we can do in 2022?” He addressed the community with his tweet.
Of the 211,666,467 SHIBs Cooper targeted in the tweet above, only 800 million are currently missing. The Burn Party will be streamed live on YouTube on December 26 at 14:00. Cooper also outlines that after the burning SHIB was sent to a dead address, an additional 868,049,623 will be burned by the Bigger Entertainment team as of October of this year.
- According to Etherscan, in the last 48 hours, approximately 720 million Shiba Inu have been sent from various accounts to the blank address 0xdead000000000000000000042069420694206942069. 13.1 million tokens were destroyed in the last 20 hours.
What to expect in the meme coin project after Christmas?
After 706 million SHIBs were burned on December 24, the price of SHIB began to rise. SHIB skeptics believe these mini-burns won’t have much of an impact on the price, given SHIB’s incredible total supply. Elsewhere, an Ethereum whale added 53 billion SHIB or $2,008,890 to its wallet, according to WhaleStats. The average SHIB balance held by large Shiba Inu owners increased by 8%. Therefore, since the December 20 low of $0.00002820, whales seem to have played a major role in the bullishness, with SHIB taking the top spot as the largest token position. Finally, the increased wallet ownership of the meme coin, its share in the top 1,000 Ethereum wallets, and its net flows rising by 629% could be a major catalyst for fundamental growth, although not immediately.
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