Spotlight

One Billion Shiba Inu Coins Have Been Burnt By Bigger Entertainment To Date

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Spotlight

It seems like Shiba Inu is getting ready to fly as more and more coins are being burnt by fans of the cryptocurrency.

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Spotlight

The whole memecoin craze has propelled Shiba Inu to become the darling cryptocurrency of Redditors and Twitter users.

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Spotlight

Crypto Label Bigger Entertainment burnt 240 million Shiba Inu supply during Christmas. They promised to burn more tokens in 2022 and it seems like they are committed to their words.

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Spotlight

Steven Cooper, an owner of Bigger Entertainment, recently declared that his company has sent another 2.80 million Shiba Inu (SHIB) tokens to the dead wallet.

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Spotlight

With this transaction along with other smaller burns this week, the company becomes able to burn a total of 1,012,508,035 SHIB since the launch of its burning campaigns on October 20th, 2021.

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Spotlight

If you’re not aware about Coin Burns, it is essentially the practice of destroying the coin so that it is not available for further and is wiped off the supplies.

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Spotlight

This is done by sending the coins to any forgotten or specialized wallets whose private keys are not accessible. 

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Spotlight

This, in turn, removes the token from supply and helps boost the price of the cryptocurrency.

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One Billion Shiba Inu Coins Have Been Burnt By Bigger Entertainment To Date