At Christmas, 240 million SHIB were destroyed.
Bigger Entertainment has published the amount of SHIB burnt during the current “burn party,” revealing that less than a billion meme coin has been destroyed since October 2021.
The Bigger Entertainment team has announced that during the burn party, which was broadcast live on their YouTube channel on Sunday, the sum of 239,600,144 SHIB was transmitted to a null address and was permanently removed from circulation.
According to the Twitter handle of its founder, Steven Cooper, the corporation began burning Shiba Inu meme crypto coins in October of this year. Bigger Entertainment accepts cryptocurrency in exchange for NFTs, merch, and event tickets, allowing the SHIB Army to contribute to the total amount of coin destroyed. Furthermore, users may listen to music files on the project’s website, which contributes to the burning of the second-largest meme cryptocurrency.
The last burn party of the year was held on December 26. According to the tweet and the YouTube video broadcast, 239,600,144 SHIB tokens were burnt or delivered to a “dead” address, from which the coins could not be withdrawn or spent. This is comparable to $9,183 in fiat currency.
Cooper initially wanted to burn one billion coins and asked the meme coin community to contribute $5 apiece in a series of tweets. His excitement, however, was not shared, and only about one-fifth of that was cremated.
Cooper has burnt a total of 880,983,100 Shiba inu coins tokens since October. That calculates out to $33,741.60.