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Billions of SHIBs continue to be burned as more platforms take over the coin meme

Steven Cooper, CEO of Bigger Entertainment, tweeted today that his team burned another 2.5 million SHIBs. He also previously announced a live token burning party that will be held on December 26th.

In addition, 1.5 million SHIBs will also be withdrawn from circulation. As a result, an estimated 884.9 million SHIBs have been burned since October 20, and 3 million tokens have been burned that month alone.

Going forward, Steven Cooper said, the company plans to burn another 2.9 billion SHIBs worth around $ 100,000 and build a new music game development campaign targeting the crypto market.

https://twitter.com/iamstevencooper/status/1476406162857730048?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

Meanwhile, the Shiba-Inu whale collects tokens during the bear market. Analysis of the top 100 owners shows The average number of SHIB tokens in whale wallets increased by 28% during the recovery period. While their stocks have increased by 18%.

However, the token’s trading volume currently remains low with a daily price range of $ 0.000331 to $ 0.000348.

developers recently also did Disclosure on Discord that they will have a big surprise for the community in 2022. At the same time, an announcement was made yesterday regarding the Shibarium gas token.

https://twitter.com/Shibtoken/status/1476395811730821124?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

Additionally, India-based crypto investment app CoinSwitch has listed Shiba Inu (SHIBs) on its trading platform.

In this regard, Ashish Singhal, CEO and Founder of CoinSwitch commented:

“The demand for Shiba Inu is growing and many of our users have asked to list this coin. In order to meet this need, as a responsible exchange we have set up insurance structures to protect our investors. “

Interestingly, the announcement comes with the new riskometer function. This feature alerts investors to the risks associated with volatile assets.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.