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In addition, 1.5 million SHIBs will also be withdrawn from circulation.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.
Together we’ll burn $ 100,000 #shib while building the ultimate crypto music game at the same time. We know this campaign is not for everyone, but for the community that trusts and advises what we are building, this is for you! Learn more at https://t.co/X4gsvL0ww4
– Steven Cooper (@iamstevencooper) December 30, 2021
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.
Special announcement:$ BONES is confirmed as a token that is used as a gas inlet #Shibarium.#ShibArmy #ShibAMA
– Shib (@Shibtoken) December 30, 2021
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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