According to recent data provided by Etherscan, around 23 million Shiba Inu have been destroyed in the last 24 hours.
According to recent data shared by the @shibburn Twitter account, over 10 million SHIB tokens have been burned in the past hour. This resulted in the burning of around 23 million coins in the last 24 hours.
So far 41.03006% of the total canine coin supply has been lost.
23 million SHIB burned
Twitter user @shibburn, who posted the Etherscan link related to Shiba Inu token burn, posted a tweet that in the past hour, a total of 12,231,491 SHIB have been burned to a null wallet in eight transfers. Thus, in total, 410,300,588,013,001 of these meme tokens have been burned. This is 41.03006% of SHIB’s total 1 quadrillion supply. Almost all were burned by Vitalik Buterin after being presented with half of the quadrillion.
He burned about 40% of his half of SHIB’s supply, which was given to him by the SHIB founder. He donated the rest to an Indian charity, to help fight the aftermath of the pandemic currently sweeping the world, with new forms constantly emerging.
There have been a total of 12,231,491 in the last 24 hours $SHIB Token burn and 8 transactions. So far total 410,300,588,013,001 #shib Tokens (41.03006%) have burned out from the initial supply of 1 quadrillion. #shibarmi
— shibburn (@shibburn) 5 January 2022
The second tweet posted by this user states that 10,716,185 SHIBs have been burnt in a single transaction in the last few hours.
A total of 10,716,185 in the last one hour. have been $SHIB Token burn and 1 transaction. #shibarmi
— shibburn (@shibburn) 5 January 2022
50 million SHIB burned in the last four days
Etherscan also shows that over the past four days, over 49.6 million SHIB tokens have been permanently out of circulation, with the largest single transaction being 11,851,851; 10,716,185 and 7,335,349 Shiba Inu tokens.
Here’s How Music Artists Help Shiba Inu Burns
The Bigger Entertainment project which sells music-related merch and NFTs for crypto and allows consumers to listen to music playlists on its website, organizes regular Shiba Inu burns. On 26 December, he sent 239,600,144 SHIB to a wallet, making it unspent. In total, since the end of October 2021, the project team has destroyed a total of 884,983,100 coins.
Service owner Steven Cooper explains how the SHIB gathering mechanism works for these barn parties.
To contribute to it, users only need to listen to music on the project’s website. All actors collaborating with Bigger Entertainment allow the team to spend a portion of their royalties on buying SHIB, which will then be burned.
You just listen to our label’s music. 🙂 The artists we work with donate a portion of their royalties to us to buy shibs and then burn them.
— steven cooper (@iamstevencooper) 4 January 2022