The CEO of This SHIB Burner Reveals How Much the SHIB Community Plans to Destroy Roughly to Drive Up Prices
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- 10 percent need to burn before joining SHIB devs
- 34.8 million burned in 24+ hours
Steven Cooper, Boss of Bigger Entertainment, hosts regular SHIB burning parties moved to twitter To announce the goal that the SHIB community has set to achieve in terms of the SHIB amount that needs to be kindled.
10 percent need to burn before joining SHIB devs
He wrote that this needed to be clarified before the announcement of the next Bern party. The tweet states that the SHIB Army Burn effort aims to reduce the supply of meme tokens by 10 percent.
After that, he hopes, the SHIB developer team will join him and eventually destroy twenty percent or so.
Before we announce the next burn party, I want to make it clear… this isn’t for pumping, it’s for depleting supplies. #shibo The price may not change at all. Our focus as a community is simultaneously reducing 10% of the supply and hopefully the dev team will follow suit by focusing on 20% or more. #shibarmi
— steven cooper (@iamstevencooper) 1 March 2022
Two burn parties were recently live on YouTube by Bigger Entertainment on 26 December and 14 February.
34.8 million burned in 24+ hours
As reported by @shibburn, the Shiba Inu army has managed to burn a total of 34,853,687 canine tokens in the past 24 hours.