Commercial
Shibburn recently tweeted that in the last 24 hours, over a billion Shiba Inu were transferred to “Inferno” wallets, putting them out of circulation as the burn helps adopt the meme currency globally.
Shibburn reports that since last morning, 1,021,292,580 Shiba Inu worth $24,296 have been burned through 41 transactions.
244.5 million Sheba waiting to be burned in mid-April
SHIB Superstore, a company that sells smartphone games and Sheba-branded merchandise, and whose team holds regular Sheba burns in the middle of each month, announced that they have so far managed to raise $5,808 to purchase Sheba, where this amount will be can be purchased at approximately 244,547,368 Sheba, to be cremated on April 15, according to the company’s website.
In the last 24 hours there has been a total of 1,021,292,580 $SHIB burned tokens and 41 transactions. Visit https://t.co/t0eRMnyZel to see the grand total of #SHIB burnt tokens, circulating supply and more. #shibarmy
— Shibburn (@shibburn) March 22, 2022
Stephen Cooper is back and making a new commitment:
Stephen Cooper, owner of Bigger Entertainment, tweeted apologizing to his followers for his absence, stating that his company is making a new commitment to not only help remove the Shiba Inu from circulation, but also help with global adoption.
TY to the #shibarmy for all. Sorry for being back and forth sometimes. This shit hasn’t been easy but it’s worth it. i will do better 🙂 @biggerent is making a new commitment not only to help with burns, but also to provide help around the world #shib adoption and use.
—Steven Cooper (@iamstevencooper) March 22, 2022
The company, Entertainment, is reported to burn large amounts of Sheba on a regular basis, but not on a monthly basis.
The company started burning Sheba, at the end of October last year, and since then, it has burned more than one billion Sheba, with the last burning ceremony held on February 14 and before that on December 26.
The company uses a portion of its revenue from the sale of Chiba products, NFTs, event tickets, games, YouTube, etc., to buy and then burn Chiba.