The Bigger Entertainment team said that the amount of 239,600,144 SHIB was transferred to avoid address and permanently withdrawn from circulation during the burn party, which was broadcast live on their YouTube channel on Sunday.

<strong>Over 800 million SHIBs burned since mid-autumn</strong>

According to the company's founder, Steven Cooper's Twitter account, the corporation began burning Shiba Inu meme crypto coins in October of this year. Bigger Entertainment makes money by selling NFTs, merchandise, and crypto event tickets, allowing the SHIB Army to contribute the amount of SHIB that will be destroyed. Users can also listen to music files on the project's website, assisting in the burning of the second largest cryptocurrency meme.

The year's final burn party took held on December 26. 239,600,144 <a href="https://www.cryptoknowmics.com/news/shiba-inu-becomes-the-most-viewed-cryptocurrency-this-year-on-coinmarketcap/">SHIB</a> tokens were destroyed or sent to a "dead" address, according to the tweet and YouTube video feed. These coins cannot be retrieved or spent from this address. In fiat currency, this is equal to $9,183.

https://twitter.com/biggerent/status/1475199345549008899?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1475199345549008899%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcryptosnewss.com%2F240-million-shib-destroyed-at-christmas-880-9-million-burned-since-mid-fall%2F

Cooper had hoped to burn a billion pennies at first, and in subsequent tweets, he invited the SHIB community to help by paying $5 apiece. His passion, however, was not shared, and only approximately a sixth of the body was incinerated.

Cooper has burned a total of 880,983,100 <a href="https://www.cryptoknowmics.com/news/shiba-inu-to-embark-trade-on-europes-prodigious-crypto-exchange-next-year/">SHIB</a> tokens since October. This works out to $33,741.60.

<strong>370.4 million SHIBs burned in the last day</strong>

Various entities have sent a total of 370.4 million Shiba Inu coins in the last day and ten hours, according to data given by etherscan.

The largest transaction was 9,110,280 SHIB, with many million-coin pieces and fewer than one million tokens found.

According to a news source, 706 million Shiba Inu were delivered to a null address on December 21 and 22, providing SHIB a minor boost.

Steven Cooper previously stated that the SHIB burn rate will double in the next 60 days because the project has only recently begun investigating new ways to burn these meme tokens.

240 Million SHIB Destroyed at Christmas, 880.9 Million Burned Since Mid-Fall

On December 26, the last burn party of the year took place.

Prabhjeet Bhatla is a cryptocurrency writer covering startups and a researcher since 2020. She has authored many articles for Entrepreneur India and APAC (digital and print) on cryptocurrency and ever-evolving Blockchain, the technology behind Bitcoin, and other cryptocurrencies. She specializes in applied cryptography, privacy-enhanced information storage systems, anonymous cryptocurrencies, elliptic curve crypto-systems, and satellite television piracy.

240 Million SHIB Destroyed at Christmas, 880.9 Million Burned Since Mid-Fall

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