211.7 million Shiba Inu (SHIB) are set to be burned on December 26th

Steven Cooper has announced that his team will destroy 211,666,467 Shiba Inu on December 26th.

Steven Cooper, founder and owner of Bigger Entertainment, announced on Twitter that his team plans to destroy 211,666,467 Shiba Inu meme coins on December 26th. This amount has gradually increased since the beginning of December.

On December 13th, the SHIB burn pot amounted to 131,236,842 coins. Since then it has grown a little more than 1.5 times. Cooper also tweeted that the team would be able to burn a whole billion SHIB coins if 7,500 SHIB holders paid $ 5 each for a ticket to the Burn party. That apparently didn't happen, so the amount of tokens that will be destroyed on Sunday is currently 212 million SHIB.

In the past 48 hours, almost 720 million Shiba Inu coins have been sent from various accounts to an empty address, according to Etherscan. 13.1 million tokens were destroyed in the last 20 hours.

The price of SHIB began to rise after 706 million SHIB were burned that day. SHIB skeptics are of the opinion that given the incredible overall range of SHIBs, these mini-burns of the coin will have little effect on the price.

Bitcoin has since passed the $ 51,000 mark again in December, the highest price in almost a month. It does so at a time when Bitcoin is closing the year at $ 18,000 below its all-time high in November 2021.

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