The companies that began to destroy the Shiba Inu supply last year, in October 2021, destroyed an additional 103.2 million Shib in a single transfer.
Bigger Entertainment Burn 103 million SHIB in a Single Transfer
A single transaction sent 103,270,223 SHIB to the deceased Shiba Inu wallet in the last nine hours, permanently removing these tokens from the current circulating supply.
When the @shibburn Twitter page reported that a total of 103.2 million Shiba Inu had been destroyed in a single transfer, Steven Cooper, the owner of Bigger Entertainment, clarified that his staff was the ones who had burned the SHIB coins.
Bigger Entertainment is a cryptocurrency record company that asks musicians to give 20% of their royalties to the purchase of SHIB, which will be destroyed afterward.
The company also sells NFTs, merchandise, and concert tickets. A portion of the proceeds from all of this goes toward obtaining SHIB in order to destroy them.
This was us at https://t.co/qAZCxRSOss
Learn how our company is contributing to the #shib burns using music playlists, merch, nfts, games, burn parties, and more.— Steven Cooper (@iamstevencooper) January 8, 2022
This company began its SHIB burn campaign in October 2021, and since then, they have burned about one billion SHIB, in addition to the 103.2 million previously indicated.
According to the data supplied by etherscan, about 150 million SHIB have been destroyed in the last five days. By now, 410.3 trillion meme coins have been burnt, accounting for 41.03007 percent of the total SHIB supply, which was originally one quadrillion.
SHIB has been pledged to be burned by a number of other firms
A few other firms have joined the SHIB burn campaign as well. Shiba Coffee Company is one of them. This coffee-shipping company contributes to the SHIB ecosystem by purchasing SHIB with 100% of its income and burning 10% of the SHIB it purchases.
Vibe Maquillage, a cosmetics company, loses 15% of its earnings in SHIB Madness from sales.
Other companies include Markilen, Precious Paws, Cryptoon Network, Shiba Search, and more.