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Over 211 million SHIB will be burned after Christmas day; whale adds 53 billion tokens

Not long ago, as AZCoin News reported, Bigger Entertainment founder Steven Cooper announced that his team plans to destroy 211,666,467 Shiba Inu (SHIB) on December 26. This amount has been steadily increasing. from the beginning of December.

211.7 million Shiba Inu (SHIB) to be burned on Dec. 26 so far

On December 13, SHIB recorded a total of 131,236,842 coins. It has increased slightly more than 1.5 times since then. Cooper also tweeted, suggesting that if 7,500 SHIB holders paid $5 each for a ticket to the burning party, the group would be able to burn a billion tokens. Looks like that didn’t happen, so now the number of tokens that will be burned on Sunday is close to 212 million SHIB.

This number is just 800 million short of the original one billion goals. The Burn Party will be live on YouTube on December 26 at 2 pm. Cooper also summarizes that after the SHIB kept in the burning pot is sent to a dead address, that will have an additional 868,049,623 burned by the Bigger Entertainment team as of October of this year.

In the past 48 hours, according to etherscan, nearly 720 million Shiba Inu coins have been sent to the empty address 0xdead00000000000000000042069420694206942069 from various accounts. In the past 20 hours, 13.1 million tokens have been destroyed.

The price of SHIB started to increase after 706 million SHIB was burned that day. SHIB skeptics believe that given SHIB’s incredible total supply, these mini-burns of the coin will hardly have an impact on the price.

Elsewhere, according to WhaleStats, an Ethereum whale has added 53 billion SHIB, or $2,008,890, to its holdings. The average SHIB balance held by large Shiba Inu holders increased by 8%.

Whale accumulation also seems to have played a major part in Shiba Inu’s rise from lows of $0.00002820 since Dec. 20, with SHIB holding onto the top spot as the largest token position by value. dollar value.

The top 100 Shiba Inu holders also increased their portfolios as WhaleStats reported an 8% increase in the average SHIB balance of this type of investor. SHIB’s net flows also spiked 629%, indicating that the indexes are doing well. The growing number of users may not immediately affect the coin or token’s market price, but from a fundamental growth standpoint, multiple holders are a key determinant of the future of the coin.

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