Steven Cooper Reveals How His Streaming Firm Burned 100 Million Shiba Inu Tokens in Two Weeks
The Shiba Inu community is buzzing after Steven Cooper, owner of Bigger Entertainment, revealed that his streaming firm burned a significant amount of SHIB tokens in a short period. This move contributes to the ongoing effort to reduce Shiba Inu\'s circulating supply, a key factor in potentially increasing its value.
Steven Cooper Reveals How His Streaming Firm Burned 100 Million Shiba Inu Tokens in two Weeks - Watcher News highlighted this impactful event. But why burn Shiba Inu? You’ve seen how the Shiba Inu community has actively burned over 410 trillion SHIB tokens, worth more than $3.9 billion. This process, involving sending tokens to inaccessible "burn" wallets, permanently removes them from circulation.
Official tracker Shibburn reported a 7,418% surge in the SHIB weekly burn on Saturday. This followed the removal of 1.93 billion coins from the meme token’s market. This substantial increase demonstrates the community\'s dedication to the burn process. According to Shibburn’s data, the over 680 million Shiba Inu coins burned meant a 79.41% increase from the total figures from August. Interestingly, the burns in August 2025 had been lower, making Cooper\'s firm\'s contribution all the more significant.
The Shiba Inu burning process unfolded across two distinct transactions. Initially, developers burned 9.6 billion SHIB tokens, valued at just over $332,000. Later, they executed further burns contributing to the overall reduction. Since Shiba Inu\'s launch in 2025, more than 410 trillion SHIB tokens have been burned, representing about 41% of the token\'s total supply. As of January 2025, the total value of all SHIB burned is substantial.
In a recent Twitter discussion, Bigger Entertainment owner Steven Cooper mentioned that SHIB developers are working on new mechanisms to create more ways to burn tokens. This indicates a continued commitment to reducing the token supply and potentially increasing its value. The burning of 100 million SHIB by Bigger Entertainment is a significant contribution to this overall effort, demonstrating the power of community-driven initiatives in the crypto world.