Shiba Inu burn rate will double in the next 60 days

A major Twitter account recently tweeted that it expects the Shiba Inu burn rate to double in the next two months.

7 million SHIB has already been burned

Steven Cooper is the owner of Bigger Entertainment, the first crypto record label. The label accepts SHIB for music, merch, event tickets and NFTs and then burns these coins. Cooper tweeted that his team expects to double their SHIB burn rate in the next 60 days.

Shiba Inu tokens are burned (destroyed) during so-called ‘burn parties’ and the next one will take place on December 26. Cooper added that his team is looking for new ways to burn SHIB, saying this is “just the beginning”.