Coinbase Dominates Shiba Inu Burn Rate with Over 143 Million Tokens

Coinbase has emerged as one of the largest contributors to Shiba Inu (SHIB) burns in the last 30 days, according to Shibburn page data. A total of 418.66 million SHIB were burned over this period, with Coinbase accounting for nearly a third of that total at 143,956,168 SHIB tokens burned.

These burn transactions did not come in one lump sum but rather from various transactions and trading fees. The Shiba Inu community pays close attention to burns, especially from major platforms, as they gradually reduce the token's circulating supply.