Coinbase Dominates Shiba Inu Burns With 143 Million Tokens

According to data from Shibburn, Coinbase has emerged as the largest contributor to Shiba Inu (SHIB) burns in the last 30 days. The exchange sent a total of 143,956,168 SHIB tokens to dead wallets, accounting for nearly one-third of the 418.66 million SHIB burned during this period.

SHIB burns permanently remove tokens from circulation by sending them to inaccessible addresses. These burn transactions are recorded on-chain and reported by community trackers such as Shibburn.

The Shiba Inu community pays close attention to burns, especially from major platforms, as they gradually reduce the token's circulating supply. In the last 24 hours, 68.29 million SHIB were burned, with Coinbase contributing 47,419,390 SHIB to that total.