Coinbase Emerges as Top SHIB Burner With 152 Million Tokens Sent to Dead Wallets
- —Coinbase burned 152.3 million SHIB in nine transactions over 30 days
- —Total monthly burns hit 758.92 million SHIB, up 79.3%
- —Daily burns reached 61.46 million SHIB, doubling the prior rate
- —SHIB fell 2.36% to $0.000005015 amid a broader market selloff
Why it matters: Burns reduce SHIB's circulating supply, but the volumes remain small relative to total issuance and are unlikely to move the price near term.
Source: U.Today