Coinbase Burns 143.95M SHIB Tokens
Shiba Inu (SHIB)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Coinbase has emerged as the leading contributor to Shiba Inu burns over the past 30 days. The exchange significantly impacted the overall supply reduction by removing 143.95 million tokens. This development was highlighted by Shibburn, a community-driven platform tracking these burns.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 30 September 2026. Not the outlet's figures.
SHIB is trading at $0.000005760 with a 1-hour buy ratio of 55.4% and a 4-hour buy ratio of 55.4%. These short-term figures are higher than the 24-hour buy ratio of 50.9%, indicating that buying pressure is building in the immediate term. The volume delta shows positive inflows of $68,440 over the last hour and $86,313 over the last four hours, suggesting net buying activity is outweighing selling. This positive volume delta confirms that buyers are currently dominating the spot market flow.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.8%, making today's 24-hour ratio of 50.9% slightly above average by 1.1 points. However, the spot volume of $4,724,454 is only 0.62x the weekly average, indicating lower participation than usual. While the coin saw net buying on 3 of the last 7 days, the price has dropped 5.7% over the 8-day period. This suggests that despite the slight uptick in buying ratio, the overall market activity remains subdued compared to typical weekly levels.