Coinbase Burns 143M SHIB in 30 Days
Shiba Inu (SHIB)
Editor:
Eugene Serbin
According to bitcoinethereumnews.com, Coinbase has emerged as the largest contributor to Shiba Inu (SHIB) burns over the last 30 days, sending 143,956,168 SHIB to dead wallets. A total of 418.66 million SHIB were burned in that period, with Coinbase accounting for nearly one-third of the total. The data is sourced from the Shibburn page, which tracks these on-chain movements.
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.
Whalio's Binance spot data shows SHIB trading at $0.000005760 with a 1-hour buy ratio of 62.4%, indicating strong short-term buying pressure compared to the 51.3% 4-hour ratio. The 24-hour buy ratio sits at 50.9%, suggesting that while buying is dominant in the immediate term, it has cooled slightly over the full day. Volume deltas are positive across all timeframes, with the 1-hour delta at +$30,976 and the 24-hour CVD at +$307,125, confirming that buyers are actively absorbing sell-side liquidity. This net buying flow has persisted for 14 of the last 24 hours, driving a 24-hour spot volume of $4,724,454.
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 7-day average buy ratio was 49.8%, meaning today's 24-hour ratio of 50.9% is slightly above the weekly norm by 1.1 points. However, trading activity remains subdued, with 24-hour volume at just 0.62x the weekly average. The coin has seen a price change of -5.7% over the last 8 days, with only 3 of the past 7 days showing net buying. This contrasts with today's more balanced flow, where the 8-day volume delta of +$196,432 indicates a gradual accumulation despite the broader downtrend.