Coinbase Burns 144M SHIB, Leading 30-Day Deflation
Shiba Inu (SHIB)
Editor:
Eugene Serbin
Coinbase has become the largest burner of Shiba Inu tokens over the last 30 days, according to crypto-economy.com. The exchange destroyed 143,956,168 SHIB by sending them to inaccessible dead wallets. This volume accounts for nearly one-third of the total 418.66 million SHIB removed from circulation in that period.
The burns stem from transactions and trading fees on the platform. Every token sent to these wallets with no known private key is permanently removed from the circulating supply. In the last 24 hours, 68.29 million SHIB were burned, with Coinbase responsible for 47,419,390 of that amount.
The daily burn rate rose 154.33% according to Shibburn. Over the past seven days, the total burned reached 86.75 million. However, the weekly burn rate fell 22.29% compared to the previous week. All transactions are recorded on the blockchain for verification.
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 data shows SHIB trading at $0.000005760 with a 24-hour buy ratio of 50.9%. Short-term activity shows a 1-hour buy ratio of 52.7% and a 4-hour ratio of 50.2%, indicating slightly stronger buying pressure in the immediate term. Volume deltas reflect this sentiment, with +$8,419 in the last hour and +$3,678 over four hours. Over 24 hours, the volume delta reached +$85,084, with a cumulative volume delta (CVD) of +$248,008. The buy ratio measures the proportion of buy volume to total volume, while the volume delta tracks the net value of buys minus sells. Net buying occurred for 14 of the last 24 hours.
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 the current 24-hour ratio of 50.9% an increase of 1.1 points. Spot volume for the last day was $4,724,454, which is 0.62 times the weekly average. This suggests trading activity is currently below the typical weekly norm. Net buying days totaled 3 of the last 7, compared to the 14 net buying hours recorded in the last 24 hours. The price changed -5.7% over the 8-day period, with a total volume delta of +$196,432.