SHIB Burn Rate Surges 388% as 3 Trillion SHIB Moves from Coinbase Institutional
The post SHIB Burn Rate Surges 388% as 3 Trillion SHIB Moves from Coinbase Institutional appeared on BitcoinEthereumNews.com.
The Shiba Inu (SHIB) burn rate has surged by 388% recently, with over 102 million SHIB tokens burned. However, daily burns have decreased by nearly 59%, indicating fluctuations in the community’s burning activity. SHIB burns increased by 388% over the past week. 3 trillion SHIB tokens were moved from Coinbase Institutional to an unknown wallet. Recent data shows a significant drop in daily burn rates, down by 58.88%. Discover the latest trends in Shiba Inu token burns and significant movements in the crypto market. Stay informed and engaged with the evolving landscape of cryptocurrencies. What is the recent trend in SHIB burns? The Shiba Inu (SHIB) burn rate has recently skyrocketed, with the community successfully burning over 102 million SHIB tokens in just one week. This surge represents a 388% increase, showcasing the community’s commitment to reducing the circulating supply of SHIB. How significant is the recent SHIB transfer from Coinbase Institutional? Recently, Whale Alert reported a massive transfer of 3 trillion SHIB tokens from Coinbase Institutional to an unknown wallet. This transaction, valued at approximately $38.2 million, has sparked discussions about potential strategic moves by institutional investors or internal wallet management by Coinbase. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); The spike in SHIB burns is attributed to community efforts to reduce the circulating supply, with a notable increase in the number of tokens sent to unspendable…
Filed under: News - @ August 16, 2025 7:26 am