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October 17, 2025NewsBTC logoNewsBTC

Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account

A Coinbase-linked wallet sent 140,033,123 Shiba Inu tokens to a burn address on October 15, removing those coins from circulation in a single on-chain ￰1￱ to records published by community burn tracker Shibburn, the wallet that carried out the transfer was newly created and had only that one visible SHIB ￰2￱ Reading: Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover? Etherscan data shows the address was funded by a wallet tied to Coinbase, and it currently holds 0.002 ETH, worth roughly $9. Largest Single Burn In Months The 140 million SHIB moved on Wednesday stands out as the largest one-off burn in nearly three ￰3￱ show the last big single send happened on July 28, when an anonymous actor destroyed 600 million ￰4￱ that July event, most individual burns stayed below 100 million until this Coinbase-linked transfer. 🔥🔥 140,033,123 $SHIB -> transferred to dead wallet. ￰0￱ — Shibburn (@shibburn) October 15, 2025 Daily Burn Rate Jumps Based on reports from Shibburn, nine transactions that day totaled about 140 million SHIB destroyed, pushing the daily burn figure up by 222%.

The tracker’s data also records a cumulative 410 trillion SHIB that have been sent to dead addresses over ￰5￱ co-founder Vitalik Buterin’s past transfers of around 410 trillion SHIB to a burn contract remain the largest single move toward deflation on ￰6￱ Still Vast Shiba Inu’s total supply remains enormous at roughly 589 trillion ￰7￱ scale means even large-sounding burns have only a tiny impact on the overall available ￰8￱ watchers point out that unless burn activity becomes sustained and much larger in scale, the supply math will not shift ￰9￱ Details And Transparency Etherscan shows the burner address executed only that one outgoing SHIB transfer and nothing ￰10￱ funding trace to a Coinbase-associated wallet suggests a user on the exchange initiated the action, but the identity behind the address has not been ￰11￱ post-burn balance for SHIB is zero, and the tiny ETH holding left behind makes the move appear deliberate and ￰12￱ Action And Technical Levels Even after the large token send to the burn address, SHIB barely moved — it was trading around $0.00001049 when the burn happened, and it slipped only 0.15% over the prior 24 ￰13￱ bigger picture hasn’t changed: roughly 589 trillion SHIB remain in circulation, so even headline-grabbing burns make only a tiny ￰14￱ latest action is part of a string of deflation efforts, including Shibarium Layer-2 burns handled through Bone ShibaSwap, which together have removed billions of SHIB from ￰15￱ Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Market Impact Remains Limited This event looks significant in headline terms but small when compared with the huge SHIB ￰16￱ transfer adds to an ongoing narrative of community-led burns that keep holders engaged, yet it is unlikely to change the market trend on its ￰17￱ and observers will watch whether similar, larger burns follow, or if this remains a one-off action tied to a single Coinbase-funded ￰18￱ image from Unsplash, chart from TradingView

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