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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