Coinbase-Tagged Address Accounts for 20% of Shiba Inu Burns in 30 Days

A Coinbase-tagged wallet was credited with 152,307,330 Shiba Inu (SHIB) in a rolling 30-day burn reading checked Oct. 17, a total equal to about one-fifth of all SHIB recorded as burned during that window.

The address ranked second and was associated with nine transactions. The reading was checked at 12:51 p.m. ET (16:51 UTC), when the 30-day total was 758,923,872 SHIB.

The wallet's tally represented about 20.1% of that total. Against a circulating supply of 585,486,338,669,046 SHIB, the address's amount was about 0.000026%.

The Coinbase label appears on an address record. The label alone does not show whether Coinbase controlled the wallet or ordered the transfers, so the figure describes activity associated with a tagged address rather than a confirmed Coinbase action.

SHIB is an ERC-20 token on Ethereum. The 0x…dEaD address is commonly used to burn tokens and reduce supply. This reading covers activity over a rolling 30-day period.