Coinbase has emerged as the second-largest SHIB burner over the past 30 days, sending over 152 million tokens to dead wallets. These burns are attributed to various transactions and trading fees rather than a deliberate token-burning campaign. The daily burn rate surged by 100%, with 61.46 million SHIB sent to dead wallets in a 24-hour period. Meanwhile, the SHIB price fell by 2.36% to $0.000005015, amid a broader crypto market selloff.
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