Coinbase-Linked Wallet Drives Shiba Inu Burn Rate Surge of 1,869% in 24 Hours

In a remarkable development within the cryptocurrency market, Shiba Inu''s token burn rate experienced an unprecedented surge of 1,869% within just 24 hours. According to data tracked by Shibburn.com, a staggering 4.58 million SHIB tokens were permanently removed from circulation during this period. The dramatic increase was primarily fueled by two large transactions originating from a wallet linked to Coinbase, one of the leading cryptocurrency exchanges. These transactions alone accounted for 4.47 million of the burned SHIB tokens. While the percentage increase is eye-catching, it''s important to note that the total amount burned represents only a tiny fraction of SHIB''s massive circulating supply of 589 trillion tokens. This event occurs amidst a period of relative price stabilization for the meme-inspired cryptocurrency, potentially signaling renewed interest or strategic movements by large holders. The involvement of a Coinbase-associated wallet adds an interesting dimension to the story, as exchange-linked activities often carry significant weight in crypto markets. As of June 13, 2025, market observers are closely watching whether this burn rate spike will have any lasting impact on SHIB''s valuation or if it represents a temporary anomaly in the token''s economic dynamics.

Shiba Inu Burn Rate Surges 1,869% in 24 Hours Amid Price Stabilization

Shiba Inu''s token burn rate skyrocketed by 1,869% within a single day, with 4.58 million SHIB tokens permanently removed from circulation. The spike, tracked by Shibburn.com, was driven by two large transactions originating from a Coinbase-linked wallet, collectively accounting for 4.47 million SHIB.

Despite the dramatic percentage increase, the burned tokens represent a negligible fraction of SHIB''s 589 trillion total supply. The burn activity coincides with SHIB''s attempt to consolidate above $0.000013, highlighting the ongoing tension between speculative mechanics and fundamental tokenomics in meme coin markets.

Shopify to Roll Out USDC Payments via Coinbase''s Base Network

Shopify is launching early access to USDC payments using the Base version of the stablecoin, with plans for a broader rollout by year-end. The e-commerce giant will process transactions on Coinbase''s Layer 2 chain, marking a significant step toward crypto integration for merchants.

The collaboration between Shopify and Coinbase leverages the Commerce Payments Protocol, a new standard for trust-minimized crypto commerce. Justin Gainsley of Coinbase noted that USDC—once considered a distant solution—could soon reach millions of Shopify merchants through Shopify Payments and Shop Pay.

Base''s USDC implementation will rely heavily on Coinbase for liquidity and conversions. This MOVE signals growing institutional confidence in stablecoins as payment rails, with Base''s scalability addressing traditional blockchain limitations.