š„š„š„ Important #Shibalnu ($SHIB ) Metric Skyrockets Amid Market Volatility
Shiba Inu (SHIB) experienced significant market volatility in the past 24 hours. As reported by CryptoPotato, the popular meme coin dropped by approximately 6.4% at one point yesterday. However, SHIB has since begun to recover and is now trading with a 3% gain compared to its price yesterday.
Data from CoinMarketCap indicates that SHIB's trading volume surged by an impressive 140% over the past 24 hours. Despite this increase in trading activity, the burn rate remains negative. According to Shibburn, the burn rate declined by 0.49% over the past day, with only 10 million SHIB being destroyed.
The overall meme coin sector has also rebounded following yesterday's market turbulence. CoinGecko data shows the category is up 4.8% in the past 24 hours. Notable gainers include WIF, which is up 18.4%, $BONK , up 15%, and $FLOKI , up 12%. By comparison, SHIB's performance lags behind these peers.
Source - cryptopotato.com
