Despite recent volatility in the crypto markets, meme coin Shiba Inu (SHIB) is showing signs of recovery. After a 6.4% drop, SHIB is now trading at a 3% gain compared to yesterday's price. Notably, SHIB's trading volume has surged dramatically, with a 140% increase in the past 24 hours, according to CoinMarketCap data.

However, the coin's burn rate remains in the negative, declining by 0.49% over the past day, with only 10 million SHIB destroyed. Despite this, the overall meme coin sector is on the rise, up 4.8% in the past 24 hours, as per CoinGecko data.

While SHIB's performance is encouraging, it still lags behind other notable winners such as WIF, BONK, and FLOKI, which have seen gains of 18.4%, 15%, and 12% respectively. This article is not related to DeFi, BRC 20.