đ„đ„Meme Coin Burns Are Officially Unstoppable: Rate Soared by 33000%, Here's the Price's Reaction! đ„đ„
Popular meme coin Shiba Inu experienced a major increase in its burn rate. A 33,000% increase on Friday increased optimism in the markets. With the increase in the burn rate, a 20% increase in the SHIB price was observed, which attracted the attention of investors.
At the same time, Dogecoin$DOGE
(DOGE), Pepe coin (PEPE) and dogwifhat (WIF) prices also increased, and the meme coin market gained momentum in general. According to data released by Shibburn on September 27, the SHIB burn rate increased by 33,818%; This was achieved with 1.88 trillion coins burned in the last 24 hours. At the time of writing, the total supply has reached 589.26 trillion SHIB, which has led to a remarkable rise for the meme coin.
The price of SHIB has increased by approximately 21% in the last 24 hours to $0.00001932. The coinâs 24-hour low and high were $0.0000163 and $0.00001935, respectively. Interestingly, intraday volume increased by 223% to $1,405,505,862. The meme coinâs price increase also seems to be in line with the broader market trend; PEPE$PEPE
It rose by 18% to $0.00001022, while Dogecoin rose by 11% to $0.1233. Shiba Inu led the market gains throughout the day.
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