$SHIB

Shiba Inu (SHIB), billed as a rival to Dogecoin, sparked widespread optimism among investors in the cryptocurrency market on Friday, posting a staggering increase in its burn rate. Specifically, SHIB’s burning mechanism recorded a surge of up to 33,000% that day. This significant change greatly boosted market sentiment and pushed the price of SHIB to soar by more than 20% in the past 24 hours. At the same time, this bullish wave has also spread to the entire memecoin field, with the prices of coins such as Dogecoin (DOGE), Pepecoin (PEPE), and dogwifhat (WIF) all rising simultaneously.

According to data released by Shibburn tracker on September 27, SHIB’s destruction rate has achieved an impressive 33,818% surge. This huge increase is mainly due to the successful destruction of more than 1.88 trillion SHIB tokens in the past 24 hours. currency. Such a large-scale supply reduction obviously injects strong bullish expectations into the market, further boosting the market performance of this popular dog-themed meme token.