On Friday, the cryptocurrency market was boiling over the amazing performance of Shiba Inu (SHIB), and investors were immersed in jubilation. What is particularly striking is that the destruction rate of SHIB has soared by a staggering 33,000%. This unprecedented feat directly triggered the SHIB price to soar by more than 20% in 24 hours, showing its unparalleled market explosiveness.
The strong execution of the destruction mechanism digested an astonishing 1.88 trillion SHIB in one day, and the destruction rate soared by 33,818%. This move greatly reduced the total circulation of SHIB, thereby stimulating the market's strong bullish expectations for its future value. In particular, the huge destruction operation of a mysterious address, which transferred and destroyed 1.87 billion SHIB at one time, has undoubtedly become a key factor in driving the surge in SHIB.
As the destruction operation deepened, the price of SHIB was unstoppable, soaring to $0.00001932 within 24 hours, an increase of more than 20%. At the same time, the trading volume also ushered in a blowout growth, soaring 223% to more than $1.4 billion, showing investors' strong interest and pursuit of SHIB.
This rising wave is not only limited to SHIB itself, but also drives the activity of the entire meme coin sector. Dogecoin (DOGE) rose by 11%, followed by Pepecoin (PEPE), with an increase of 18%, and other meme coins such as dogwifhat (WIF) also showed a gratifying rise. However, in this feast, SHIB is undoubtedly the most dazzling star. Known as the "Dogecoin Killer", it is leading the market craze with an unstoppable momentum.
