🚀🚀Buckle up, Bitcoin enthusiasts! Shiba Inu (SHIB), the second-largest meme coin by market cap, is making waves! 🌊🌊 Its transaction volume has skyrocketed by a whopping 2,300%, reaching $223 million in daily volume for transactions exceeding $100,000. 📈💰
This surge coincides with a price rally for SHIB, which has seen a 7% increase in the past 24 hours. 🎉🎉 Other meme coins have also experienced significant gains, including PEPE (23%), POPCAT (27%), TRUMP (22%), FLOKI (12%), and more. 🚀🚀
What's fueling this resurgence? 🔥🔥 The SHIB team has burned over 200 million tokens in the past week, reducing the circulating supply and potentially making the coin more valuable over time. 💸💸 Plus, the layer-2 scaling solution Shibarium has undergone two major upgrades, improving user experience and compatibility with popular wallets. 🛠️🛠️
And let's not forget adoption! 🤝🤝 CoinGate, a blockchain payment processor, has embraced SHIB as a payment method, further enhancing its exposure in the crypto market. 🌐🌐 So, while we remain neutral on the market, it's hard not to be optimistic about Bitcoin's playful cousin, SHIB! 🎉🎉🚀🚀