Shiba Inu (SHIB) was also affected by the fluctuations in the crypto markets in the last 24 hours. The popular meme coin fell nearly 6.4% at one point yesterday, CryptoPotato reported. Like other altcoins, SHIB is currently recovering and trading up 3% from yesterday's price. 📈

According to CoinMarketCap data, SHIB's last 24-hour trading volume is up 140% at the time of writing. 🔥 On the other hand, the burn rate remained in the negative zone. According to Shibburn, it has decreased by 0.49% in the last day. Only 10 million SHIBs were destroyed.

The overall meme coin industry has recovered following yesterday's turbulence. According to CoinGecko, the category is up 4.8% in the last 24 hours. Notable winners include WIF, up 18.4%, BONK, up 15%, and FLOKI, up 12%. By this measure, SHIB also lags behind.