Shiba Inu, often referred to as the Dogecoin killer, sparked considerable enthusiasm in the broader cryptocurrency market on Friday, with a remarkable 33,000% surge in its burn rate.
This incredible increase in the SHIB burn mechanism translated into a more than 20% spike in SHIB price within just 24 hours.
The impact of this event reverberated through the meme coin sector, creating a frenzy among investors and rendering the SHIB coin a significant topic of interest.
