Shiba Inu, an eminent meme coin, marked a tempest of strides today as its price noted a jump following a surge in burn rate.
STORY HIGHLIGHTS
Shiba Inu's burn noted a jump of 70% today.
The meme coin's community revealed another significant announcement for the token's ecosystem.
The Shiba Inu token noted an upward movement in the market today.
Shiba Inu, a cryptocurrency positioned as the self-proclaimed Dogecoin killer, curated a tidal wave of speculations across the broader crypto market today as it recorded a substantial upswing in its burn rate. According to the data unveiled by the burn tracker Shibburn, the Shiba crypto community jotted down the incineration of a staggering 27.28 million SHIB over the past 24 hours, showcasing the community’s successful efforts to jack up the SHIB tokenomics.
Meanwhile, Shiba Inu’s price traded in the positive territory today, further aligning with the soaring burn rate. An intriguing announcement by Shiba Inu’s lead developer, Shytoshi Kusama, appears to have further aided the meme coin’s upward momentum across the crypto horizon, hinting toward an imminent NFT launch.

SHIB Burn: A Comprehensive Look
According to the data streamlined by Shibburn, with a 70.68% surge in burn rate on February 13, the Shiba crypto community witnessed a staggering 410.70 trillion SHIB destroyed from the token’s initial supply. This appears to have nabbed significant attention across the global crypto realm, marking the community’s monumental achievement in improving SHIB’s tokenomics. Concerning this, the Shiba crypto community recently shifted 25 million SHIB to a dead wallet, marking the lion’s share in today’s upswing.

Notably, the burning of tokens or the transfer of SHIB to a dead wallet comes as an effort by the community to improve Shiba Inu’s crash, which Nasdaq previously claimed to be due to the token’s massive supply. Following this, the community has destroyed colossal amount of coins to date, substantially reducing the overall SHIB supply in the crypto market.

This appears to have fueled crypto market enthusiasts with immense optimism for the token, as also seen by today’s price jump, per CoinMarketcap’s data.
Additionally, Shytoshi Kusama’s revelation of the ‘Sheboshi’ NFT further appears to be aiding the Shiba Inu ecosystem. These recent developments seem to additionally birthing bullish thoughts on the meme coin, aligning with today’s price jump.

Also Read: Bitcoin Price: Key Reasons Why BTC Soars Past $50K

Shiba Inu Price Jumps
As of writing, the Shiba Inu price noted a substantial 3.37% upswing in the past 24 hours and is currently trading at $0.000009614. Intriguingly, the token traded as high as $0.9713 today, mirroring the community’s recent advancements and the colossal burning of roughly 27 Mln SHIB.
This paves the path for the token’s potential run to $0.00001, as the supply continues to decrease. Meanwhile, the upcoming Sheboshi announcement appears to be building up positive sentiments among traders within the broader crypto market, revolutionizing Shiba Inu’s cryptographic venture.

Also Read: Coinbase CLO Sides With US Senators, Bashes SEC For DEBT Box Fiasco

Top Meme Coins to Buy Now: What You Need to Know

Currently, there are more than 340 meme coins trading on crypto exchanges. Choosing the best can feel like a daunting task, but in this case, you don’t have to risk choosing an underperforming currency. Our in-house experts did the research for you and profiled the top meme coins to invest in today.
What Is A Meme Coin?
A meme coin is a cryptocurrency that takes its attributes from a meme, an animal, or some comical character. These depictions are largely supported by followers, which further forms a community. The hype makes the community so popular that it converts into a cryptocurrency. While meme coins are fun, they are highly volatile and unpredictable. Investments in meme coins might not hold any value or, in some cases, can hold little value, making the investment very risky for traders.
List Of Top Meme Coins
Pepe (PEPE): Popular due to high leap
Pooh (POOH): Contains no taxes
GensoKishi Metaverse (MV): MV can be staked within the game for tokenized rewards
Dogelon Mars ($ELON): Dogelon aims to become the first interplanetary coin and reach Mars
Dejitaru Tsuka (Tsuka): Tsuka is a decentralized community that focuses on reflection, meditation, and research


Best New Meme Coins To Invest In 2024
These are new meme coins that have recently launched but have impressed traders. Take a look.

Memeintor
1. Memeinator (MMTR)
BEST NEW MEMECOIN MAKING NOISE
Memeinator seeks to establish dominance over the domain and seize control of it. Its sole objectives are to increase tourism and strengthen the local economy. Memeinator is a well-made product with the goal of taking over the meme coin market. It is powered by a profound mission and possesses technology comparable to that of Skynet. With a 5-6% increase in the token’s cryptocurrency value guaranteed during each phase, the ICO structure has been carefully designed.
pikamoon
2. Pikamoon (PIKA)
Pikamoon is a recently launched, highly prospective memecoin. It is a blockchain-based gaming project. The “Pikaverse,” the project’s native metaverse, is explored by players as they engage in combat and search for gems. In this play-to-earn game, players advance through the four unique Pikaverse regions and receive rewards for completing tasks. The in-game currency of the project, PIKA, is used to redeem rewards. PIKA tokens can be exchanged for other tokens or used to buy in-game boosters like spells and potions. Additionally, holders of PIKA tokens will be qualified for a complimentary NFT.
. Pooh (POOH)
THE MOST RECOGNIZABLE BEAR IN THE WORLD TAKES ITS RIGHTFUL PLACE
Pooh was launched without a presale. It didn’t levies or taxes and has 95% LP burned with the contract renounced. The objective is to keep Pooh afloat forever. The coin’s creators because it is the most recognizable bear in the world, it will take up users in its rightful place. Pooh’s community wants the users to feel safe about new cryptocurrencies.
4. Pepe Love Inu (PLINU)
A REVOLUTION OF FINANCIAL MOVEMENT
In the constantly changing cryptocurrency market, Pepe Love Inu shows up as a strong competitor. Once thought to be amusing experiments, meme coins are now significant socio-financial phenomena that demand attention. This new wave is personified by Pepe Love Inu, who transforms a ground-breaking financial movement with humor and a sense of community.

Buy Pepe Love Inu
Elhippo
5. El Hippo (HIPP)
THE NEXT BIG MEME COIN
Hippo (HIPP) is the next big meme token that was built using the ERC-20 token standard on the Ethereum network. It is a transparent project focused on building a loyal community. With a giant hippopotamus as its logo, the project is making waves in the crypto industry by gaining thousands of token holders within the first few hours of its launch. You can buy HIPP tokens using Trust wallet, MetaMask, and Uniswap and it is currently unavailable on US-based centralized exchanges.