---
title: "Important Shiba Inu (SHIB) Metric Skyrockets Amid Market Volatility"
url: https://diffcoin.com/important-shiba-inu-shib-metric-skyrockets-amid-market-volatility/
description: "The broader meme coin sector has managed to recover following yesterday's bloodbath."
published: 2024-06-25
updated: 2024-06-25
author: "Mila"
site: "Diffcoin"
---

# Important Shiba Inu (SHIB) Metric Skyrockets Amid Market Volatility

Shiba Inu (SHIB) was also affected by the volatility in the crypto markets during the past 24 hours.

As *CryptoPotato* reported, at one point, the popular meme coin was down by about 6.4% yesterday.

Like most other altcoins, SHIB is currently recovering, trading at a 3% gain compared to yesterday’s price.

![SHIBUSDT_2024-06-25_07-36-07](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyNjQ4IDE3NzIiIHdpZHRoPSIyNjQ4IiBoZWlnaHQ9IjE3NzIiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDI0JTJGMDYlMkZTSElCVVNEVF8yMDI0LTA2LTI1XzA3LTM2LTA3LnBuZyIgZGF0YS13PSIyNjQ4IiBkYXRhLWg9IjE3NzIiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Source: TradingView

Data from CoinMarketCap reveals that the trading volume for SHIB over the past 24 hours alone skyrocketed by a massive 140% at the time of this writing.

Meanwhile, the burn rate remains in negative territory. According to Shibburn, it declined by 0.49% over the past day. Only 10 million SHIB was destroyed.

Source: Shibburn

The overall meme coin sector has recovered following yesterday’s turbulence. According to CoinGecko, the category is up 4.8% in the past 24 hours.

Some of the more notable winners include WIF, which is up 18.4%, BONK, up 15%, and FLOKI, up 12%. By this metric, SHIB also lags behind.

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[Source link](https://cryptopotato.com/important-shiba-inu-shib-metric-skyrockets-amid-market-volatility/)