Shiba Inu (SHIB) surged 20% on August 6, with trading volume and burn rate increasing significantly.

- **SHIB growth**: SHIB, one of the popular meme cryptocurrencies, has increased by about 20% since its low on Monday, currently sitting at around $0.00001359. However, the price is still down 18% over the past week.

- **Key metrics**: Data from IntoTheBlock shows that SHIB's daily trading volume has increased by nearly 500%, reaching nearly $120 million. The token burn rate has also increased by 1,244%, with more than 2.7 million tokens burned.

- **Meme coin recovery**: The total market capitalization of meme coins has surpassed $40 billion. Dogecoin (DOGE) is up 10%, Pepe (PEPE) is up 17%, and Bonk Inu (BONK) is up 14%. Other coins such as BRETT, MEW, POPCAT, and NEIRO also recorded significant gains. 🚀

- **Bright Future**: Continuous token burning can have a positive impact on SHIB price, as supply decreases and demand increases. 🌟