The Shiba Inu (SHIB) cryptocurrency is seeing significant price growth, outperforming other meme coins such as Dogecoin. Key factors influencing the current SHIB market dynamics include:

- Increase in the value of SHIB by more than 30% per month, outpacing the growth of Dogecoin (19%);

- Asset burning mechanism and development of the Shibarium L2 blockchain solution;

- Burning over 17 billion tokens last week and increasing the burn rate by 2500% on December 27;

- The volume of transactions in the Shibarium network exceeded 200 million, and the total number of blocks reached 2.3 million;

- Actions by large SHIB investors, such as transferring 2.2 trillion SHIB (approximately $24 million) from Binance to an unknown address, which can be considered a bullish signal.

As a result of these factors, 40% of SHIB holders are making profits while 52% are experiencing losses.