SOL, MATIC, and AVAX Went Up 20% But SHIB Shot Up To 30%

​While SOL, MATIC, and AVAX all traded up to 20% higher on Friday, it was a meme coin that was the most prominent secondary mover today. 

Following this week's crypto sell-off, SHIB was clearly one of the day's biggest gainers, rallying away from previous lows. 

Shiba inu soared to an intraday high of $0.00001426 on Friday after hitting a low of $0.00001041 on Thursday. 

SHIB/USD moved away from an eight-month low today, indicating that prices are stabilizing following recent falls.

​Increased token burns are one quick modification Shiba Inu has made, which has spurred fresh interest in the token at the start of 2022. Bigger Entertainment, a crypto record label that sells merch, NFTs, and concert tickets, held a SHIB burn event over the holidays, burning over 239 million SHIB. Since the end of October, the team has burned nearly one billion SHIB.