Meme Coin prices surge, investors drive SHIB supply down

SHIB's key indicator surged 1,932% as supply fell by 2.19 million in the past week, mainly due to increased destruction and increased long-term holdings. The trading volume of Binance and Kuco has increased, reflecting the growing interest of retail investors and institutional investors. Despite the speculative nature of SHIB and the total supply is huge, continued destruction and positive market sentiment may support its further gains, although volatility remains high.