Recent data reveals that Dogecoin continues to lead the meme coin market, particularly in social media engagement, where it remains ahead of all other meme cryptocurrencies. Shiba Inu (SHIB) has reclaimed second place in this metric, as highlighted by Shiba Inu’s marketing lead, Lucie, who shared a diagram illustrating SHIB’s position.Despite SHIB’s renewed second-place standing, its burn rate has decreased significantly. The Shibburn tracker reported a 24-hour burn rate reduction of 83.19%, with 4,800,831 SHIB tokens destroyed. Recent large transfers, including two significant transactions of 1,474,062 and 1,023,604 SHIB, have contributed to this decline. Following a recent hard fork on Shibarium, a new burn mechanism was introduced, which automatically converts part of the gas fees from BONE tokens into SHIB for burning. Lucie also shared insights on how the SHIB team evaluates potential projects for support or partnership. Key criteria include the project’s contribution to Shibarium’s liquidity, respect for the Shiba Inu brand, and efforts to burn or utilize SHIB tokens to boost adoption. The team also emphasized the importance of avoiding “trash coins” that exploit the community.