Hike is an internet slang term that means to increase or raise. It is often used to describe a sudden increase in something, such as prices, levels, or quantities. People use this term to express an abrupt upward movement or growth in a given context.
Examples:
1. The price of this smartphone just hiked up overnight, and now it’s way too expensive.
2. My YouTube channel saw a major hike in the number of subscribers after I posted that viral video.
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