According to Shibburn platform, the leading authority for on-chain analysis of Shiba Inu<\/strong>,<\/a> SHIB’s burn rate has plummeted by 94.05%<\/strong> over the past 7 days<\/strong>. Only 9.43 million tokens<\/a><\/strong> have been removed from circulation during this period.<\/p>\n\n\n\n The situation appears even more concerning on a daily scale, with a 95.46%<\/strong> drop in the burn rate: barely 169,895 SHIB<\/strong> were destroyed in 24 hours. For such a widely followed memecoin, this collapse in burn rate could seriously impact medium-term bullish<\/strong> aspirations.<\/p>\n\n\n\n Despite this negative dynamic, Shiba Inu (SHIB) price managed a 3.25% rebound<\/strong> this Tuesday, after falling 12.38%<\/strong> between Sunday and Monday. The token follows a technical structure<\/strong> strongly correlated with Bitcoin (BTC)<\/a>, suggesting simple tracking of the global market<\/a> rather than an autonomous bullish impulse.<\/p>\n\n\n\n Currently, SHIB is trading around $0.00001210<\/strong>, showing a slight decrease of 1.18%<\/strong> during the session. The market capitalization remains under pressure at $7.19 billion<\/strong>, representing a 4.56%<\/strong> decline over 24 hours.<\/p>\n\n\n\n