Shiba Inu (SHIB) prices remain stagnant around a crucial support level, as burn rates surge. The token’s price hovers near 75% below its peak in 2024, with only a small fraction of holders currently profiting from the decline. This is in part due to the recent increase in SHIB burn rate, which has risen by over 3,206%. This surge has been fueled by active burning of tokens through various transactions on the network. Despite this downturn, Shiba Inu (SHIB) boasts strong fundamentals as a deflationary token. While its annual deflation rate is now minus 0.0059%, it stands out from meme coins like Dogecoin and Pepe due to its deflationary nature, unlike its rivals.