Shiba Inu (SHIB) continues to struggle as the memecoin trades under pressure despite a broader recovery in the cryptocurrency market. At the time of writing, Shiba Inu was trading at about $0.00000549, after a decline of roughly 2.9% over the past 24 hours. Shiba Inu has dropped about 6.2% in the past week, while losses extend to 12.5% over the last two weeks. Notably, the price has been moving within a narrow daily range between $0.000005454 and $0.000005661, showing that traders remain cautious. SHIB burn activity stalls for two consecutive days One development that has caught the attention of the community is the sudden slowdown in the Shiba Inu burn rate.
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