Shiba Inu’s deflation drive stalls – But before you buy the dip, look out for…

SHIB’s deflationary activity and growing user engagement hint at a potential trend reversal brewing.

• SHIB burn rate surged 5762.9%, while address activity rose across all categories last week.
• Exchange outflows rose 92.01%, nearly doubling inflows, as funding rates flipped slightly bullish.

Shiba Inu [SHIB] has drawn renewed attention after its 24-hour token burn rate surged by a staggering 5762.9%, with over 26 million tokens incinerated.

This spike reflects intensified deflationary efforts by the community, which often aligns with attempts to restore confidence after price pullbacks. 

However, this time, the price barely responded. SHIB slid 1.82% to $0.00001259 despite the burn, suggesting deflation alone isn’t moving the needle.