Shiba Inu (SHIB) has experienced a 5.14% price increase, reaching $0.000006115, despite a dramatic 99% drop in its burn rate over the past 24 hours. According to Shibburn, only 483 SHIB tokens were burned during this period, marking a significant decline in the deflationary activity that typically supports price stability. The surge in SHIB's price comes alongside a 14.52% rise in trading volume, which hit $145.07 million. This increase in trading activity suggests that factors beyond the burn rate are influencing the price movement, possibly due to Shiba Inu entering oversold territory. While the broader crypto market shows signs of recovery, the reduced burn rate raises concerns about the long-term effectiveness of this mechanism in stabilizing SHIB's price.