Is the Shiba Inu (SHIB) burn rate telling a story of price action misalignment? Recent data from CoinMarketCap reveals that Shiba Inu experienced a nearly 5% surge in the past 24 hours. The second largest meme coin has surged from a low of $0. to a high of $0. , before falling to its current price of $0. .

However, despite this price increase, Shiba Inu burn rates have surged by an astonishing 612%, with over 3.2 million SHIB tokens permanently removed from circulation within 24 hours. This remarkable uptick suggests a significant effort to reduce the circulating supply.

The burn, recorded on Etherscan, reflects a growing trend where major SHIB holders, especially CEXs, are taking action to reduce token supply and potentially increase . This begs the question: why hasn't this massive burn translated into a sustained price rally?

Despite the notable surge in burn rate, the price of Shiba Inu experienced a downward trajectory, declining by 1.99% within the past 24 hours. Presently trading at the adjusted price, this illustrates a key point for investors: burn rate alone doesn't guarantee immediate price appreciation. Other factors, such as overall market sentiment, trading volume, and whale activity, also play crucial roles in shaping SHIB's price.

Is this a temporary dip before a larger upward movement fueled by the decreased supply, or does this downward trend amidst a high burn rate signal a need for more comprehensive market analysis to understand Shiba Inu's future price trajectory?