Shiba Inu (CRYPTO:SHIB) has seen a significant price rebound alongside other meme coins after recent market losses, with SHIB up 13% from recent lows.

However, despite the price surge, key metrics within the SHIB ecosystem have shown declines.

The burn rate of SHIB tokens plummeted by over 90% in the past 24 hours, with only 1.1 million tokens burned compared to a recent spike.

Additionally, transactions on Shibarium, SHIB's layer-2 blockchain solution, dropped by 40% on July 7, indicating stalled progress in daily network activity.

These developments come despite SHIB's position as the second-largest meme coin and 14th-largest cryptocurrency overall, highlighting mixed signals in its market and operational performance amid recent volatility.