Shiba Inu SHIB, the second-largest meme coin by market cap, is encountering significant issues as its burn rate has decreased by 42%. According to Shibburn data, only 9,700,878 SHIB tokens were burned in the last 24 hours. This reduction impacts the total supply reduction strategy, bringing the total burned from the initial supply to an astonished 410.7 trillion tokens. As investors watch closely, this decline in burn rate raises questions about the sustainability and future value of SHIB. Market participants are currently evaluating new strategies to address these challenges, promoting discussions on community-driven initiatives.