The cryptocurrency market has rebounded, with Bitcoin rising to nearly $58,000 and Ethereum topping $3,000. Meme coins such as Shiba Inu also saw significant growth. 😄🚀

Despite the price increase, some metrics of the SHIB ecosystem, including burn rate and the number of transactions on Shibarium, have decreased.

Currently, the self-proclaimed killer Dogecoin is the second largest in the meme coin segment and the 14th largest in the entire sector. SHIB price has risen 13% from low levels a few hours ago.

Despite the rebound in Shiba Inu's price, important metrics related to its ecosystem have fallen recently. The burn rate has dropped by over 90% in the last 24 hours, resulting in the destruction of just 1.1 million tokens.

Layer 2 blockchain solution Shibarium has also slowed its progress. Data shows daily transactions fell below 5,000 on July 7, down 40% from the day before.