Shiba Inu's burn rate skyrocketed by 276,545% in the past 24 hours, with over 116 million SHIB tokens removed from circulation. This significant increase in token burns is part of Shiba Inu's deflationary strategy, which has seen the total burned supply reach 410.7 trillion tokens. The circulating supply now stands at 584.5 trillion, with 4.74 trillion tokens staked using xSHIB. The Shiba Inu price is currently consolidating around $0.00001278, having rebounded from a recent low of $0.00001210. The price is trading within a tight range, establishing a support base above $0.000012. Key resistance levels are identified at $0.00001480, with potential upside targets at $0.00002466 and $0.00002828, according to Fibonacci retracement levels. In addition, the Shiba Inu development team has introduced the Shib Alpha Layer, a modular framework for creating custom rollups on Shibarium. This new infrastructure aims to enhance scalability and attract new projects to the Shiba Inu ecosystem, potentially increasing network activity and developer engagement.