Shiba Inu (SHIB) is seeing a flurry of activity today, highlighted by a significant spike in its token burn rate, a metric closely watched by the community. The reduction in circulating supply is part of the ecosystem's long-term deflationary strategy. Concurrently, activity on Shibarium, the project's Layer 2 scaling solution, is steadily increasing, bringing actual utility to what was once purely a meme coin. This shift towards a functional ecosystem is helping SHIB maintain its position in the market rankings. Price volatility for SHIB remains high, typical of assets in its category. Intraday trading shows the token reacting sensitively to Bitcoin's movements, but with exaggerated swings that offer opportunities for day traders. The community, known as the 'ShibArmy', remains highly active on social media, driving engagement and brand visibility. While the token is currently trading below key resistance levels, the combination of supply shocks via burns and increased utility on Shibarium provides a narrative that keeps investor interest alive despite the bearish pressure on the broader altcoin market.