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Shibarium Transactions Drop 75% as Layer-2 Network Activity Loses Momentum
Shibarium transactions plunged 75% while brief recovery faded, highlighting persistent volatility across the Layer-2’s overall network activity pattern remains weak. Broader crypto caution reduced on-chain participation, while derivatives stabilized through improving funding rates despite limited spot demand returning across markets. Developers expanded Shibarium infrastructure, but sustained…
Will Shiba Inu Hit $1? SHIB Price Forecast and Key Factors | CryptoWire
What Is Shiba Inu (SHIB)?
Shiba Inu is an Ethereum-based ERC-20 meme token launched in 2020 under the pseudonym Ryoshi. It began as a community-driven Dogecoin killer and expanded into an ecosystem that includes the ShibaSwap decentralized exchange, the LEASH and BONE tokens, and Shibarium, a Layer-2 network built to lower transaction costs.
Ethereum co-founder Vitalik Buterin famously burned 40% of the original supply in 2021.
Why $1 Is Almost Impossible: The Supply Math
Price targets for high-supply tokens are governed by market cap, not by comparison to other coins. The calculation is simple:
24 trillion tokens × $1 = $589 trillion market cap.
The entire global crypto market is measured in trillions; global equities sit near $100 trillion.
Even $0.01 per SHIB would require a $5.9 trillion valuation larger than most single asset classes.
For context, SHIB’s all-time high of $0.00009 (September 2021) followed a rally of roughly 46,000,000% yet that peak was still over 10,000x below $1.
Read more: Can Shiba Inu (SHIB) Reach $1? Price Prediction & Analysis
Shibarium Transactions Explode 44% While SHIB Stays Frozen Below Rally Signals
Shibarium transactions jumped sharply while SHIB price continued trading within narrow ranges. Low BONE fees and weaker futures activity reflected cautious cryptocurrency market sentiment. Federal Reserve uncertainty and slowing momentum continued limiting stronger SHIB price recovery. Shibarium recorded a strong increase in daily network activity this week, yet SHIB continued trading within a…
Shibarium Activity Drops 58% After Upgrade, Network Reset Masks True Demand
Shibarium transactions plunge after upgrade, masking actual network usage levels Backend overhaul disrupts data visibility as ecosystem continues expanding steadily Temporary slowdown follows reindexing process, with recovery expected in weeks Shiba Inu’s layer 2 network Shibarium has entered May with a noticeable slowdown in activity, reflecting a transition phase rather than a collapse in…
Shibarium Transactions Jump 33% as SHIB Price Recovery Fuels Activity
Shibarium transactions rise 33% as SHIB price recovery gains momentum Whale activity increases as trading volume jumps nearly 20% Network upgrades and layer 3 testing support Shibarium growth outlook Shibarium has recorded a noticeable increase in network usage, reflecting renewed engagement as Shiba Inu shows early signs of price recovery across a market that has recently experienced uneven…
Shibarium Activity Crashes 94% Overnight as SHIB Faces Major Reset Phase
Shibarium transactions plunge 94% as network enters major reset phase Low transaction count hides ongoing system upgrades and backend synchronization SHIB price dips slightly as cautious sentiment grips broader crypto market Shiba Inu’s layer-2 network has entered a reset phase after a sudden drop in visible activity, as recent data shows transactions falling sharply within a single day,…
Shiba Inu Raises Bounty Offer in Shibarium Bridge Standoff with Hacker
Shibarium Bridge Hacked: Attacker Drains $2.4M in ETH, SHIB, and BONE Tokens
Shibarium bridge exploited as attacker drains $2.4M in assets. Developers freeze staking after hacker gains 83% validator key control. BONE surges 78% post-attack while SHIB rises 4.5%. Shibarium’s Ethereum bridge was exploited in a flash loan attack on Friday, causing $2.4 million in losses. Network functions were frozen in the developers of the Shiba Inu ecosystem, and this was done to…
